Atlantic Bridge Gets LogicaCMG Telecom Products

LogicaCMG has sold its Telecom Products business for Gbp265 million in cash to a private equity consortium led by Atlantic Bridge Ventures. The business, to be renamed Acision, provides converged mobile messaging solutions for text and multimedia messaging for 300 network operators and service providers, who serve over 1 billion consumers worldwide. It generated Gbp254.7 million in 2005 revenue. Other buyers include Larry Quinn, former chairman and CEO of Logica Mobile Networks, and Investment & Underwriting.