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MIAMI, Nov. 17, 2005 — Y-Tel (OTC Bulletin Board: YTLI) has signed 13 new carriers and doubled their traffic, which has added millions of minutes to their VoIP Network each month. Y-Tel International announced today the company has finished the contractual services provided to Digicel and has subsequently completed the convergence from the DMS platform to the new VoIP infrastructure. The new network will significantly reduce operating cost and includes a redundant backup for network operations in Dallas, Texas.
The resulting traffic volume now being terminated across the company’s new VoIP network has more than doubled for September and October adding millions of minutes each month.
Steve Lipman, President of Y-Tel, stated, “As a result of the migration, our technical team has added 13 new customers, which are now running traffic across the Company’s new network. The expected traffic volumes should continue to increase as we add new routes.”
Q4 2005 revenues of $44.7 million for the quarter; 23% higher than Q4 2004
Q4 adjusted (non-GAAP) earnings per share of $0.06; GAAP earnings per share of $0.02
FY 2005 revenues of $160.8 million for the year; 10% higher than FY 2004
FY 2005 adjusted (non-GAAP) earnings per share of $0.21; GAAP loss per share of ($0.05)
SAN FRANCISCO – Micromuse Inc. (Nasdaq: MUSE), the leading provider of ultra-scalable, realtime business and service assurance software, today announced that fourth quarter 2005 net revenues were $44.7 million, an increase of 23% over $36.3 million in the fourth quarter of 2004. Adjusted (or non-GAAP) net income was $4.7 million, or $0.06 per share, versus $5.6 million, or $0.07 per share, in the fourth quarter a year ago. Net income on a GAAP basis for the fourth quarter of 2005 was $1.9 million, or $0.02 per share, compared to a net income of $4.9 million, or $0.06 per share, in the fourth quarter a year ago.
Fiscal year 2005 net revenues were $160.8 million, an increase of 10% over $146.6 million in 2004. Adjusted net income was $17.1 million, or $0.21 per share, compared with adjusted net income of $14.1 million, or $0.17 per share, in fiscal year 2004. This represents an increase of 24% on a per share basis. Net loss on a GAAP basis was $3.8 million, or ($0.05) per share, compared with GAAP net income of $4.4 million, or $0.05 per share, in fiscal year 2004.
Adjusted (or non-GAAP) results, as presented in the attached reconciliation table, exclude amortization of intangibles from acquisitions, in-process research and development write-off, amortization of deferred stock-based compensation and other items such as restructuring charges and credits, restatement and forensic accounting expenses, severance expenses, expenses related to the settlement of securities and patent lawsuits, a non-cash facilities expense, and related tax effects. In addition, as Micromuse begins to apply FAS 123(R) in Fiscal 2006, adjusted (non-GAAP) results will also exclude stock-based compensation expenses associated with the adoption of FAS 123(R).
Cash and cash equivalents, short-term investments and long-term investments were $159.9 million as of September 30, 2005.
â€œFiscal 2005 was another year of excellent performance for Micromuse,â€ said Lloyd Carney, CEO of Micromuse. â€œWe achieved double digit revenue growth and adjusted earnings per share growth in excess of 20% for the second consecutive year, and we increased deferred revenues by 80%. We also accomplished our main operational goals for the year in the areas of partnership expansion, training and education, and product integration. We have continued confidence in the outlook for our business in FY06, and are providing guidance for the full fiscal year for the first time. Revenues for fiscal year 2006 are estimated to be in the $195-$200 million range, with adjusted (non-GAAP) earnings per share of $0.27-$0.29. Revenues for the first quarter of fiscal 2006 are estimated to be in the $44-$46 million range, with adjusted (non-GAAP) EPS of $0.03-$0.04. We are unable to provide earnings per share guidance on a GAAP basis as we are still assessing the impact of adopting FAS 123R, which addresses the accounting treatment of stock-based compensation. This guidance also reflects continued investment in pre-sales and professional services staff to support demand for recently acquired Quallaby and GuardedNet products.â€
The Company has also decided to change its fiscal year end from September 30 to October 31 in order to better align with the buying patterns of its largest customers.
Q4 2005 Conference Call, Webcast, and Replay Information
Micromuse will host a conference call and simultaneous webcast on Wednesday, November 16, 2005 at 2:00 PM PT, 5:00 PM ET to announce adjusted and GAAP results for the fourth quarter and fiscal year 2005. The live call will be available to the general public by dialing 866-831-5605 (domestic) or 617-213-8851 (international) and entering access code 10159965. A live webcast of the conference call will be available at http://www.corporate-ir.net/ireye/ir_site.zhtml?ticker=MUSE&script=2100 or via a link from the Micromuse web site at http://www.micromuse.com/.
A replay of this conference call will be available by dialing 888-286-8010 (domestic) or 617-801-6888 (international) and entering access code 99286370. The replay will be available from Wednesday, November 16, 2005 at 7:00 PM PT until Wednesday, November 23, 2005 at 11:59 PM PT. The replay will also be available as an archived audio file at http://www.micromuse.com/.
Micromuse Inc. (Nasdaq: MUSE) is the leading provider of ultra-scalable, realtime business and service assurance software solutions. The NetcoolÂ® software suite provides organizations with the assurance that their IT systems are supporting and driving profits 24 hours a day. Unlike traditional infrastructure management systems, Netcool solutions provide realtime end-to-end visibility and accurate troubleshooting from a business perspective. Such business intelligence allows organizations to respond to problems quickly, streamline workflow processes and improve business uptime. Micromuse customers include BT, Cable & Wireless, Deutsche Telekom, EarthLink, ITC^DeltaCom, JPMorgan Chase, MCI, T-Mobile, and Verizon. Headquarters are located at 650 Townsend Street, Suite 475, San Francisco, Calif. 94103; (415) 568-9800. The Web site is at www.micromuse.com.
American Institute of Certified Public Accountants standard offers service providers a superior environment for outsourcing their back office operations
VICTOR, N.Y. (Nov. 15, 2005)â€”Info Directions, leading provider of hosted back-office operational support systems and billing software for the telecommunications industry, is pleased to announce that it has received its Statement on Auditing Standard (SAS) 70 Type II Report after an extensive external audit of the procedures and controls for its CostGuard.NET/XG Application Service Provider (ASP) operations. The audit was completed by accounting firm The Bonadio Group, Pittsford, N.Y.
Established by the American Institute of Certified Public Accountants (AICPA), SAS 70 is used by service organizations as a way to demonstrate to clients that they have adequate controls and safeguards in place when hosting or processing data. SAS 70 is also closely related to the Sarbanes-Oxley Act of 2002, making it a critical requirement for any company engaging a third-party to provide software applications and a technology environment to process financial or operational transactions.
SAS 70 is divided into two areas: Type I and Type II. The Type I Report reflects the auditor’s opinion on the fairness of the presentation of the service organization’s description of controls placed in operation and the suitability of the design of the controls to achieve the specified objectives. A Type II Report includes the information contained in a Type I Report, as well as the service auditor’s opinion on whether the specified controls were operating effectively during the period under review. Info Directions obtained its Type I Report in February of this year. Each quarter, repeat audits will be performed to verify that Info Directionsâ€™ ASP continues to meet AICPAâ€™s standards.
â€œAchieving our SAS 70 Type II Report was a significant undertaking and we are pleased to be able to offer our clients what they need to secure greater accountability from their billing and operations activities and meet the requirements of the Sarbanes-Oxley Act of 2002,â€ said Patrick Talty, Vice President of Operations at Info Directions. â€œThe SAS 70 audit process is extensive, and serves to ensure that Info Directions has implemented best practices that are measurable and repeatable. This provides the accountability needed at every level to maintain reliability in the network and protect client data. We are happy to provide this added level of assurance to our clients now and on an ongoing basis.â€
About Info Directions, Inc.:
Info Directions is a software engineering company that designs, hosts and installs net-centric operational support, billing, rating, order management, workflow and selling solutions for the integrated communications service providers. Info Directionsâ€™ benchmark CostGuardÂ® line of installed and ASP OSS/BSS products deliver convergent, web-enabled solutions to ICPs, wireless operators, ASPs, CLECs and ISPs offering local, long distance, wireless, VoIP, broadband, content, data, IP, ASP usage, utility, frame relay and xDSL services. The company also provides the Lexys Point of Saleâ„¢ product to wireless retailers throughout the U.S. and around the world. Info Directions is a Microsoft Gold Certified Partner, member of the GSM Association and a member of the MSDN ISV Program. To learn more about Info Directions, please call 1.888.924.4110 or visit www.infodirections.com.
Singaporeâ€™s SingTel Deploys Micromuseâ€™s NetcoolÂ® Solutions for Assurance of Fixed Line and Mobile Service Delivery Infrastructure
NetcoolÂ® Solutions Deliver End-to-End Service Visibility via Executive-Level Realtime Dashboards
SAN FRANCISCO â€“ Micromuse Inc. (Nasdaq: MUSE), the leading provider of ultra-scalable, realtime business and service assurance software, today announced that Singapore Telecommunications Limited (SingTel), has implemented the Netcool solution to deliver enhanced service assurance, visibility and service level metrics for its fixed line and mobile voice and data networks. SingTel has significant operations in Singapore and Australia as well as a further presence in 35 cities across 17 countries.
â€œSingTel continues to invest in our extensive communications infrastructure to ensure the delivery of consistent, reliable and quality service uptime to our customers,â€ said Mr. Hoh Wing Chee, SingTelâ€™s Vice President of Network Operations. â€œThe Netcool solution, which we are implementing for our new Integrated Network Operations Support System in Singapore, will enable us to view, assess and proactively manage our fixed and mobile network infrastructure as well as services from a single point of control. It will help improve our efficiency as we consolidate and automate our functions.â€
Micromuseâ€™s Netcool solutions provide an end-to-end service assurance, service quality management, and consolidated operations management platform across SingTelâ€™s fixed line and mobile networks. Utilizing the Netcool solutions, SingTelâ€™s operations staff can gain a centralized, realtime, web-enabled service level view of consumer and corporate services. This helps staff to monitor and manage the performance, availability and status of its service-delivery infrastructure and to quickly identify and prioritize infrastructure faults before they impact customer service or breach service level agreements.
NCS Communications Engineering Pte. Ltd. (NCSCE), the system integrator, and Fastwire, a Micromuse channel partner, delivered the design and implementation of SingTelâ€™s network and systems management infrastructure to ensure the rapid implementation of the Netcool solutions and to deliver a management solution that provides SingTel with a scalable service assurance platform and earlier return on investment.
â€œMicromuse is pleased to be delivering strategic service assurance solutions to SingTel,â€ said Matthew Wee, South East Asia Regional Director for Micromuse. â€œMicromuseâ€™s Netcool solutions enable timely, accurate and integrated service level views for large, complex IT infrastructures, helping the worldâ€™s largest service providers to provide enhanced customer care, product innovation and service quality.â€
SingTel is Asia’s leading communications group with operations and investments around the world. Serving both the corporate and consumer markets, it is committed to bringing the best of global communications to customers in the Asia Pacific and beyond.
With significant operations in Singapore and Australia (through wholly-owned subsidiary SingTel Optus), the Group provides a comprehensive portfolio of services that include voice and data services over fixed, wireless and Internet platforms.
The Group also has major investments in Bangladesh, India, Indonesia, the Philippines and Thailand. Together with its regional partners, SingTel is Asiaâ€™s largest multi-market mobile operator, serving more than 71 million customers in seven markets.
SingTel employs more than 19,000 people worldwide and had a turnover of S$12.62 billion (US$7.65 billion) and net profit after tax of S$3.27 billion (US$1.98 billion) for the year ended 31 March 2005. More information can be found at www.singtel.com and www.optus.com.au.
Fastwire is the solution architect of choice for Asiaâ€™s leading service providers. We are a systems integrator providing advanced technology solutions, specializing in the design, implementation and support of turnkey OSS and network solutions.
Fastwireâ€™s consultants have attained the highest level certification in key technology areas. Whatever stage your business is at, Fastwire can help. Fastwire maximizes value to our customers through a unique consulting process which delivers a tailor made package to meet your specific requirements. From this Fastwire produces a turnkey solution that you know works.
Fastwire was established in 1998, with offices in Sydney (HQ), Melbourne, Canberra, New Zealand and Singapore. The website is www.fastwire.com.sg.
