Azure Solutions, the revenue-assurance company, is taking part in a trade mission to India and Pakistan, organised by UK Trade & Investment, between 27 February – 7 March 2005.Â The trade mission will involve meeting a series of senior regulatory and telecoms executives in the region, where Azure will highlight the revenue-assurance issues they are facing.
According to recent research Azure has conducted in conjunction with telecoms analysts Analysys, operators in Asia are losing an estimated 11.8 per cent of turnover ($48.3 billion) though revenue leakage, from causes such as billing errors, poor processes and fraud.
Azure is the world’s largest revenue-assurance company.Â It enables operators to reduce losses and safeguard profits from malicious and unintentional revenue leakage.Â Azure currently has over 80 customers across the world, including BSNL in India and Telenor Pakistan, Warid Telecom, Paktel and Pakcom in Pakistan.
John Cronin, president and CEO of Azure Solutions, said: “Revenue assurance should be a key concern for operators in the region, as increasing competition is squeezing margins for many of them.Â By taking part in these trade missions we hope to raise further awareness of revenue-assurance so that operators can effectively protect and maximise their profits.”
About Azure Solutions (www.azuresolutions.com)
Azure Solutions is the world’s largest revenue-assurance company.Â It is headquartered in London, with people in Westminster (Colorado), Ipswich, Paris, Frankfurt, Madrid, Barcelona, Islamabad, Kuala Lumpur, Jakarta, Singapore, Sydney, Melbourne and Mexico City. Azure’s end-to-end revenue-assurance product portfolio for current-generation networks includes Data Integrity, Wholesale and Interconnect Billing, International Settlements, Fraud Management, Mediation Management, Translation and Rating, Event Integrity and Route Optimization.Â Over the last 12 months Azure has launched Azure Inter-Party Management, Azure Fraud Control System and Azure Certo 2 as the first products in its next-generation portfolio. Azure provides individual products or complete revenue-assurance solutions using a common platform and any combination of products that a customer might need. Customers can choose a system that they own and operate themselves or a bureau that Azure manages on their behalf.Â Azure has 80 customers in 32 countries comprising PTTs, mobile operators, national operators, carrier’s carrier and cable TV companies. Azure has significant carrier experience and understands the problems faced by all these operators.
The company’s heritage can be traced back to BT in the early 1990s. Azure was spun out of BT in April 2003 and is backed by New Venture Partners, Doughty Hanson Technology Ventures and Intel Capital.
Azure won the ‘Best Revenue-Assurance Project’ award at the World Billing Awards 2005 in London, and ‘Most Promising Company’ at the TeleStrategies Billing & OSS World Excellence Awards 2005 in Philadelphia.
About UK Trade & Investment
UK Trade & Investment is the government organization that provides integrated support services for UK companies engaged in overseas trade, and foreign businesses focused on the UK as an inward investment location. For more information visit the web site at www.uktradeinvest.gov.uk