MagnaQuest, a global leader in billing solutions, today announced a definitive agreement to acquire privately held eVapt, an ATI company and platform for metering, billing and subscription management for the cloud. MagnaQuest and eVapt plan to deliver compelling new solutions that will enable cloud and on-demand providers to more efficiently run and manage subscription and usage based billing within both internal and external cloud architectures. The transaction, which is subject to customary government approvals and [...]