Dublin-based billing software company Brite:Bill has been acquired by tech telecoms firm Amdocs.
Brite:Bill was bought together with two other companies, Vindicia and Pontis, in a combined cash deal valued at $260m (€231m).
The firm, which was founded in 2010, has 60 employees in Dublin, with a further 20 in Madrid and another 20 in the US.
All staff, as well as senior management, will be staying with the company following the acquisition.
Brite:Bill described Amdocs as a natural buyer for the firm and said the deal represented a good return for investors.
The main backers of the company are Investec and Delta Partners, as well as a number of other smaller investors, and Enterprise Ireland.
Commenting on the deal, Amdocs President and CEO Eli Gelman said: “These acquisitions, alongside Amdocs’ existing platforms which include multi-channel, digital care and commerce, customer management and big data analytics solutions, position Amdocs as the market leader to help communication and media providers on their journey.
“I am excited by these companies joining Amdocs, as their cloud-based technologies will augment Amdocs’ rich offering and shorten our time to market,” she added.
