BONN, GERMANY--(Marketwire -03/19/12)- Elephant Talk Communications Corp. (AMEX: ETAK - News) (www.elephanttalk.com), an international provider of business software and services to the telecommunications and financial services industry, today announced that it has completed the acquisition of the assets of Ensercom, a German based Mobile Virtual Network Enabling (MVNE) company. Ensercom, as a wholesale partner, hosts Mobile Services in the network of Telekom Deutschland and the contract has recently been renewed. Telekom Deutschland (successor of T Mobile Germany, and which now also includes all German landline services of parent Deutsche Telekom) is Germany's largest telephone company serving 23.4 million fixed line and 35.4 million mobile customers. The renewed agreement is effective immediately.
Steven van der Velden, CEO of Elephant Talk, stated, "We are pleased with the closing of the acquisition on Ensercom's assets as this grants us instant access to the German market. Since Germany is Europe's largest telecom market, this will bring us the opportunity to provide our world class services to a large potential customer base. The renewal of Ensercom's wholesale agreement with Telekom Deutschland provides us with a marquee client and a stable number of customers to migrate onto the Elephant Talk platform."
"By adopting Ensercom´s Assets into the Elephant Talk family we are able to integrate these into our world class enabling platform," said Martin Zuurbier, Chief Technology Officer of Elephant Talk. "Over the next few months Elephant Talk will install and integrate its full MVNE platform on top of Ensercom's platform in Germany to insure that all the customers can profit from our presence to the full extent. This will open several new successful business-models, products and solutions for Mobile Virtual Network Operators (MVNO´s) and their customer base. Elephant Talk is a synonym for integration competence and is happy to provide its services in Germany providing a platform to deliver subscriber satisfaction."
About Elephant Talk Communications
Elephant Talk Communications Corp. (AMEX: ETAK - News) (www.elephanttalk.com) is an international provider of business software and services to the telecommunications and financial services industry. The company enables both mobile carriers and virtual operators to offer a full suite of products, delivery platforms, support services, superior industry expertise and high quality customer service without substantial upfront investments from clients. Elephant Talk provides global telecommunication companies, mobile network operators, banks, supermarkets, consumer product companies, media firms, and other businesses a full suite of products and services that enables them to fully provide telecom services as part of their business offerings. The company offers various dynamic products that include remote health care, credit card fraud prevention, mobile internet ID security, multi-country discounted phone services, loyalty management services, and a whole range of other emerging customized mobile services. For more information, visit (www.elephanttalk.com).
ValidSoft is a subsidiary of Elephant Talk Communications Corp. (AMEX: ETAK - News) (www.elephanttalk.com) and is a market leader in providing solutions to counter electronic fraud relating to card, the internet, and telephone channels. ValidSoft's solutions are at the cutting edge of the market and are used to verify the authenticity of both parties to a transaction (Mutual Authentication), and the integrity of the transaction itself (Transaction Verification) for the mass market, in a highly cost effective and secure manner, yet easy to use and intuitive. For more information, please visit (www.validsoft.com).
Certain statements contained herein constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements may include, without limitation, statements with respect to the Company's plans and objectives, projections, expectations and intentions. These forward-looking statements are based on current expectations, estimates and projections about the Company's industry, management's beliefs and certain assumptions made by management. Readers are cautioned that any such forward-looking statements are not guarantees of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict. Because such statements involve risks and uncertainties, the actual results and performance of the Company may differ materially from the results expressed or implied by such forward-looking statements. Given these uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. Unless otherwise required by law, the Company also disclaims any obligation to update its view of any such risks or uncertainties or to announce publicly the result of any revisions to the forward-looking statements made here. Additional information concerning certain risks and uncertainties that could cause actual results to differ materially from that projected or suggested is contained in the Company's filings with the Securities and Exchange Commission (SEC), copies of which are available from the SEC or may be obtained upon request from the Company.
- Elephant Talk