WAKEFIELD, Mass., Sept. 16, 2011 (GLOBE NEWSWIRE) -- Comverse, a leader in BSS, mobile Internet and value-added services, today announced that Cycle30, a provider of hosted billing services for communications, utility and machine-to-machine service operators, has chosen the Comverse BSS solution to power its billing and rating services platform for its growing machine-to-machine (M2M) markets business.
"We're pleased to be supporting Cycle30's efforts in the emergent M2M services market," said Garrison Macri, vice president of sales and general manager for the Americas. "With cloud and M2M on the cusp of phenomenal expansion worldwide, Comverse BSS is leading the way with the proven functionality and flexibility required to enable customers to ride this wave of emerging revenue opportunities."
Already prominent in the telco sphere, Comverse BSS solutions are now being deployed in an increasing variety of additional industries to monetize new types of services and real-time data events, share revenues with partners, and more.
"Comverse BSS technology has proven itself both flexible and powerful time and again at rating and billing usage-based products and services across the communications and utility service provider arenas," said James Dunlap, president and general manager of Cycle30. "We believe that Comverse BSS technology, with its ability to handle massive amounts of real-time data, will similarly empower us to create flexible M2M billing services for Cycle30 customers across dozens of other industries."
The Comverse BSS solution will be part of the Cycle30 hosted rating-and-billing platform as it is deployed to M2M market customers. Cycle30 recently announced a customer agreement with a Fortune 200 company to provide hosted rating and billing services in the M2M electronics industry.
For more information, see this related press release.
About Cycle30
Cycle30, Inc., a GCI company (Nasdaq:GNCMA), provides a hosted order-to-cash billing service platform for communications, utility and machine-to-machine (M2M) service operators. The Cycle30 platform includes customer management, service fulfilment, billing and revenue management, service assurance, integrations, and business intelligence. Learn more at www.cycle30.com.
About Comverse
Comverse is the world's leading provider of software and systems enabling converged billing and active customer management, mobile Internet, and value-added services. Comverse's extensive customer base spans more than 125 countries and covers over 450 communication service providers serving more than two billion subscribers. The company's innovative product portfolio enables communication service providers to unleash the value of the network for their customers by making their networks smarter. Comverse's solutions support flexible deployment models, including in-network, cloud, hosted and managed services. Comverse, ranked number 55 in PwC's Global 100 Software Leaders based on research by Pierre Audoin Consultants, is a subsidiary of Comverse Technology, Inc. (Pink Sheets:CMVT). For more information, visit www.comverse.com.
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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 for the fiscal year ended January 31, 2010 filed with the SEC on January 25, 2011 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.