Portal Software, Inc. (Pink Sheets:PRSF), the premier provider of billing and Revenue Management solutions for the global communications and media markets, today announced preliminary, unaudited business results for its fiscal 2007 first quarter ended April 28, 2006. (more…)

Portal Software, Inc. (Pink Sheets:PRSF), the premier global provider of billing and Revenue Management solutions for telecommunications and media markets, today announced that more than 85 percent of its customers intended to repurchase products and services, with 66 percent of customers looking to upgrade in the next 12 months, according to the latest Portal Customer Satisfaction Scorecard, a semi-annual customer survey conducted by CustomerSat. In contrast, a recent VanillaPlus Magazine and Yankee Group survey of 101 billing and IT executives from a broad range of carriers released in February 2006, found only 53 percent of carriers decided to continue with their current vendor and nearly 45 percent planned to expand usage of their current system, putting Portal’s results well above the industry average. (more…)

Oracle (NASDAQ: ORCL) today announced that it will acquire Portal Software, Inc. (OTC BB: PRSF.PK), a leading global provider of billing and revenue management solutions for the communications and media industry, through a cash tender offer for $4.90 per share, or approximately $220 million.

“The combination of Oracle and Portal delivers the first end-to-end packaged enterprise software suite for the communications industry,” said Oracle’s President Charles Phillips. “We supply technology and applications to over 90% of communications companies worldwide today, and billing is a logical and complementary addition for those customers.”

Oracle has had a long commitment to the communications industry. 17 of the top 20 most profitable communications companies run Oracle applications. Additionally Oracle’s Siebel Telecom applications have become the standard for telco call centers and customer care. Oracle Database 10g is the leading relational database and TimesTen is the most widely used in-memory database for the communications industry. Oracle Fusion Middleware is the fastest growing service delivery platform for next generation networks using network independent standards. (more…)

Portal Software, Inc.’s (Pink Sheets:PRSF) Senior Vice President of Sales, Marketing, and Alliances, Bhaskar Gorti, is a featured presenter on the “Promise of Triple Play/Quadruple Play” panel at the Total Telecom World Telecommunications Congress. The presentations will focus on IMS Billing Standards and Prepaid/Postpaid Convergence. (more…)

Portal Software, Inc. (Pink Sheets:PRSF), the premier global provider of billing and Revenue Management solutions for telecommunications and media markets, announced today it has appointed Bruce Grainger as vice president of sales for the Americas. Grainger has headed Portal’s sales activities in the Caribbean and Latin America (CALA) since 2001 and will now also assume responsibility for sales in the United States and Canada. (more…)

Portal Software, Inc. (Pink Sheets:PRSF), the premier global provider of billing and Revenue Management solutions for telecommunications and media markets, announced today that Telecom Argentina has selected Portal 7 to power creative pricing and promotion plans and fully convergent services for its customers. Initially, Telecom Argentina will deploy Portal 7 to provide rating for high-speed data and VoIP service offerings to its broadband customers. (more…)

Dr. Graham Carey, director of product marketing, Portal Software, Inc., (Pink Sheets:PRSF) is a featured presenter at the MMS Congress 2006. His presentation, titled “Examining the Billing Requirements Needed to Support MMS,” will evaluate the impact of MMS on the billing system; discuss the specific challenges of billing for MMS; and detail ways to evolve the billing infrastructure in order to support complex charging models for MMS. (more…)

Portal Software, Inc. (Pink Sheets:PRSF), the premier global provider of billing and Revenue Management solutions for telecommunications and media markets, today announced that it will hold a conference call to discuss preliminary financial information for the fourth quarter and fiscal 2006 periods on Wednesday, February 8, 2006 at 5:00 p.m. EST/2:00 p.m. PST.
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Portal Software, Inc. (Pink Sheets:PRSF), the premier global provider of billing and Revenue Management solutions for telecommunications and media markets, today announced the general availability of published tests for certification of Portal Specialist and Portal Professional consultants through the Portal Certification Program. To date, more than 100 individuals have been certified in the three Specialist Certifications available, which include Portal Server Specialist, Portal Pricing Specialist, and Portal System Administrator, as well as the Portal Professional level of certification.
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Portal Software, Inc. (Pink Sheets:PRSF), the premier global provider of billing and Revenue Management solutions for telecommunications and media markets, announced today that FASTWEB is expanding its use of Portal to support its expansion into a variety of next generation service offerings for its customers in Italy.
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