Mer Telemanagement Solutions Ltd. is a worldwide provider of solutions for telecommunications expense management (TEM) and billing solutions. The Company�s TEM solutions assist enterprises and organizations to make smarter choices with their telecommunications spending at each stage of the service lifecycle, including allocation of cost, proactive budget control, fraud detection, processing of payments and spending forecasting. The Company�s converged billing solutions have been implemented worldwide by wireless providers, Voice over Internet Protocol (VOIP), Internet Protocol Television, MVNO and content service providers. The Company�s converged billing solutions include applications for charging and invoicing customers, interconnect billing and partner revenue management using pre-pay and post-pay schemes. In March 2011, The Company completed the sale of its ownership interest in Silverbyte Networks Ltd.