TMNG Global, who acquired British revenue assurance company Cartesian in 2006, announced their Q2 results yesterday. Revenues were up, as were gross profits and cashflows. A US$9.1m goodwill impairment charge relating to their CSMG strategy division turned what would have been a small profit into a US$8.9m loss. Richard Nespola, TMNG Global Chairman and CEO, suggested that Cartesian’s Ascertain revenue assurance software was selling well. He commented:
“Our Ascertain revenue assurance software and our self-amortizing consulting services remain in demand, particularly in the cable sector, and we continue to see solid new customer and total engagement activity overall.”
Development of the Ascertain product range continues, most recently with the announcement of an improved subscription reconciliation module. If sales remain strong, further development is inevitable.
