Route optimisation deal further enhances Azure’s revenue assurance portfolio
Azure, the telecoms revenue assurance company, today announced a partnership with Monnet, the UK-based independent routing optimisation specialist. Under the terms of the deal Azure has bought the intellectual property rights (IPR) for Monnet’s route optimisation products, including various associated hardware and software assets. Monnet will also become a route optimisation reseller for Azure.
The agreement includes the IPR for route optimisation products, ARMS (Automatic Routing Management System) and CCAS (Carrier Cost Administration System). Azure will be taking on staff from Monnet to provide further development, support and maintenance for Monnet’s existing customers.
The deal further enhances Azure’s revenue assurance portfolio, providing a wider range of world-class route optimisation products for existing and next-generation telecoms services. The deployment of route optimisation tools enables operators handling international voice traffic to achieve significant cost reduction, improve margins and protect revenues, all of which make an immediate impact on profitability and cash flow.
John Cronin, CEO of Azure, said: “This is a great deal for Azure as it fits into our overall strategy to grow technologically and expand our customer base. By offering best in class for route optimisation, this complements our existing revenue assurance portfolio and will allow us to continue to help operators to protect and maximise their revenues. ”
Marc Matza, managing director of Monnet, said: "We are delighted to be in partnership with Azure. The deal builds on what we have achieved so far and brings together complementary skill sets and expertise. This is good news for our existing customers as they will be able to benefit from the latest advances in route optimisation technology.”
Azure’s principal objective is to enable communications operators worldwide to reduce losses and safeguard profits from malicious and unintentional revenue leakage. It offers a range of revenue assurance products and services including; Interconnect Accounting, Fraud Management, Event Integrity, Mediation Management and Route Optimisation.
Azure was spun out of BT in April 2003 and is backed by the technology venturing partnership, NVP Brightstar, created in February 2003. NVP Brightstar has been created by BT Brightstar, formerly part of BT’s research and technology business, BT Exact; Coller Capital, the UK-based global private equity investment manager; and New Venture Partners, the US-based venture capital firm.
About Azure (www.azuresolutions.com)
Azure is one of the world’s leading revenue assurance companies with offices in London, Ipswich, Stockholm and Hong Kong. Its portfolio includes Interconnect Billing, Fraud Management, Mediation Software, Event Integrity and Route Optimisation. