Veramark Technologies, Inc. (OTCBB: VERA) has announced financial results for the three and six months ended June 30, 2006. For the second quarter ended June 30, 2006, Veramark reported a net loss of $207,000, or $0.02 per share, on sales of $2,606,000. This compares with a net income of $250,000, or $0.03 per diluted share, on sales of $2,661,000 for the second quarter of 2005. For the six months ended June 30, 2006, Veramark’s net loss of $265,000 or $0.03 per share, on sales of $5,050,000 compares with a net profit of $164,000, or $0.02 per diluted share, on sales of $5,288,000 for the first six months of 2005. [Read more…]
MTS Announces Second Quarter 2006 Financial Results
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, today announces its financial results for the second quarter of 2006, ended June 30, 2006.
Revenues for the second quarter were $2.7 million, compared with revenues of $2.8 million in the second quarter of 2005. Revenues for the six month period ended June 30, 2006 were $5.52 million, compared with revenues of $5.54 for the 2005 six month period. [Read more…]
C-COR Transitions Service Management Assets to Sigma Systems
C-COR Incorporated (NASDAQ:CCBL)(www.c-cor.com) and Sigma Systems (www.sigma-systems.com) have announced that they have agreed to terms whereby C-COR will transition the product development and support for the C-COR Service Activation Manager (SAM) and Service Provisioning Manager (SPM) to Sigma Systems.
“This is about putting innovative OSS solutions on a fast track,” stated Robert Cruickshank, Vice President, OSS Market Strategy, C-COR. “For customers of our SAM and SPM, folding the technology and support of these products under Sigma Systems will provide them with broader flexibility and choice in service activation and provisioning functionality. For the cable industry, applying the combined experience and expertise of C-COR and Sigma to the OSS requirements of future converged network architectures will speed innovation and provide the shortest path to a fully integrated OSS solution for voice, video, and data over wireline or wireless networks.”
The transaction is subject to customary closing conditions and is expected to be completed this quarter. Upon closing of the transaction, Sigma will obtain an exclusive interest from C-COR in the SAM and SPM products and assume all of the service provider licensing and software maintenance contracts for these products. C-COR will continue to wholly own its other OSS products, including Key Distribution Center (KDC), Policy Service Manager (PSM(TM)), Network Service Manager (NSM(TM)), Mobile Workforce Manager (MWM(TM)), and CableEdge(R). [Read more…]
Vibrant Solutions to Provide ViewLogic Cost Management to MetroPCS
Vibrant Solutions, a leader in telecom business intelligence and analytics, has announced that MetroPCS Communications, Inc. is deploying Vibrant Solutions’ ViewLogic Cost Management, the leading product in performance expense management.
“As our business continues to grow, we recognize the need for a reliable cost management solution,” said Braxton Carter, senior vice president and CFO of MetroPCS. “Vibrant Solutions had just what we were looking for. Not only does ViewLogic help us better understand and control our costs, but using it as a hosted application allows us to have secure access to our data at any time without having to manage data storage and back-up ourselves.”
MetroPCS Communications, Inc., a Dallas-based wireless communications provider with more than 2 million customers, will use ViewLogic as a hosted application to automate its cost management operations. ViewLogic will provide MetroPCS with a workflow engine that controls all invoice processing and dispute management tasks. ViewLogic also includes a central repository for cost information and an intuitive reporting tool that enables users to access the data, supporting a broad array of analytic tasks. [Read more…]
Motive Appoints Three New Executives and Announces Resignation of Acting CFO
Motive, Inc., a leading provider of broadband management software, today announced that it has strengthened its management team with the appointment of three highly experienced executives to the positions of chief operating officer, chief financial officer and general counsel. Rick Hanna has been named chief operating officer, Mike Fitzpatrick has been appointed chief financial officer, and Jack Greenberg will become general counsel. April Downing has resigned. [Read more…]
Veramark to Announce Second Quarter Results
Veramark Technologies, Inc. (OTCBB: VERA) will issue its financial results for the second quarter ended June 30, 2006. They will issue a news releases on Friday, August 11, 2006 and will also hold a conference call on that day. David Mazzella, President, CEO and Chairman, and Ronald Lundy, Treasurer, will host the conference call to discuss recent developments and financial results. After opening remarks, there will be a question and answer period. [Read more…]
Clarity Wins OSS Contract With 3G Operator PT Hutchison CP Telecommunications
Clarity International, a supplier of next generation Operational Support Systems (OSS) has won a contract with Indonesia’s 3G Telecom Operator PT Hutchison CP Telecommunications (HCPT) to provide highly scalable real-time provisioning of mobile services.
“3G operators face a number of complex convergence challenges,” says Angela Dickenson Senior VP Strategy of Clarity. “3G networks mean deployment and management of both traditional mobile as well as next generation IP technology. 3G services necessitate on-demand delivery of innovative application and content services, as well as traditional voice and messaging services to the subscriber’s mobile phone. Clarity OSS has been uniquely designed to support convergent delivery of voice, data, application and content services over legacy and next generation networks and we are very excited to see the continued adoption of Clarity by 3G mobile service providers.”
