Contract

RNS Number : 5342A

Intec Telecom Systems PLC

04 August 2008

 

Intec Telecom Systems PLC

World Leading Financial Services Company Selects Intec as  

Billing Transformation Partner in Multi-Million Dollar Deal 

London, 4 August, 2008 - Intec Telecom Systems PLC (LSE: ITL, 'the Group', 'Intec'), a global provider of business and operations support systems (BSS/OSS), has signed a strategically important eight-figure contract with one of the world's premier financial services companies.

The multi-million US dollar agreement is a breakthrough deal for Intec in financial services and demonstrates the value of its billing and customer management solutions in applications beyond the telecoms industry.

The agreement is one of Intec's largest contracts to date, covering the supply and implementation of Intec's Convergent Billing, Customer Management and Mediation solutions. Intec's solution will form the core of the customer's billing transformation programme, delivering a critical competitive advantage by supporting flexible pricing plans for new business models, enabling an extended range of current and future fee structures, and allowing the organisation to target new offers at specific customer groups.

Intec was selected after a comprehensive evaluation of leading billing and CRM vendors. Its track record of on-time delivery to large organisations, combined with the quality and flexibility of the solution, were key factors in winning the contract.

The need for high-volume, real-time payment processing is becoming increasingly common in the financial services industry where the quality and accuracy of billing data is critical to customer and partner satisfaction alike. Intec's technology handles daily transaction volumes in the billions: it supports configurable business logic so that customers have the flexibility to design unique price plans, and it has the power to support the most complex fee structures in real time.

Andrew Taylor, Intec Chief Executive said:

"This is a breakthrough deal for Intec. It is again clear evidence that the power and sophistication of our billing and customer management technology is second to none and that it has relevancy beyond our core telecoms market."

Enquiries:

Intec Telecom Systems PLC	www.intecbilling.com
Andrew Taylor, Chief Executive Officer	[phone]
Robin Taylor, Group Finance Director
College Hill	0207 457 2020
Adrian Duffield/Carl Franklin

About Intec Telecom Systems PLC

Intec supplies billing software solutions to over 70 of the world's top 100 telecoms carriers and is one of the world's leading BSS/OSS (business and operations support systems) vendors. Intec's customers include AT&T, Cable & Wireless, The Carphone Warehouse, China Mobile, Deutsche Telekom, Eircom, France Telecom, Hutchison 3G, Orange, T-Mobile, Telefonica, Telstra, Vodafone, Virgin Mobile, Vivo and Verizon. 

Intec has a comprehensive and expanding range of solutions and services ranging from market leading mediation and convergent billing products through to innovative IMS charging solutions. Intec works closely with its customers, many of whom have been with Intec since its inception, to provide the highest standards of performance, flexibility and robustness to help carriers service their customers effectively and profitably.

Founded in 1997, Intec is listed on the London Stock Exchange (ITL.L) and has over 1,700 staff and 34 offices in 26 countries. For more information visit www.intecbilling.com

 

END

 

 

CNTEZLBBVVBEBBQ