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Automates fast moving, complex and divergent business models

Waltham, Mass and London, UK, Feb 26 2008 – MetraTech Corp., the leading provider of Web Services-based billing, customer self-care and partner management solutions, has been selected by Yankee Group, the leading source of insight and counsel for builders, operators and users of connectivity solutions as one of its BSS companies to watch in 2008.

“MetraTech is demonstrating that it is on par with modern OSS systems, which have traditionally outstripped BSS systems, thanks to its cost/performance profiles, open business logic and a dynamic view of how business models evolve and transform in highly competitive markets such as telecommunications" commented Paul Hughes, Vice President of Enabling Technologies research at Yankee Group. "This makes MetraNet highly competitive within the customer care, settlement and billing solution market segment. MetraTech is promising to automate fast moving, complex and divergent business models and has been delivering this reality in the more complex segments of the billing and customer care market for almost 10 years. The fact that business models are today ever faster moving, more complex and more divergent points to why we see MetraTech as a company to watch in 2008 and an important addition to any billing selection shortlist.”

In its recently released report: A Year in Review for the Billing & Mediation Market, published in February 2008, Yankee analysts Arindam Banerjee and Hughes concluded:

“MetraTech has made some giant product developments in the past year. It also managed to make some significant deals, which are not only restricted to telecom. Its strategic partnerships with regional systems integrators and its recent product improvements make them a key player to watch for in 2008.”

The report points to the reasons behind the significant impact of MetraNet™ in the communications market in 2007. The billing, settlement and customer care platform for organizations with rapidly changing, complex or divergent business needs provides a unique advantage to companies faced with rapidly changing market dynamics and the challenges of business transformation.

Unlike traditional systems which constrain a company’s agility by mandating business processes, MetraNet enables organizations to realize new business models without compromise by separating business logic from the underlying technology.

"Scott Swartz, MetraTech chief executive officer, commented: “We are obviously delighted to be recognized by Yankee Group in this report, which underlines why MetraTech will play an increasingly important role in the evolution of billing and customer care market in the coming years. Yankee Group has long been a thought leader in the billing market which makes this recognition a significant milestone for MetraTech.”

About MetraTech

MetraTech Corp. provides the leading Web Services-based solution for billing, customer self-care, and partner management. MetraNet, MetraTech's modular flagship platform, empowers customers to invent new business models and enhance collaboration among IT, business groups and subscribers. MetraTech offers a variety of delivery options ranging from licensing to outsourcing. Headquartered in Boston, MetraTech has offices in San Francisco, Frankfurt, Paris and London. MetraTech is a venture-backed, privately held company whose investors include Accel Partners, Vesbridge Partners (formerly St. Paul Venture Capital), Meritech Capital, Bessemer Venture Partners and Lucent Venture Partners. For more information, please visit www.metratech.com.

Media Contacts:

For additional information or to arrange an interview, please contact:

Sarah Bedwell
Mustard PR for MetraTech Corp.
Telephone: +44 (0)1628 502601
Email Address: sarah@mustardpr.com

Keith Brody
Head of Communications
MetraTech Corp.
Telephone: 44(0)7790 245779
Email address: kbrody@metratech.com

This press release was distributed by ResponseSource Press Release Wire on behalf of MUSTARD PR in the following categories: Business & Finance, Computing & Telecoms, for more information visit http://pressreleasewire.responsesource.com/about.