Megasoft Buys Operator Billing Software Firm BCGI For $65 Million

Indian software firm Megasoft is buying Boston Communications Group Inc. (BCGI), which makes billing and payment software used by mobile operators, for about $65 million, reports AP. BCGI is publicly traded on Nasdaq, and the purchase price of $3.60 per share represents an 81 percent premium to Boston’s closing price of $1.99 on Tuesday.

BCGI has been through some trouble this year: Earlier this year, it cut 21 percent of its workforce in revenues from its largest customer declined drastically. The company also has been restating financial results due to issues with the way it accounted for some stock option grants.

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