MIND
C.T.I. Ltd., a prominent supplier of convergent end-to-end billing and customer
care product based solutions for service providers as well as call accounting
solutions, announced today that the company has recently won two significant
deals, one at the start of the quarter and the other closed last week.
The
first sizeable win is a deal to support prepaid and postpaid wireless business
for a wireless communications service provider in the US. Specifically, MIND
will implement its convergent billing and customer care platform. The solution
includes modules such as Point of Sales (PoS), Self-care, Online Store,
Interactive Voice Response (IVR), and support for Verizon Wireless LTE in Rural
America (LRA Program).
MIND
was chosen by this customer for its flexibility and support with constant
changes necessitated by carrier marketing activities, its broad range of
functionalities for prepaid plans, its collections business process and
promotions features, and finally for MIND’s proven true convergence. That
convergence is the output of one integrated platform, with all modules built
in, which fully supports all prepaid, postpaid, hybrid, and wholesale business
models. Implementation of this project has already begun and will be completed
within the next three to four quarters.
This
win is a testament to MIND’s strengthening presence in the US market, the
swelling reputation of MIND’s cutting edge solutions, and reputation of on-time
successful implementations.
The
second win is with an existing customer in East Europe, a carrier with over 1.5
million subscribers that operates in all telecom fields, landline, wireless,
broadband and TV, and uses MIND’s solution for part of their business. Over the
next two years this customer will phase out other platforms they use and
upgrade the MIND solution to reach the true real-time convergent platform they
desire in order to attract and retain their customer base. MIND was chosen
after an extremely long and thorough search. This significant win is a
multi-million dollar deal and the company expects to recognize its revenue during
a phased implementation within the next eight to ten quarters.
“We
are pleased to announce these two new important wins. For the last few years we
have focused on preparing the company for such potential wins. We have
maintained a global presence and have increased our workforce to enable support
of these larger prospects in our pipeline as they turn into new projects. These
latest wins show how MIND’s solutions are gaining market share”, said Monica
Iancu, President and CEO of MIND CTI. “We continue to experience increased
interest in our solutions and we expect to meet our goal of internal growth.”
For
further information, please visit www.mindcti.com
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