Optiva, which offers cloud-native charging and agentic AI business support system (BSS) capabilities, has agreed to be acquired by Qvantel, a global provider in digital BSS. The combination of the two companies will create a joint portfolio of AI-enabled products with full-stack BSS, real-time revenue management and charging for communications service providers (CSPs), officials said.
Per the agreement, Qvantel will acquire all of Optiva’s issued and outstanding common shares and the $108.6 million principal amount of 9.75 percent senior secured PIK toggle notes. The transaction will be implemented via a statutory plan of arrangement under Section 192 of the Canada Business Corporations Act. The deal is subject to customary conditions, including court approval and approval by Optiva and Qvantel shareholders.
The transaction is expected to be complete in December. Upon closing, Optiva will be delisted from the Toronto Stock Exchange and cease to be a reporting issuer under applicable Canadian securities laws.
“For customers, partners and employees, this marks the opening of the exciting journey to drive innovation, business success and inspiration. This builds on our strong momentum in the BSS market,” said Matti Roto, CEO and Chairman of Qvantel. “With a unified global team, extended scale and close collaboration with leading CSPs, the combination of Qvantel and Optiva is set to lead the next evolution of BSS and monetization in the AI era.”
“This agreement is a pivotal milestone in our mission to deliver even greater value and innovative solutions to our customers,” said Robert Stabile, CEO of Optiva. “For over 25 years, Optiva has been a trusted leader in charging and BSS. We are excited about the new chapter, which provides a strong foundation to drive innovation, advance sustainable development and empower our customers’ long-term success. Our joint team is already delivering results, including a multi-country deployment for a leading CSP, and we remain committed to helping customers accelerate innovation and growth.”
