Advisor to the Investors of Lifetree on the Merger of Lifetree Convergence Ltd. With Tecnomen

Lifetree provides telecom carriers with end-to-end Billing, Business Support Systems and Customer Relationship Management with functionalities across wireline, wireless & IP, pre-paid & post-paid customers and voice, data & content services. The company has a deep focus on emerging markets. Having completed over 40 installations in the Asia Pacific, Middle East and Africa region, Lifetree is poised to leverage its capability in the developed markets. The capital invested by IFC would be utilized to fund the growth of the company through acquisitions and other inorganic initiatives. The transaction was consummated in August 2008.

The OSS / BSS space is a $29Bn opportunity and is expected to grow at 8% y-o-y, with the convergent solutions expecting to grow by 30% p.a. Emerging markets are expected to contribute over 50% of the projected growth in this domain. Lifetree Convergence Ltd (CMMI Level 3 Version 1.2 certified company) is a global software company providing IT solutions to manage all customer touch points of a telecom service provider. It is a provider of operational support systems (OSS) and business support systems (BSS) software as also a provider of content management and delivery platforms. Focused on emerging economies such as Africa, the Middle East and Asia Pacific, the company has over 40 installations completed at tier 2 and large tier 3 operators worldwide. Headquartered in New Delhi, India, Lifetree has around 350 employees.