F.T.S.- Formula Telecom Solutions Announcements

Contract Win

09 September 2008 07:00:04



RNS Number : 9742C F.T.S-Formula Telecom Solutions Ltd 09 September 2008  
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South African iBurst Selects FTS' Leap™ Billing Solution 
Leap Billing to Support Real-time Billing of New and Existing Services 
Herzliya, Israel | September 9, 2008: FTS (LSE: FTS), a global provider of Billing, CRM and Business Control solutions for communication and content service providers, today announced that  iBurst, South Africa's leading wireless broadband provider, has selected FTS' Leap™  Billing as its real-time billing solution. 
iBurst is a provider of wireless services to a large customer base in South Africa. The company offers service bundles of data and VoIP services. FTS' Leap Billing platform will be integrated with Softline's Sage Line 500 ERP system, Aradial's AAA and other components to cater for the provider's service requirements, including VoIP. Leap Billing will also support quota  management, VoIP interconnect, and complete customer?management functionality including financial transactions.
"We are very excited with the selection of FTS' Leap Billing platform," said Cobus McQuirk, iBurst's Head of Information Services. "We are confident that FTS' billing, rating, balance?management and business-control functionality will enable us to better serve our customers. We were looking for a low-OPEX solution that will also enable us to streamline our billing operation to offer more service packages to a growing subscriber base, while increasing our revenues. We believe we have found all these features in FTS' Leap Billing." 
"We are confident that Leap Billing's flexibility will enable iBurst to configure and launch new services in very short periods of time," said Gil Hurwitz, FTS' Chief Operating Officer. "This new order from iBurst is further proof of FTS' commitment to fortify its presence in the African market." 
Leap Billing is a real-time billing solution that allows providers to bill for next-generation services delivered over single or multiple network technologies. Based on FTS' patented business-control technology, the solution captures events in real time and responds to them based on a preconfigured set of business policies or actions. This flexibility and ease of use enables service providers to bring new services to customers quickly and economically.
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About iBurst
WBS Holdings (Pty) Ltd was established in 1999 and owns 100% of Wireless Business Solutions (Pty) Ltd and iBurst (Pty) Ltd. Wireless Business Solutions (Pty) Ltd holds the National Mobile Data Telecommunication (NMDT) license and the South African license for the iBurst Mobile Broadband Internet Technology. iBurst (Pty) Ltd is the exclusive service provider company to Wireless Business Solutions and has been in operation since 1 May 2005. www.iburst.co.za. 
About FTS  
FTS (LSE: FTS) is a leading provider of Billing, CRM and Business Control solutions for communications, content and service providers. By analyzing events from a business standpoint rather than just billing them, FTS allows providers to better understand their customer base and leverage business value from every event and interaction. FTS deploys its full range of end-to-end, stand-alone and add-on solutions to customers in over 40 countries and has implemented solutions in wireless, wireline, cable, content and broadband markets including multiple cross-network installations. Serving the evolving needs of both traditional and next generation service providers, the company's operations comprise four international R&D locations and strategically-located sales support offices worldwide. In 2007, FTS was voted the 'Most Promising Company' at the prestigious TeleStrategies Billing and OSS World industry event. For more information please visit http://www.fts-soft.com/.
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For further information please contact:
Sonus PR for FTS
Patrick Smith, Tel. +44 20 7903 5454, patrick.smith@sonuspr.com 
FTS
Moshe Peterfreund, Tel. +972-9-952-6500, press@fts-soft.com   

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