Sigma Systems is in late-stage talks to acquire Ontology, Light Reading said, reporting from TM Forum Live! The company has developed a system based on semantic search capabilities, designed to deliver an accurate view of network resources to operations teams.
Sigma Systems had been tracking a number of potential acquisition targets, with the backing and support of its new majority owner Birch Hill Equity Partners, but did not confirm the deal.
Ontology CEO Benedict Enweani, when asked by Light Reading if the it was about to be acquired by Sigma, said “not necessarily.” He went on to say that Ontology has been striking significant deals with major operator groups recently and has helped Telekom Malaysia develop a new network discovery and data gathering system that runs on a single server. The company also boasts BT, Telenor, Vodafone and a number of other operators as customers.
Ontology was formed in 2006. Its investors are Celtic House Venture partners and Eden Ventures.
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