HCPT and its prime systems integrator Tech Mahindra, selected Clarity OSS for real-time, zero-touch provisioning of subscriber services. “We selected Clarity from a competitive field because of the system’s scalability and configurability. HCPT anticipates significant growth in subscriber volumes in the next few years and we also needed an OSS that can be easily configured to deploy new services quickly. Based on our evaluation, we believe the Clarity system can provide optimum support in these areas,” said Jaideep Potdar, Head of OSS Practice at Tech Mahindra. [Read more…]
MetaSolv Reports Increased Second Quarter Revenues
MetaSolv, Inc. (Nasdaq:MSLV), a leader in comprehensive operations support systems solutions for next-generation communications service providers, has announced their financial results for the second quarter ended June 30, 2006.
Revenues for the quarter increased 8% to $25.4 million, compared to second quarter 2005 revenues of $23.4 million. MetaSolv reported net income for the second quarter of $649,000, or $0.01 per diluted share, compared to a net loss of $663,000, or $0.02 per diluted share, in the second quarter of 2005. Earnings before interest, taxes, depreciation and amortization and stock compensation expense (“adjusted EBITDA”) for the quarter was $2.4 million, an increase of 108% compared to $1.1 million in the prior year. Non-GAAP net income for the quarter was $1.7 million, or $0.03 per diluted share, compared to a net loss of $113,000, or $0.00 per diluted share for the second quarter of 2005. [Read more…]
Argent Networks Launches New Version of InBill Interconnect for Next Generation Networks
Argent Networks, a provider of BSS and OSS solutions for fixed, mobile and next generation networks, has launched the latest version of its leading in>Bill Interconnect rating, billing and settlement solution.
Larry Barker, Chief Executive Officer for Argent Networks says that the release of the new version 6.0 of in>Bill to the market is exciting for the company. “in>Bill version 6.0 forms an important part of Argent’s suite of products designed to enable its partners and customers to roll out next generation services, as well as handle the complex inter-carrier settlement models being exhibited between carriers, content and media providers,†says Barker.
Argent’s in>Bill version 6.0 supports all network types and settlement billing models from traditional network services through to next generation VoIP, Content, IPTV, and multimedia services on a single platform. [Read more…]
Dittberner Associates Says Telecom Billing, Real-Time Charging and Interconnect Billing Software Market Grow
According to analysis recently published by Dittberner Associates, the telecom billing industry, previously written off as a “mature marketâ€, is now catching its second wave of growth. Dittberner forecasts the billing sector will grow at a 3.7% compound annual growth rate (CAGR) from $4.6 billion in 2005 to $5.5 billion in 2010.
While Dittberner acknowledges that the end of the telecom recession is a key factor in the telecom billing industry’s revival, other significant reasons include the following market trends:
* Real-time Revenue Generation
* Converging Postpaid and Prepaid Billing
* The Rise of Virtual Network Operators
* Wireline Billing Consolidation
More specific information about the telecom industry and their analysis is available to subscribers of Dittberner’s OSS/BSS KnowledgeBase. [Read more…]
telSPACE to Sponsor 2007 MVNO Summit
The 2007 MVNO Summit is scheduled for January 29, 2007 to January 31, 2007. After the tremendous success of the 2006 MVNO Summit in Las Vegas, telSPACE is stepping up to make sure that the sequel to this conference provides even more benefit for all who attend.
telSPACE has created a billing back office system that allows any company in any industry to add communications to their product line and become an MVNO (Mobile Virtual Network Operator). [Read more…]
MTS Completes Acquisition of TelSoft Solutions
Mer Telemanagement Solutions Ltd. (NASDAQ Capital Market: MTSL), a global provider of business support systems (BSS) for comprehensive telecommunication management and customer care & billing solutions (CC&B), announced today the completion of the acquisition of the telecom expense management and call accounting software assets of TelSoft Solutions, Inc. The acquisition will expand MTS’s TEM (Telecommunications Expense Management) solution. [Read more…]
Norwich Union Insurance Company Selects Intec Convergent Billing
The UK’s largest insurer, Norwich Union, part of the Aviva group, has contracted Intec to provide the billing technology for its Pay As You Drive Insurance™. Under the terms of the contract, Intec is supplying its Intec Convergent Billing (Singl.eView) software, plus associated professional services, to allow Norwich Union to generate itemised monthly bills.
