Vodafone buys expense management firms

Vodafone Global Enterprise on Friday acquired two telecom expense management companies: Quickcomm and TnT Expense Management, giving the carrier an attractive toolset to help it target the enterprise space.

The value of the gross assets being acquired are $6.9m for Quickcomm and $2.8m for TnT Expense Management. The purchase will give Vodafone tools to help multinational companies attain full visibility and control of both fixed line and mobile spending as they grow, shrink or change the scope of their operations.

Quickcomm is headquartered in Sydney, Australia and has offices in the US, UK and Singapore. TnT Expense Management is headquartered in Connecticut and has offices in New York, the UK, Germany and France.