MTS Closes MVNE Services Contract for Minimum Revenues of $3.6 Million with One of the Largest MVNOs in the U.S.
RA’ANANA, Israel, October 15, 2012 /PRNewswire/ –
MTS – Mer Telemanagement Solutions Ltd. (NASDAQ Capital Market: MTSL), a global
provider of MVNE services and telecommunications expense management (TEM) solutions, today
announced the signing of a renewal agreement for its Mobile Virtual Network Enabler (MVNE)
service with a large, U.S. based MVNO (Mobile Virtual Network Operator).
The MTS solution is a market leading MVNE service that provides new MVNOs with a quick
time to market, flexible personalization, and rapid integration into their existing
operations. This allows new MVNOs to focus their efforts on sales and marketing rather
than back office technology and complex MNO integrations. MVNOs can rapidly gain a
competitive advantage in the marketplace with MTS’s MVNE cradle to grave solution that is
specifically designed for MVNOs, regardless of their size, service offerings or
“We are proud to continue our MVNE service to one of the largest MVNOs in the U.S. and
in parallel to support new MVNOs in establishing their businesses” said Eytan Bar, CEO of
MTS. “This customer contract extension, which provides for minimum total revenues of $3.6
million through the end of 2013, is a result of our commitment to our customers to provide
flexible and scalable solutions that can grow and adapt to their changing business
requirements in a highly competitive marketplace.”
The MTS MVNE service supports a full customer care and billing lifecycle, including
registering new customers, provisioning services, catalogue management, point of sale
system (POS), CRM module, web self-care, fully featured rating engine, credit limit
alerting, flexible billing and invoicing engine, payment and collection processing,
partner commission and royalty management, network intelligence and advanced dashboards
“Forward thinking MVNOs and MVNEs are looking for innovative ways to gain a
competitive advantage in this highly competitive and fast growing market,” said Josef
Brikman, President of MTS North America. “We provide this competitive advantage to our
customers by providing them with a quick and seamless startup utilizing existing
integrations into major MNOs (Mobile Network Operators) and a flexible process engine that
can accommodate any MVNO business model and support their unique branding and product
Mer Telemanagement Solutions Ltd. (MTS) is a worldwide provider of innovative products
and services for comprehensive telecom expense management (TEM) and enterprise mobility
management (EMM) solutions, telecom billing solutions used by telecommunication service
providers and mobile virtual network operators and enablers (MVNO/MVNE) solutions used by
mobile service providers.
The MTS TEM Suite solution enables enterprises to gain visibility and control of
strategic fixed and mobile telecom assets, services and IT security policies that drive
key business processes and crucial competitive advantage. The MTS cloud, consulting and
managed services solutions – including integrated management of invoices, assets,
wireless, optimization, usage, mobile device management, procurement, help desk and bill
payment ,along with dashboards and reporting tools – provide professionals at every level
of the organization with rapid access to concise, actionable data.
MTS’s solutions for telecommunication service providers are used worldwide by wireless
and wireline service providers for interconnect billing, partner revenue management and
for charging and invoicing their customers. MTS provides MVNE service to allow quick
launch of new MVNO initiatives in a pay as you grow and revenue share models. In addition,
MTS has pre-configured solutions to support emerging carriers of focused solutions (e.g.
IPTV, VoIP, WiMAX, MVNO) to rapidly install a full-featured and scalable solution.
Headquartered in Israel, MTS markets its solutions through wholly owned subsidiaries
in the United States, Hong Kong and The Netherlands as well as through OEM partnerships
with Siemens, Phillips, NEC and other vendors. MTS shares are traded on the NASDAQ Capital
Market (symbol MTSL).
For more information please visit the MTS web site: http://www.mtsint.com.
Certain matters discussed in this news release are forward-looking statements that
involve a number of risks and uncertainties including, but not limited to, risks in
product development plans and schedules, rapid technological change, changes and delays in
product approval and introduction, customer acceptance of new products, the impact of
competitive products and pricing, market acceptance, the lengthy sales cycle, proprietary
rights of the Company and its competitors, risk of operations in Israel, government
regulations, dependence on third parties to manufacture products, general economic
conditions and other risk factors detailed in the Company’s filings with the United States
Securities and Exchange Commission.
Company Contact: John Venditti Vice President, Marketing +1(800)745-8725 firstname.lastname@example.org
SOURCE MTS-MER Telemanagement Solutions Ltd