CBIS acquires Swift Management Services in strategic European expansion.CINCINNATI and SOUTHAMPTON, England--(BUSINESS WIRE)--Nov. 8, 1996--CBIS(R) announced today the expansion of its European cable and cable telephony See cable telephone. capabilities through the acquisition of the assets and business of Swift Management Services located in Southampton, England. Under terms of an agreement signed 5 November, the privately-held company and its staff of 55 employees will become part of CBIS CBIS Computer Based Information System CBIS Christian Brothers Investment Services CBIS Cincinnati Bell Information Systems CBIS Chinese Biodiversity Information System CBIS Certified Brain Injury Specialist . Swift is a professional services (job) professional services - A department of a supplier providing consultancy and programming manpower for the supplier's products. firm which provides cable billing and integrated cable telephony billing in Europe. It is the exclusive European distributor of CBIS CableMasterTM-based systems. Swift has used CableMaster to develop a unique subscriber management and billing software solution for the integrated cable telephony market in the United Kingdom. "Swift has a strong reputation in the UK with long-term client relationships based on the CBIS subscriber management and billing solution. CableMaster is considered among the most functional products in the market today," said Robert J. Marino, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of CBIS. "This acquisition is part of our continuing commitment to utilize the strength of our communications industry communications industry, broadly defined, the business of conveying information. Although communication by means of symbols and gestures dates to the beginning of human history, the term generally refers to mass communications. experience, our size, and global coverage to meet the needs of our clients. "Through this strategic acquisition, CBIS's cable and cable telephony capabilities will be enhanced to increase our international presence and complement our customer care and billing solutions leadership in North America," Marino said. "The additional expertise and resources available will further strengthen our international focus on billing and customer support needs for multiple, advanced technologies in a fully-integrated and seamless manner, especially considering the European market deregulation Deregulation The reduction or elimination of government power in a particular industry, usually enacted to create more competition within the industry. Notes: Traditional areas that have been deregulated are the telephone and airline industries. coming in 1998." ABOUT CBIS CBIS is Cincinnati Bell Information Systems, the global leader in the provision and management of customer care and billing solutions for the communications industry. CBIS's state-of-the-art data center infrastructure centered in Cincinnati and Orlando, and client sites, produce more than 225,000,000 bills for cable TV, wireless and wireline telephony, and convergent services each year. CBIS uses its extensive billing systems expertise and service bureau experience to create advantages for leading companies in wireless, wireline, cable, and emerging communications services. CBIS is an Equal Employment Opportunity/Affirmative Action Employer committed to a diverse work force. CBIS is on the Internet at http://www.cbis.com CBIS is a subsidiary of Cincinnati Bell Inc. (NYSE NYSE See: New York Stock Exchange :CSN CSN Crosby, Stills, and Nash (band) CSN Centrala studiestödsnämnden (Swedish: state education grant and loan program) CSN Confédération des Syndicats Nationaux (French) ), a $1.3 billion corporation which supplies telecommunications, information management, and marketing services. Other subsidiaries include Cincinnati Bell Telephone, a major, independent telephone company, and MATRIXX Marketing, the world's largest provider of telephone marketing services. CBIS is a registered service mark and CableMaster is a trademark of Cincinnati Bell Information Systems Inc. CONTACT: CBIS, Cincinnati John Pratt, Public Relations public relations, activities and policies used to create public interest in a person, idea, product, institution, or business establishment. By its nature, public relations is devoted to serving particular interests by presenting them to the public in the most Manager 800/327-3900 or 500/447-2247 In the UK: 0800.895.185 E-Mail: john.pratt(at sign)cbis.com |
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