Tecnotree signs delivery agreement on Digital BSS Suite 5 worth USD 15 million
Stock Exchange Release
29 April 2019 at 9:00 a.m. (EEST)
Tecnotree has signed an agreement with one of the largest telecom operators in the Middle East region. The value of the agreement is USD 15.8 million for 2 years. Under the agreement, Tecnotree will deploy its Digital BSS Suite 5 products to help accelerate the operator’s business growth as well as increase agility and operational efficiency of their IT systems.
Tecnotree has a long-standing relationship with the customer. Earlier, Tecnotree helped them to transform to a world leading CRM & Product Catalog based on open-source technologies. With this new partnership agreement, both of the companies renewed their commitment to move towards speeding up the adoption of open-source based cloud native Digital Business Support systems to drive business growth.
The two-year strategic project will see Tecnotree upgrade the existing Tecnotree systems to the following products from its Digital BSS Suite 5: Digital Customer Lifecycle Manager, Digital Catalog Manager, Digital Convergent Billing System, Digital Order Manager, Digital API Manager and Digital Wholesale Billing. The agreement covers license fees and professional services for delivering the relevant products to the operator.
“We are excited to continue our long-term partnership with this leading operator and help them to accelerate growth through the adoption of our Digital BSS Suite 5”, says Padma Ravichander, CEO of Tecnotree. “This agreement is a further confirmation of our strength and ability to support large operators in their digital transformation journey with state-of-the-art digital product suite, which was selected amongst competition with other vendors.”
Padma Ravichander, CEO
Tel. +97 15 641 414 20
Tecnotree Corporation (NASDAQ HELSINKI: TEM1V) is a global provider of telecom IT solutions for the management of products, customers and revenue. Tecnotree helps customers to monetise and transform their business towards a marketplace of digital services. Together with its customers, Tecnotree empowers people to self-serve, engage and take control of their own digital life.