Mer Telemanagement Solutions News
8 articles
Mer Telemanagement Solutions Completes Merger with SharpLink, Inc.
Mer Telemanagement Solutions Ltd. has completed its merger with SharpLink, Inc. and has changed its name to SharpLink Gaming Ltd. The company has also completed a $6 million private placement with an existing institutional investor. Trading of the companys stock will continue on the Nasdaq Capital Market under the ticker symbol MTSL on a pre-reverse stock split basis. SharpLink anticipates commencing trading under the ticker symbol SBET on a post-reverse split basis as early as July 28, 2021. The merger and capital raise will allow SharpLink to accelerate its expansion plans in the legal U.S. online sports betting market. The company aims to leverage its C4 Sports Betting Conversion Platform to transform sports media publishers websites into fully-transactional online betting destinations. The online sports betting market in the U.S. is expected to generate significant revenue in the coming years.
AcquisitionPublic TradingManagement Changes
גיימסטופ הישראלית? הצייצנים עודדו, והמניה הזו זינקה ב-51%
The stock of Israeli company MTS, which trades on NASDAQ under the symbol MTSL, has surged by 51% in two days. The company, which provides technological solutions for communication providers, has seen its stock price rise to a 15-year high of $5.7, reflecting a market value of $30 million. The surge in the stock price is not linked to any significant recent reports or known interest holders buying or selling stocks. Instead, it is speculated that small traders active on social networks are collaborating or encouraging each other to purchase MTS stocks. The company is also set to merge with private company SharpLink, which specializes in technology for online sports betting.
Public Trading
MTS Announces first quarter 2020 Financial Results
Mer Telemanagement Solutions Ltd. (MTS) released its financial results for the three months ended March 31, 2020. The company recorded revenues of $1.15 million, compared to $1.3 million in the same period last year. They incurred a net loss of $20,000, compared to a net loss of $128,000 in the previous year. The companys institutional investor exercised its greenshoe option and purchased convertible preferred shares, providing the company with additional working capital. The CEO mentioned their efficiency plan and the introduction of a new product, as well as their ongoing efforts to find a suitable M&A candidate. The company focuses on telecom expense management, call accounting, and contact center software.
Investment
Platform for Software Reviews Brands eXsight Call Accounting as a Rising Star for Communications Software
eXsight Call Accounting has been awarded the Rising Star award for 2018 by FinancesOnline. The award recognizes the positive user feedback and reputation of eXsights call accounting software. The software received a 100 percent user satisfaction score and was praised for its efficiency in managing daily tasks. FinancesOnline also highlighted the softwares ease of use and key benefits such as seamless communication management and clear reports. eXsight Call Accounting was also given the Great User Experience award for its intuitive functionalities. The article encourages readers to check out FinancesOnlines review and share their experience with the software.
Customers
MTS Forms Alliance with Panasonic to Deliver Property Management System Integration with New Unified Communications Solutions for the Hospitality Industry
MTS – Mer Telemanagement Solutions Ltd. announced a partnership with Panasonic System Communications Company of North America to provide Property Management System integration (PMSi) solutions for Panasonic’s Series of Hospitality Solutions. The PMSi will enable hotel staff and event service providers to integrate all hotel and connected third party systems into a single, unified interface, improving staff productivity, saving on costs and enhancing guest experiences. The PMSi is available through Panasonic’s authorized resellers throughout the United States.
Partners
MTS Receives 2017 Unified Communications Product of the Year Award
MTS - Mer Telemanagement Solutions Ltd. has been named the 2017 Unified Communications Product of the Year Award winner by TMC. MTS TEM Suite, a fully integrated Communications Lifecycle Management solution, provides companies with increased operational efficiency, cost reduction, and visibility into their communications environment. The platform offers modular design and flexible managed services. MTS TEM Suites specific communication lifecycle management capabilities include procurement, wireless help desk, IT asset management, invoice auditing, and more. The award will be announced online and highlighted in INTERNET TELEPHONY magazine.
Partners
MTS Announces the Departure of Orey Gillian, the Company's CEO
MTS announced that its CEO, Orey Gilliam, will be leaving the company effective April 30, 2017. The Chairman, Haim Mer, stated that Gilliam and he have different views about the companys future direction. Alon Mualem, the CFO, will serve as interim CEO while a search for a new CEO is conducted. Gilliam will be available to consult during the interim period. The announcement is seen as a growth-negative impact on the company.
Management Changes
MTS buys content monetization co Vexigo
Mer Telemanagement Solutions has announced its acquisition of Israeli start-up Vexigo for $24 million. The acquisition will put MTS into a completely new sector, as Vexigo deals with monetization of content for website owners. The capital market responded positively to the news, with MTS shares soaring 63.5%. The acquisition price includes $4 million in cash and $20 million in future payments and shares. Vexigos revenue in the first three quarters of 2014 was $6.6 million, compared to MTSs revenue of $5.3 million during the same period. The remaining $16 million of the acquisition price is dependent on meeting criteria in the five and a half years following the acquisition. Vexigos investors include David Shoshan and FT Investments. The acquisition will allow MTS to expand its presence in the market and diversify its product offerings.
Acquisition