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 localization requirements.
"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 and analytics.
"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 offerings."
About MTS
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
john.venditti@mtsint.com
SOURCE MTS-MER Telemanagement Solutions Ltd