ROSH HA'AYIN, Israel, Sept. 16, 2008 (GLOBE NEWSWIRE) -- TTI Team Telecom International Ltd. (Nasdaq:TTIL) ("TTI Telecom"), a global supplier of Operations Support Systems (OSS) to communications service providers, announced today that Tele2, the Pan European telecom company, is upgrading their Netrac Mediation and Fault Management solutions to the new release of TTI Telecom's Netrac FaM 10 Cruiser. Tele2 has been a TTI Telecom customer since 2002, utilizing the Netrac Fault Management product line to monitor their mobile and fixed domains for the operator's 24 million customers in 12 countries.
The release of TTI Telecom's FaM 10 Cruiser brings next generation features to Fault Management. It integrates the new Microsoft.Net Framework 3.0 technology, and offers innovative user interface features. It is specifically designed to address the two most important challenges facing converged CSP's, the growth of NGN data volumes with improved performance and analysis capabilities, as well as the need to support the converged networks and domains of both mobile and fixed technologies through the same system.
Commenting on the deal, Mr. Moti Lipshes, TTI Telecom's General Manager of CIS and Europe said, "We are proud that Tele2 has chosen TTI Telecom to upgrade their Fault Management solution with our new Netrac FaM 10. Tele2's upgrade to FaM 10 expands upon their relationship with TTI Telecom through the follow-on orders they have placed, and reinforces the trust that our customers place in our Netrac Products."
Tele2's decision to upgrade to FaM 10 Cruiser follows TTI Telecom's product launch announcement in February of 2008. Full implementation and installation of the orders are expected to be completed by the end of Q4 2008.
About TTI Telecom
TTI Team Telecom International Ltd. ("TTI Telecom") is a leading provider of next generation Operations Support Systems (OSS) to communications service providers worldwide. The Company's Netrac-branded portfolio delivers an automated, proactive and customer-centric approach to service assurance and network management.
Anchored by market-leading service assurance solutions - Fault Management (FaM) and Performance Management (PMM) - that gives customers an end-to-end view of their network, TTI Telecom's Netrac enables service providers to reduce operating costs, enhance profitability and launch new, revenue-generating services more rapidly. Netrac is compatible with multiple technologies and industry standards, and is uniquely positioned to bridge legacy, next-generation, convergent, and IMS Networks. TTI Telecom's customer base consists of tier-one and tier-two service providers globally, including large incumbents in the Americas, Europe and Asia-Pacific.
For more information, please visit www.tti-telecom.com
Forward looking statements in this release involve a number of risks and uncertainties including, but not limited to, product demand, pricing, market acceptance, changing economic conditions, risks in product and technology development, the effect of the Company's accounting policies as well as certain other risk factors which are detailed in the Company's SEC filings.