WAKEFIELD, Mass., Oct. 23, 2013 (GLOBE NEWSWIRE) -- CTM Macau has selected Comverse (Nasdaq:CNSI), the global leader in telecom business enablement, and Tata Consultancy Services (BSE:532540) (NSE:TCS), as partners for a business transformation that will redefine the user experience, facilitate monetization and reduce Total Cost of Ownership (TCO).
The Comverse ONE® Converged Billing and Active Customer Management solution, including Policy Management and enhanced with long-term Operational, Advisory and Managed Services will facilitate consolidation of multiple lines of business and BSS systems to deliver convergent charging, optimized operations and advance CTM's ambitious growth plans.
This project extends the strong relationship between Comverse and leading IT services, consulting and business solutions firm TCS to ensure optimal results for the complex major business transformation.
Benefits of Consolidation
"In a highly competitive marketplace requiring flexibility to respond quickly to customer and market changes, it has become essential for CTM to unify the multiple billing and rating systems that currently support our different capabilities and lines of business: prepaid/postpaid, fixed/mobile, broadband and enterprise services," said Rui Marcelo, Director of Information Technology, CTM. "While consolidation and professional services will benefit us with significant cost efficiencies, even more important is that it will enable us to deliver a greatly enhanced customer experience, giving our subscribers greater choice and control through accelerated introduction of innovative services and applications, cross-product synergies, unified billing for personalized plans and creative bundling, and more. Comverse, a global leader in both billing and communication convergence and a trusted partner for many years, was a natural choice."
"CTM's selection of TCS and Comverse is deeply rooted in the successes that the three parties have achieved throughout our history of working together," said Jacques-Herve Maupin, Senior VP, Managing Director, Asia Pacific, Comverse. "Comverse's rich portfolio of solutions and services and global marketing expertise are a perfect match for CTM's requirements to provide convergent policy-based charging, cross-bundling and more for its quad-play offering."
Learn how Comverse ONE's pioneering single-system approach to BSS convergence and Comverse Managed Services can help you maximize success in transitioning to the connected world of 4G, data and all-IP: meet with Comverse at an upcoming industry event in your region.
About CTM
Formed in 1981, as the only full telecom service provider in Macau, CTM has been maintaining its leadership role in providing world-class telecom services to the Macau residents and continues to play a major role in the ongoing development of Macau's infrastructure. With a solid financial base and an enviable track record of technical achievement, CTM offers both first-class products and services and outstanding career opportunities for the prosperous development of Macau. In June 2013, CITIC Telecom International's transaction in acquiring the entire shareholding in CTM of both Cable and Wireless Communications and Portugal Telecom was officially approved by the Macau SAR Government.
About Tata Consultancy Services Ltd. (TCS)
Tata Consultancy Services is an IT services, consulting and business solutions organization that delivers real results to global business, ensuring a level of certainty no other firm can match. TCS offers a consulting-led, integrated portfolio of IT, BPO, infrastructure, engineering and assurance services. This is delivered through its unique Global Network Delivery Model™, recognized as the benchmark of excellence in software development. A part of the Tata group, India's largest industrial conglomerate, TCS has over 276,000 of the world's best-trained consultants in 44 countries. The company generated consolidated revenues of US $11.6 billion for year ended March 31, 2013 and is listed on the National Stock Exchange and Bombay Stock Exchange in India. For more information, visit us at www.tcs.com
About Comverse
Comverse is a leading global provider of telecom business solutions that enable communication service provider success in the hyper-connected world through service innovation and smart monetization. The company's proven and innovative product portfolio includes BSS, Policy Management (PCRF) and Enforcement and Digital & Value Added Services – all backed by Managed and Professional Services. Comverse's extensive customer base spans more than 125 countries with solutions successfully delivered to over 450 communication service providers serving more than two billion subscribers. Comverse's solutions are available in a variety of delivery models, including on-site, cloud, hosted/SaaS and managed services. For more information, visit www.comverse.com.
Statements included or incorporated by reference in this press release may contain "forward-looking statements." There can be no assurance that any forward-looking statements will be achieved, and actual results could differ materially from forecasts and estimates. Important factors that could affect the company include the risks described in the section entitled "Forward-Looking Statements" Item 1A, "Risk Factors" and elsewhere in the company's Annual Report on Form 10-K filed with the SEC on May 16, 2013 or in subsequently filed periodic, current or other reports. The company undertakes no commitment to update or revise forward-looking statements except as required by law.