RateIntegration, the industryâ€™s leading Revenue Lifecycle Management (RLM) company for pre and post-paid services in voice, data and content, has announced that the company executed strong growth and sales in the third quarter of 2006 and is on track to make 2006 the best year in companyâ€™s history.
RateIntegration expanded its reach globally through several key partnerships and new customer deals to bring its Revenue Lifecycle Management solutions to the United States, Europe and Asia-Pac regions. Simultaneously, existing RateIntegration customers continued to expand their existing PriceMakerâ„¢ deployments with additional licenses, maintenance, and support renewals. Additionally, RateIntegrationâ€™s partners have had very successful years, continuing to deliver successful implementations, and helping customers realize dramatic ROI with new or upgraded RLM solutions.
â€œRateIntegration has exceeded its goals through Q3-06 and we project a record-breaking year for the company,â€ said Thomas Thekkethala, CEO of RateIntegration. â€œOur growth with customers and partners continues to reaffirm our vision that comprehensive Revenue Lifecycle Management drives both top and bottom line growth in telecom, media and entertainment market segments. Our RLM solutions offer the lowest total cost of ownership and the fastest time to revenue in the industry for converged services in wireless, wireline, IP applications or content.â€
In Q3 2006, RateIntegration enabled solutions were responsible for processing over $1 billion of monthly revenues in telecommunication, media and entertainment. In addition to new sales growth in Q3-06, RateIntegration and its partners launched 3 new RLM pilot projects with Tier 1 carriers in the United States, UK, and the Middle East. The Company also released Version 8.0 of its flagship PriceMaker Enterprise Pricing Server and upgraded its partner certification and training programs to expand the expertise in building and deploying RLM solutions with PriceMaker worldwide.
â€œOur RLM solutions combined with our partnerâ€™s reach and domain expertise is the key differentiator that our customers seekâ€, said Thomas Thekkethala. â€œOur market leadership is validated by our tier 1 service provider customers and the software and managed services companies that have standardized their modeling, pricing, assurance and analytics offerings on PriceMaker.â€
About Revenue Lifecycle Management (RLM)
Revenue Lifecycle Management (RLM) is the process that companies use to effectively manage the entire lifecycle of service and pricing plans — from the birth of a product / service idea, through its modeling and operational deployment, to the eventual revenue assurance and business analytics that ensures the integrity of the entire revenue life-cycle.
RateIntegrationâ€™s RLM solutions greatly simplifies the process of modeling, deploying, analyzing and managing price plans that deliver the fastest time to revenue at the lowest total cost of ownership in the industry. PriceMaker enables business users to model and analyze new and changes to pricing plans that can then be easily tested and implemented into production environments. Business users can collaborate on price plans without at a layer abstracted from the technology and operational systems. The Assurance and Analytics functions enable companies to track down and analyze problems support internal audits and Sarbanes-Oxley compliance.
Finally, RateIntegrationâ€™s RLM solutions, powered by the PriceMaker Enterprise Pricing Server provides a comprehensive framework for IT organizations for the easy integration, management and maintainability through fully support of service oriented architectures and industry-standards.
RateIntegration is the leading provider of Revenue Lifecycle Management (RLM) software and solutions to model, bill, assure and analyze pre and post-paid converged services revenues and profits in telecom, media and entertainment. The Companyâ€™s Tier I customers process over $15 billion in annual revenues while achieving the fastest time to revenue and profitability at the lowest total cost of ownership in the industry. The PriceMakerâ„¢ Enterprise Pricing Server, widely regarded as the industryâ€™s technology leader, enables global service providers, software companies and managed service providers accelerate the modeling and billing of new and existing services as well as the revenue and cost assurance and analytics across the revenue life-cycle.
To start down the path of accelerating your time to revenue and profitability today, visit RateIntegrationâ€™s web site at www.rateintegration.com or contact us directly at +1 919-484-2442 x103 to schedule a comprehensive demonstration of our PriceMaker Enterprise Pricing Server and Revenue Lifecycle Management solutions.