Micromuse Inc. (Nasdaq: MUSE) is the leading provider of ultra-scalable, realtime business and service assurance software solutions. The NetcoolÂ® software suite provides organizations with the assurance that their IT systems are supporting and driving profits 24 hours a day. Unlike traditional infrastructure management systems, Netcool solutions provide realtime end-to-end visibility and accurate troubleshooting from a business perspective. Such business intelligence allows organizations to respond to problems quickly, streamline workflow processes and improve business uptime. Micromuse customers include BT, Cable & Wireless, Deutsche Telekom, EarthLink, ITC^DeltaCom, JPMorgan Chase, MCI, T-Mobile, and Verizon. Headquarters are located at 650 Townsend Street, San Francisco, Calif. 94103; (415) 568-9800. The Web site is at www.micromuse.com.
TTI Team Telecom International Ltd. (NASDAQ: TTIL) (‘the Company’), a global supplier of Operations Support Systems (OSS) and Business Support Systems (BSS) to communications service providers, announced its attendance at this year’s TMW (Nov. 8-10) in the Adams Mark Convention Center, Dallas TX. Visitors to booth #226 will learn how TTI Telecom helps its clients strengthen security, accelerate response times and reduce operational costs.
TTI Telecom will be answering questions regarding their latest line of innovative telecom OSS solutions and showing their industry proven fault and performance solutions. The TTI Telecom team will also discuss ways to leverage the power of convergent networks, and present live demonstrations of its modular Security, Provisioning and Mediation products.
TTI Telecom’s team will be on hand to discuss service providers’ challenges in protecting today’s network from internal and external security threats. TTI Telecom will also be highlighting the role of OSS in the prevention of both malicious and accidental damage to the network.
TTI Telecom is also participating in the TeleManagement World Catalyst Showcase MTOSI Triple Play demo. This Multi-Technology Operations Systems Interface catalyst demonstrates a solution for service providers looking to integrate selected OSS products from multiple vendors in a timely, vendor-independent manner. TTI will be showing a live demo of its MTOSI standard based API’s.
TTI Telecom’s live demonstrations of its Security, Activation and Mediation products will illustrate how these products improve activation success rates and service provisioning speeds, allow for proactive service assurance, and enable service providers to effectively manage both the network layer and the service layer in multi-domain networks. The TTI Telecom Team will be focusing on showing the following products:
Manages, Inspects, Controls and Analyzes all users with direct network element access via a centralized secured AAA (Authentication, Authorization & Audit) solution providing complete control over anyone who deals with your network.
Automates network activation commands enabling zero touch provisioning with online monitoring and problems resolution. Real multi technology cross-domain support enabling immediate revenue generation and rapid ROI.
Simplify your network connectivity utilizing TTI’s flexible bi-directional mediation platform. Enabling libraries lifecycle management supporting a variety of protocols connecting to network elements and OS/EMS systems. Easy to use administration GUI and version management enables quicker and uncomplicated integration.
Martin Group, a leading software, business services, and engineering provider for the telecommunications industry, today announced that PrairieWave Communications deployed Martin Groupâ€™s Business Support System (BSS), OMNIAâ„¢, and Operations Support System (OSS), OASIS, to support all lines of business and all customers with a pre-integrated, end-to-end solution. OMNIA and OASIS allow PrairieWave to go to market with competitive offerings that will be supported throughout total operations. PrairieWave is now able to automate provisioning for services (previously done manually) integrated with billing, customer care, and plant management. [Read more…]
Martin Group, the nationwide leader of Software, Business Services, and Engineering for communications providers, today announced that Globalcom, Inc., a large Competitive Local Exchange Carrier (CLEC) based in Chicago, IL, will leverage Martin Group expertise in order to maximize carrier access revenue. Established in 1993, Globalcom quickly became one of the nationâ€™s fastest growing privately held telephone companies, serving thousands of customers and competing with telecom industry giants in the Chicago metropolitan area. [Read more…]
PolycomÂ®, Inc. (NASDAQ: PLCM), a worldwide leader in the convergence of interactive voice, video and data communications, today announced the newest members of its industry-leading SoundStationÂ® voice communications family, the SoundStation PremierÂ® 500D and the SoundStation Premier Polycom 550d. Both products have a licensed Time Compression Multiplexing (TCM) interface enabling direct-wall connectivity to any Meridian 1 PBX from Nortel Networks, providing customers with simple digital connectivity for full-duplex, two-way communications, as well as connectivity for multipoint voiceconferencing capability through the Meridian 1.Â [Read more…]