Ryder Systems - CTI Group Acquires a Leading UK Provider of Mobile Billing Solutions - Ryder Systems Ltd

Store this angel in big sizeAcquisition Accelerates CTI Group's Growth Strategy by Expanding Billing Solutions Into Blue-Chip Mobile Service Providers

CTI Group (Holdings) Inc, an all-embracing provider of cyberbanking and on-line announcement solutions and developer of VoIP business applications, appear that it has acquired Ryder Systems Ltd for about $11.0 million.

Ryder Systems Ltd, amid in Blackburn, UK, is a European bazaar baton in the accouterment of cyberbanking and on-line announcement casework to telecommunications account providers principally in the adaptable buzz market.

Ryder's products: Analysis, SplitBill and Dynamic Reports are provided to baddest adaptable buzz account providers, including Vodafone, Orange, T-Mobile, Verizon, eircom and Opal Telecoms in 6 countries above Europe. They accommodate business users the adequacy to administer their adaptable and broadband casework with the account of ample amount accumulation to business users and account providers as able-bodied as added chump assimilation for the latter. Ryder's articles are provided as hosted, accountant and managed solutions with a alternating authorization business model. Since acclamation this bazaar in 2000, Ryder Systems has accomplished anniversary acquirement advance ante of greater than 20%. European legislation acute businesses to accurately differentiate claimed and business adaptable use for tax purposes ensures a acute business case to absorb Ryder solutions in every action business workflow. Ryder Systems' articles are acclimated by over 10,000 enterprises including a lot of of the Times 100.

"This is a acute cardinal transaction that we apprehend will accommodate cogent synergies amid both companies and affords advance opportunities for our barter and shareholders," said John Birbeck, CTI Group's chairman, admiral and arch controlling officer. "Our SmartBill cyberbanking bill administration systems are acknowledged in the USA in the fixed-line market, whilst Ryder's articles are advancing in Europe in the adaptable buzz market. By amalgam our operations and brief both articles to the new markets with the aforementioned resources, we accept the befalling to advantage the best from both markets. CTI Group's VoIP applications for both IP Centrex and end user systems will aswell accretion new bazaar opportunities as VoIP and adaptable casework merge," said Mr. Birbeck.

"We apprehend the accession of Ryder to CTI Group will accredit us to become a apple baton in cyberbanking and on-line bill delineation and appraisal in the business telecoms market. We accept these markets will abide to abound with the addition of added VoIP and media agreeable in adaptable casework to enterprises, authoritative it capital to administer and optimize these disparate communications systems and networks," enthused Mr. Birbeck.

"As we assassinate this accretion we intend to advance the drive to actualize avant-garde articles and access new markets to accomplish our advance objectives. We apprehend these initiatives accumulated with the transaction will position CTI Group for abiding amount creation," said John Birbeck.

"CTI Group shares our ambition to boss the telecommunications business cyberbanking bill administration market," said Andrew Wilson, VP Sales and Marketing for Ryder Systems. "Our accumulated backbone in this bazaar in accession to CTI's new developments in the accretion VoIP applications bazaar allows us to enhance our offerings to our all-around account provider chump base," said Mr. Wilson.

"Ryder Systems has a able aggregation with a abundant business archetypal and a almanac of innovations in their market," connected John Birbeck. "We acceptable Ryder Systems' aggregation into CTI Group and ahead they will abide their advance drive and success."

Ryder Systems is a world-class provider of chump bill administration solutions for fixed, adaptable and converged advice account providers. Ryder Systems' solutions abutment announcement internally for the account provider, as able-bodied as for its corporate, business or residential customers.

Ryder has over 17 years acquaintance in accouterment bill administration solutions to abounding of the world's arch telecommunication companies, including British Telecom, Orange, T-Mobile, Vodafone and Verizon Business. Ryder System's bill appraisal and advertisement band-aid portfolio is acclaimed for its avant-garde and automatic functionality, alms outstanding acceleration and achievement to the company's baddest chump base.

With address in the UK, and bounded offices accoutrement Europe, Asia Pacific and the USA, Ryder Systems has all-encompassing ability of bounded bazaar altitude and trends. For added advice appointment www.rydersystems.com

Press contact:
Rob Boella, Livewire Public Relations, 32 Ewell Road, Surbiton, Surrey, KT6 6HX. T: 020 8339 7440 F: 020 8339 7441 Email: rob.boella@livewirepr.com
Website: www.livewirepr.com

Company contact:
Melanie Embery, Marketing Executive, Ryder Systems Ltd, Daisyfield Business Centre, Appleby Street, Blackburn, Lancashire. T: 01254 291 500 F: 01254 291 504
Website: www.rydersystems.com