Neighbor's software platform consolidates utility services
into a single bill to reduce overhead costs and enhance customer
experience
Sponsor Energy to debut Neighbor platform to tens of
thousands of customers in Alberta
Neighbor addresses a North American deregulated utilities
market estimated to be worth more than $2
billion
TORONTO, Jan. 15, 2019
/CNW/ - Globalive Technology Inc. ("the Company") (TSX-V:
LIVE) is pleased to announce its joint venture Neighbor Billing
Inc. ("Neighbor") has launched Neighbor, a unified billing and
customer lifecycle management solution for utilities providers.
This subscription-based platform allows companies to bundle
multiple services such as electricity, gas, cable and internet into
a single bill for their customers. This enables utilities to
rapidly expand their service portfolio and offer households an
easier way to manage their bills.
As of today, Neighbor is in active beta with its first client,
Sponsor Energy ("Sponsor"), a fast-growing and socially-conscious
energy retailer with tens of thousands of customers. The
platform enables Sponsor to expand its service offerings to include
cable and DSL internet as well as IPTV as part of a consolidated
bill for its customers. It also provides the company with a unified
customer management system for its administrative team.
"Today's tech-savvy consumers demand service that's quick and
convenient," said Anthony Lacavera,
Chief Executive Officer of Globalive Technology. "Neighbor offers
utilities a powerful means of simplifying the billing process in a
way that helps build positive associations with utility brands and
drives customer loyalty."
"We're excited to add Neighbor to our customer management
ecosystem," said Carolyn Martin,
Chief Executive Officer of Sponsor Energy. "We believe consolidated
billing will help us stand out among our competitors and connect
with our customers in a friendlier way as we rapidly grow our
business."
Neighbor Billing's unified billing and customer management
platform addresses a deregulated North American utilities market
valued at more than $2 billion. The
Company's client-centric software platform will expand to further
integrate with utilities' existing billing modules, enabling
clients to manage administrative functions such as pricing,
packaging, promotion, metering, billing and accounting all in one
place and reduce their administrative expenses. Consolidated bills
are easy for customers to understand and allows them to minimize
interaction with separate utility providers, which saves them time
and money.
Neighbor Billing is a joint venture between Globalive Technology
and Sponsor. Globalive Technology software engineers designed and
built the Neighbor platform in consultation with Sponsor's product
feedback, market expertise and need for a multi-service billing
platform.
"Having both built and implemented enterprise billing systems, I
understand the importance of having a platform that is flexible and
grows with the business," said Bhavin
Shah, Chief Technology Officer of Globalive Technology.
"With Neighbor, billing is just one function of the overall
customer lifecycle management system and the solution easily
integrates with other processes."
The joint venture has established a pipeline of utility service
retailers as potential customers of the platform. Further customer
announcements to follow.
About Neighbor Billing
Neighbor Billing develops
billing and customer lifecycle management software for utilities
providers around the world. The company's flagship platform is
Neighbor, a billing and customer lifecycle management solution that
simplifies billing for utilities by consolidating multiple services
such as electricity, gas, home phone and internet into a single
bill. Neighbor Billing is a joint venture between Globalive
Technology and Sponsor Energy. For more information, visit
www.goneighbor.com.
About Globalive Technology
Globalive Technology is a next generation software company and
venture partner developing innovative solutions to disrupt
traditional industries by leveraging artificial intelligence and
machine learning technology stacks, with a particular focus on
delivering innovative payment, billing and credit solutions.
Globalive Technology is controlled by Globalive Capital Inc., which
has founded and co-founded 12 businesses over the past 20 years
with six successful exits ranging from $10M to $1.3B USD.
It has also made over 100 venture investments and has over 45
technology companies in its portfolio. For more information, visit
www.globalivetech.com.
About Sponsor Energy
Sponsor is one of the fastest
growing and most socially-conscious retailers in North America. They offer ultra-competitive
pricing on electricity, natural gas, internet services, phone and
cable to residential, small business and commercial clients as well
as energy management for power intensive operations such as
cannabis growing operations and crypto mining operations globally.
Sponsor's unique business model allows customers to "use their
power for good" by turning a grudge purchase into a benefit for the
community. For every kilowatt hour of power or gigajoule of natural
gas used by its customers, Sponsor Energy donates 50% of its
profits to the charity chosen by that customer and has partnered
with charities such as homeless shelters, food banks and animal
welfare organizations to help empower their efforts to change the
world. For more information, please
visit www.sponsorenergy.com.
For media inquiries:
Rob
Moysey
Communications Manager, Globalive
Media@globalivetech.com
For investor inquiries:
Melanie Barbeau
Account Manager, Renmark Financial Communications
InvestorRelations@globalivetech.com
CAUTION REGARDING FORWARD-LOOKING INFORMATION
This news release contains forward-looking statements
relating to Globalive Technology Inc., Sponsor Energy, Neighbor
Billing (its joint venture with Sponsor Energy) and Neighbor
Billing's unified billing and customer management software
platform, and other matters, including its and their
products and services, financial performance, and existing and
future technologies. Such forward-looking statements are
identified by terms such as "will", "believe", "to
follow", and similar expressions. All statements, other than
statements of historical fact included in this release, including
those noted above, are forward-looking statements that involve
risks and uncertainties. There can be no assurance that such
statements will prove to be accurate and actual results and future
events could differ materially from those anticipated in such
statements. Important factors that could cause actual results to
differ materially from expectations include an inability to develop
technology as expected, not performing in accordance with
expectations or historical trends, software not functioning as
expected, difficulties or delays in developing the software,
third parties not using or responding to the software as
expected, competitors operating in the same spaces or
industries, economic conditions making the technologies or licenses
not as attractive as expected, whether Neighbor Billing's
consolidated billing will help Sponsor Energy stand out among
competitors and connect with customers in a friendlier way and
whether Neighbor Billing's client-centric software platform will
expand to further integrate with utilities' existing billing
modules, enabling clients to manage various administrative
packages.
The reader is cautioned that assumptions used in the
preparation of any forward-looking information may prove to be
incorrect. Events or circumstances may cause actual results to
differ materially from those predicted as a result of numerous
known and unknown risks, uncertainties, and other
factors, many of which are beyond the control of Globalive
Technology, Sponsor Energy and Neighbor Billing. The can be no
guarantee that any of the forward-looking statements contained in
this press release will occur as disclosed herein or at all. The
reader is cautioned not to place undue reliance on any
forward-looking information.
Such information, although considered reasonable by
management at the time of preparation, may prove to be
incorrect and actual results may differ materially from those
anticipated. Forward-looking statements contained in this news
release are expressly qualified by this cautionary statement. The
forward-looking statements contained in this news release are made
as of the date of this news release and the Company will only
update or revise publicly the included forward-looking statements
as expressly required by Canadian securities law.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release
SOURCE Globalive Technology
