Mantas sells off telecomms unit

Mantas' strength has historically been with its regulatory compliance, loss prevention and revenue generation applications in use by the world's leading financial institutions. Mantas has been a perennial award winner in the financial services markets and has grown its financial services business to become the world leader in financial services compliance technology over the past four years. With the divestiture of these telecommunications assets, Mantas sought greater focus on the continued success and growth of its financial services business. In addition, it has generated additional resources to supplement its investment in its core business.

"We felt it important to focus Mantas' efforts on the areas where we are clearly helping our clients transform their business," said Simon Moss, CEO, Mantas. "Mantas has considerably increased the size of its financial services business every year and we have become the premier software provider to the global financial services compliance marketplace. The sale of our telco business ensures even greater strength in Mantas' ability to execute on the continually accelerating financial services business."