Iain Napier, Director of Telematics at Norwich Union, said: “We selected Intec Convergent Billing because it is widely regarded as the telecoms industry’s most flexible and configurable billing technology, and because Intec was enthusiastic in working with us to maximise the potential of this brand new system.â€
The adoption of Intec Convergent Billing for vehicle insurance underlines the flexibility of Intec’s technology, which is used by many of the world’s most innovative telecoms carriers, including Virgin Mobile and ‘3’. The process of rating and charging for vehicle usage is inherently similar to the billing processes used in telecoms, and it will allow Norwich Union to deliver sophisticated, itemised bills to customers with an accurate record of charges and how they are incurred. [Read more…]
TelTel Enables Digitrad and TelePlus to Rapidly Deploy VoIP Service
TelTel, a provider of SIP-based global Internet telephony services, has announced that it is enabling Digitrad and TelePlus to rapidly offer VoIP service over TelTel’s PsipTN (Public SIP Telephony Network). TelePlus will offer VoIP via the PsipTN as a result of a relationship with Digitrad, who is a TelTel SVNO (SIP Virtual Network Operator) partner. The addition of VoIP service greatly enhances TelePlus’s service offering for its core product, Vocalyz(TM). [Read more…]
Bharti Telesoft Extends Roamers’ Network Life by 20 Percent for Middle East Operator
Bharti Telesoft, India’s 2nd fastest growing technology company, has implemented its RoamRetainer solution for a major Middle Eastern operator, to extend inbound roamers’ life on the network. Operators are keen to preserve and grow their roaming revenues, but often lose inbound roamers to competing networks – especially if there are preferred partner agreements in place. With RoamRetainer installed, inbound roamers remain on the operator’s network longer, use roaming services more and helping to increase roaming revenues. [Read more…]
Argent Networks Apoints Leading Global Director to Board
Argent Networks has announced that it has appointed Cas Skrzypczak, to the Board. He is an experienced director who brings considerable international business and management skills to the company.
Cas brings his extensive experience with some of the world’s largest telecommunications, software and network companies including ECI Telecom (NASDAQ: ECIL), IP Unity Corp, JDS Uniphase (NASDAQ: JDSU), Somera Communications (NASDAQ: SMRA), Sirenza Microdevices (NASDAQ: SMDI) and WebEx Communications, Inc (NASDAQ:WEBX)
Chris Jones, CEO of Argent Networks says that the new appointment to the Board is another significant boost as the company can draw on the added global business perspectives of its leading directors like Cas. [Read more…]
Argent Networks Appoints New CEO
Leading New Zealand technology and telecommunications solutions company Argent Networks has announced that it has appointed Larry Barker as its new CEO to take the company forward as part of a global strategy formulated by founder and Chief Executive Chris Jones and his Board several months ago.
The appointment of Larry Barker as the new CEO is part of a planned exit strategy designed by Chris Jones and his Board in order to manage Argent’s next growth phase. Chris Jones will remain active on the Argent Board as a non-executive director and will also pursue his other directorships and business interests. [Read more…]
InfoVista Closes Fiscal Year of Sustained Growth on a Record Fourth Quarter
InfoVista (Euronext: IFV, ISIN: FR0004031649, NASDAQ: IVTA), a leading performance management software company, today announced financial results for the quarter and full year ended June 30, 2006.
Reflecting on InfoVista’s fourth quarter performance, Gad Tobaly, Chief Executive Officer, commented: “The fourth quarter was the best quarter ever in our company’s history. Fiscal year 2006 is another year of profitability and double-digit revenue growth. In an environment where IT functionalities are increasingly delivered as services, performance assurance is becoming more and more critical. This transformation is a key success factor for us. We are growing faster than our markets, confirming InfoVista’s leading position in its segment.”
Total revenues for the quarter increased to EUR11.3 million, up 18% over the comparable period last year. InfoVista achieved positive net income in the quarter, totaling EUR0.8 million, an improvement from EUR0.4 million in the comparable quarter last year. For the year ended June 30, 2006, total revenues amounted to EUR40.6 million, an 18% increase over the previous year. Net income improved to EUR0.5 million for fiscal year 2006 from EUR0.1 million in fiscal year 2005. [Read more…]
VoluBill Helps Orange Cameroon Stay Ahead of the Competition
VoluBill, a leading provider of flexible data charging solutions to telecoms operators, today announced its further expansion into Africa’s mobile market with a strategic new deal in Cameroon. Under the terms of the agreement VoluBill will supply its Charge itâ„¢ suite of solutions to Orange Cameroon, the country’s biggest and fastest growing mobile operator. VoluBill’s combined technologies will offer the flexibility and scalability to enable Orange to quickly implement mobile services and pricing when required. The solutions will also provide revenue generating support for Orange’s new wireless data offerings such as WAP and other General Packet Radio Services (GPRS). [Read more…]
Subex Azure Integration on Track
Subex Azure Limited, the Bangalore-based Telecom Software Product company announced today that it has registered a first quarter profit after tax of Rs. 40.28 Million (US $0.88 Million). Subex reported the following (Unaudited) results for the first quarter in FY07: Revenue of Rs. 483.8 Million (US $10.5 Million) Net Profit of Rs. 40.28 Million (US $0.88 Million) [Read more…]
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