Q2 Results Highlight Growth At TMNG Global

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.

Eric Priezkalns
Eric Priezkalns
Eric is the Editor of Commsrisk. Look here for more about the history of Commsrisk and the role played by Eric.

Eric is also the Chief Executive of the Risk & Assurance Group (RAG), a global association of professionals working in risk management and business assurance for communications providers.

Previously Eric was Director of Risk Management for Qatar Telecom and he has worked with Cable & Wireless, T‑Mobile, Sky, Worldcom and other telcos. He was lead author of Revenue Assurance: Expert Opinions for Communications Providers, published by CRC Press. He is a qualified chartered accountant, with degrees in information systems, and in mathematics and philosophy.