SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                           --------------------------

                                    FORM 6-K

       REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16
                    UNDER THE SECURITIES EXCHANGE ACT OF 1934

                         For the month of December 2008

                        MER TELEMANAGEMENT SOLUTIONS LTD.
                              (Name of Registrant)

                    22 Zarhin Street, Ra'anana 43662, Israel
                     (Address of Principal Executive Office)

                  Indicate by check mark whether the registrant files or will
file annual reports under cover of Form 20-F or Form 40-F.

                           Form 20-F  [X]   Form 40-F [  ]

                  Indicate by check mark if the registrant is submitting the
Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): [ ]

                  Indicate by check mark if the registrant is submitting the
Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): [ ]

                  Indicate by check mark whether by furnishing the information
contained in this Form, the registrant is also thereby furnishing the
information to the Commission pursuant to Rule 12g3-2(b) under the Securities
Exchange Act of 1934.

                                 Yes [ ] No [X]

                  If "Yes" is marked, indicate below the file number assigned to
the registrant in connection with Rule
12g3-2(b): 82-
              ------------

This Form 6-K is being incorporated by reference into the Registrant's Form F-3
Registration Statement File No. 333-128225 and Form S-8 Registration Statements
File Nos. 333-12014 and 333-123321.



                        MER Telemanagement Solutions Ltd.

6-K Item

      1.  MTS  to  Acquire  the  Telecom   Expense   Management   Operations  of
          AnchorPoint, Inc.



                                    SIGNATURE

         Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.

                                            MER TELEMANAGEMENT SOLUTIONS LTD.
                                                  (Registrant)

                                             By: /s/ Eytan Bar
                                                -----------------------------
                                                 Eytan Bar
                                                 Chief Executive Officer

Date: December 23, 2008



                    [MER TELEMANAGEMENT SOLUTIONS LTD LOGO]

  MTS to Acquire the Telecom Expense Management Operations of AnchorPoint, Inc.

Ra'anana,  Israel - December 23, 2008 - MTS - Mer Telemanagement  Solutions Ltd.
(Nasdaq  Capital Market:  MTSL), a global  provider of business  support systems
(BSS) for comprehensive telecommunication management and customer care & billing
(CC&B)  solutions,  has signed a  definitive  agreement  to acquire  the telecom
expense management business of AnchorPoint,  Inc. of Framingham,  Massachusetts.
Upon  completion of the  transaction  MTS will  integrate its  telecommunication
management and billing solutions with AnchorPoint's  telecommunications  expense
management (TEM) solutions.

Under the terms of the agreement, MTS will acquire all the assets of AnchorPoint
and assume certain enumerated  liabilities.  The aggregate consideration will be
25% of MTS's outstanding shares on a post-transaction  basis. The acquisition is
expected to be  completed  on or before  December  31,  2008.  AnchorPoint  will
continue its operations as a division of MTS.

"This transaction is in line with our business objectives and it is an important
step in carrying  out our  strategy to improve our market  position  and product
offerings,   accelerate  growth  and   profitability   and  ultimately   enhance
shareholder  value," said Eytan Bar, CEO of MTS. "The merger complements our TEM
offerings to allow our customers to reduce their telecom costs and improve their
IT/Telecom processes.  TEM offerings,  with an immediate return on investment to
customers,  are  important  management  tools during a period of slowdown and an
unstable economic environment." Mr. Bar added.

"Through  its  ongoing  relationships  with both its  customers  and  technology
leaders  from  various  industries,  AnchorPoint  has  earned a  reputation  for
innovation,  quality, and support and delivering award-winning  solutions." said
Roger  Challen,  President  and CEO of  AnchorPoint  Inc.  "We believe that this
merger provides a strategic  foundation for our expansion into the international
TEM space."

About AnchorPoint

AnchorPoint (www.AnchorPoint.com) is a leading provider of Telecom Expense
Management Solutions that enable enterprises to gain visibility and control of
strategic assets that drive key business processes and crucial competitive
advantage. The company's award-winning software, consulting and managed services
solutions -- including integrated Invoice, Asset, and Usage Management and
Business Analytics tools -- provide professionals at every level of the
organization with rapid access to concise, actionable data. Armed with this
knowledge, they can make smart operational and financial decisions that maximize
the performance of core assets and services. From reducing costs and optimizing
resources for superior ROI; from allocating budgets to ensuring regulatory
compliance; from purchasing to payment; and everything in between, global
leaders rely on AnchorPoint for absolute control over bottom line results.



About MTS

Mer  Telemanagement  Solutions  Ltd.  is  a  worldwide  provider  of  innovative
solutions for comprehensive  telecommunications expense management (TEM) used by
enterprises,  and for business  support  systems (BSS) used by  information  and
telecommunication service providers.

Since 1984, MTS Telecommunications'  expense management solutions have been used
by   thousands  of   enterprises   and   organizations   to  ensure  that  their
telecommunication services are acquired, provisioned, and invoiced correctly. In
addition,  the MTS Application Suite has provided  customers with a unified view
of telecommunication usage, proactive budget control,  personal call management,
employee cost awareness and more.

MTS's solutions for information and telecommunication service providers are used
worldwide by wireless and wireline service  providers for interconnect  billing,
partner revenue  management and for charging and invoicing their customers.  MTS
has  pre-configured  solutions to support emerging carriers of focused solutions
(e.g.  IPTV,  VoIP,  MVNO) to  rapidly  install a  full-featured  and  scaleable
solution.  MTS's unique technology reduces integration risks and lessens revenue
leakage by using the very same system to manage retail and wholesale business as
well as supporting  multiple  business  units.  Total cost of ownership (TCO) is
reduced by providing web-based customer self-care and provisioning.

Headquartered  in  Israel,  MTS  markets  its  solutions  through  wholly  owned
subsidiaries in the United States,  Hong Kong, The Netherlands,  and Brazil,  as
well as through OEM partnerships with Siemens,  Phillips, NEC and other vendors.
MTS shares  are traded on the NASDAQ  Capital  Market  (symbol  MTSL).  For more
information please visit the MTS web site: www.mtsint.com.

Certain matters  discussed in this news release are  forward-looking  statements
that involve a number of risks and uncertainties  including, but not limited to,
risks in product development plans and schedules,  rapid  technological  change,
changes and delays in product approval and introduction,  customer acceptance of
new products, the impact of competitive products and pricing, market acceptance,
the lengthy sales cycle,  proprietary rights of the Company and its competitors,
risk of  operations  in  Israel,  government  regulations,  dependence  on third
parties to  manufacture  products,  general  economic  conditions and other risk
factors detailed in the Company's  filings with the United States Securities and
Exchange Commission.

Contact:

MTS:

Alon Mualem
CFO
Tel: +972-9-762-1733
Email: Alon.Mualem@mtsint.com


AnchorPoint:
Michael Grillo
VP of Marketing
Tel: 508.628.4524
Email: mgrillo@anchorpoint.com