Razorsight Named Global Leader In Cloud Analytics For Communications Provider Financial Assurance
RESTON, Va., Oct. 24, 2012 /PRNewswire/ — Advancing to the gold medal platform in its industry, Razorsight Corporation today was named “the strongest financial assurance supplier in the North American region” by Stratecast | Frost & Sullivan, a leading telecommunications strategic forecasting organization. Razorsight is the global leader in cloud-based financial assurance and analytics solutions that empower Communications Service Providers (CSPs) worldwide, including mobile, cable and wireline operators, to analyze, visualize and leverage their big data at very fast speeds to improve margins and pursue new profit opportunities.
In its report, “Global Communications Service Provider (CSP) Financial Assurance (Revenue Assurance, Fraud Management, and Cost/Margin Analysis) Market Forecast & Supplier Assessment,” Stratecast | Frost & Sullivan gives Razorsight top ranking in North America by revenue and numbers of customer served, and hails the company’s global expansion in the AsiaPac region and Latin America as a strategic move that will yield significant dividends.
Karl Whitelock, Director Global OSS BSS Strategy for Stratecast | Frost & Sullivan said, “With Razorsight’s decision to expand globally, we expect to see Razorsight remain in the top leadership group of the financial assurance market for the foreseeable future, as business opportunities from multiple dimensions materialize for those that serve this sector.”
“As the pioneer in cloud-based business intelligence and analytics solutions for communications service providers, Razorsight is 10 years ahead of the competition in delivering a true SaaS approach that meets and exceeds providers’ financial assurance requirements — without a CAPEX investment in software licensing,” said Razorsight CEO Charlie Thomas. “The ability of our solutions to unlock the value of providers’ big data in near real time opens new windows of margin enhancement quickly and cost-effectively, and is the core driver of Razorsight’s unmatched appeal to carriers and strong revenue growth.”
The importance of financial assurance and analytics to CSPs is underscored by the current crisis in lost revenue. Even as global telecom earnings soar, losses from inaccurate billing keep pace, undercutting gains. Worldwide, this “revenue leakage” today costs service providers $75 billion per year, with losses expected to reach $375 billion. Razorsight’s modular apps provide a comprehensive and flexible approach to resolving service providers’ financial assurance needs.
About Razorsight’s Advanced Analytics Solutions
Razorsight’s Advanced Analytics solutions (Headlines) help Communications Providers aggregate and analyze data to better understand customer behaviors, needs, and emerging trends including Over the Top (OTT) applications such as Facebook, Apple messaging and YouTube. Razorsight’s cloud analytics deliver instant statistical and behavioral analyses into all areas of bandwidth consumption, which enables balanced trade with third party content, video and social media providers, thereby delivering a better quality of service for mobile and broadband consumers while driving an optimal return on network assets for operators. Razorsight’s Headlines and OTT Analytics dashboard is the first to market and the ideal complement to its Financial Assurance solutions. Armed with the data insights made possible by Razorsight, CSPs no longer have to “fly blind” as their networks fill with increasing volumes of video and content.
Razorsight provides cloud-based business intelligence and profit analytics solutions for Communications Service Providers. Razorsight’s Software-as-a-Service (SaaS) delivers network intelligence and unparalleled visibility into all aspects of cost and revenue to improve CSP operating margins and profitability. Razorsight’s highly scalable, web-based software is easy to install, requires no capital investment, and has delivered millions of dollars in profitability gains at industry leaders such as AT&T, Verizon, Telus, Comcast, Cbeyond, CenturyLink, Windstream, T-Mobile, Telekomunikacja Polska (TP Group), Tata, and IBM. www.razorsight.com