Contract Win
April 17 2008 - 2:01AM
UK Regulatory
RNS Number:4993S
F.T.S-Formula Telecom Solutions Ltd
17 April 2008
Formula Telecoms Solutions
("FTS" or the "Company")
FTS Strengthens its Relationship with freenet AG
One of the leading German Service Provider Upgrades to FTS' Highly Flexible
LeapTM Billing 4.6
Herzliya, Israel | April 17, 2008: FTS (LSE: FTS), a global provider of Billing,
CRM and Business Control solutions for communications and content service
providers, today announced that freenet AG, one of Germany's leading internet
and telecommunications companies, has decided to upgrade its charging and
billing systems to FTS newest release - LeapTM Billing 4.6.
freenet AG will be upgrading its existing FTS billing platform to the latest
version of FTS' Leap Billing. This upgrade will offer freenet enhanced billing
flexibility and in-house control, implementing real-time billing decisions on
the basis of business rules that can be defined and updated without the need for
vendor intervention. The upgrade is testimony to the quality of the FTS solution
and the strength of the relationship that FTS has developed with freenet AG.
freenet AG, the result of a merger between freenet.de AG with mobilcom AG in
March 2007, is a provider of Internet, landline and mobile telephony services.
In 2004, the company implemented FTS' flagship Leap Billing solution for rating,
billing and customer care of its voice, broadband and data services.
Running over the most advanced environments, the latest version of FTS' Leap
Billing will be used by freenet AG to support its traditional voice, carrier
preselect voice, broadband, dial-up Internet and VoIP services, in addition to
content and e-commerce services offered via the freenet portal. The upgrade will
provide freenet AG with new modules for business planning, customer contact and
inventory management. Additionally, it will offer enriched capabilities to
independently define and update business rules for charging and billing,
enabling immediate responses to business policies within multi-service
environments, with dynamic cross discounting and promotions.
"FTS has repeatedly demonstrated unparalleled professionalism throughout the
last four years of working with freenet," said Nicolas Tetau, Billing Manager,
freenet AG. "We have found FTS' market leading Leap Billing solution to be
extremely flexible, enabling us to implement new services and bundles easily and
cost effectively."
"We are delighted to be building on our longstanding relationship with freenet
with this upgrade to Leap Billing 4.6," said Gil Hurwitz, FTS' Chief Operating
Officer. "We pride ourselves on offering billing solutions that are not only
technologically innovative, but also meet our customers' needs for flexibility
and in-house control. This upgrade is testimony to our success in meeting
freenet's needs within complex, multi-play scenarios."
Leap Billing is a real-time charging and billing solution that allows providers
to bill for convergent, next-generation services delivered over single or
multiple network technologies. Based on FTS' patented business-control
technology, Leap Billing captures events in real time and responds to them based
on a preconfigured set of business policies or actions. This flexibility and
ease of use enables the operator to bring new services to customers quickly and
economically.
About freenet AG
freenet AG is one of Germany's leading providers of Internet and
telecommunications services. In March 2007 the listed company emerged
invigorated from the merger between freenet.de AG and mobilcom AG, as a
universal Internet, fixed-line and mobile telephony provider. freenet AG
combines the expertise of the experienced mobile provider mobilcom with the
proficiency of the Internet and fixed-line expert freenet.de AG, a former
mobilcom subsidiary. With a franchise system of shops in over 370 locations, and
more than 2500 distribution partnerships with retailers, freenet AG will
continue to cultivate a market presence with the mobilcom and freenet.de brands.
Thanks to its broad-based sales network, the company is always close to
customers and offers compelling personal service. As a full-service provider,
freenet AG services approximately 12 million customers from its locations in
Hamburg, Kiel, Budelsdorf, Berlin, Dusseldorf and Erfurt.
About FTS
FTS (LSE: FTS) is a leading provider of Billing, CRM and Business Control
solutions for communications and content service providers. By analyzing events
from a business standpoint rather than just billing them, FTS allows providers
to better understand their customer base and leverage business value from every
event and interaction. FTS deploys its full range of end-to-end, stand-alone and
add-on solutions to customers in over 40 countries and has implemented solutions
in wireless, wireline, cable, content and broadband markets including multiple
cross-network installations. Serving the evolving needs of both traditional and
next generation providers, the company's operations comprise four international
R&D locations and strategically-located sales support offices worldwide.
FTS is one of EMEA's fastest growing technology companies, consistently earning
a place within the Deloitte Technology Fast-500 EMEA listing. In 2007, FTS was
voted the 'Most Promising Company' at the prestigious TeleStrategies Billing and
OSS World industry event.
For more information please visit http://www.fts-soft.com/.
For further information please contact:
Sonus PR for FTS
Patrick Smith, Tel. +44 20 7903 5454, patrick.smith@sonuspr.com
FTS
Moshe Peterfreund, Tel. +972-9-952-6536, press@fts-soft.com
Seymour Pierce
Mark Percy, Tel. +44 20 7107 8000
This information is provided by RNS
The company news service from the London Stock Exchange
END
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