Mobilis Networks has bought the intellectual property and assets of failed Auckland developer Argent Networks, including the company's Eclipse billing software as well as some fixed assets, from Argent's receivers.
Auckland-based Argent was placed in voluntary administration in January and McGrath Nicol were appointed as the receivers. At the end of January, Toronto-based Redknee Solutions failed in a $10 million bid for the company's assets when ordinary shareholders, who stood to gain nothing from the deal, refused to approve the sale.
Mobilis' CEO, Chris Jones, was not prepared to disclose what was paid for the assets.
The Independent Financial Review reported at the end of January that loans to the company by venture capital companies had been converted into preference shares in October 2007.
Jones left Argent in August of 2006 to set up the new company. The Independent reported he was defending an action by Argent over IP, but Argent had decided not to pursue the matter further.
Jones says that the purchase and the support of Argent’s former key customers will complement Mobilis own product offering.
“Mobilis will add the Eclipse suite as part of our product set and support its customer base by incorporating them into our telecommunications service offering. Efficient billing is the flip side of managing content using next generation broadband and IPTV solutions so this purchase is the best outcome for Argent’s former customers,” says Jones.
Traffic to Argent Networks' website was today being redirected to Mobilis.
Meanwhile, TelstraClear has purchased the Express pre-paid calling platform from Argent, which was its outsourced supplier. “The Express platform already sits on our network, so it’s business as usual for us. Customers can rest assured that TelstraClear now controls the entire customer experience. This move gives us full end to end control of the service and flexibility around offerings,” TelstraClear's head of consumer markets, Steve Jackson, says.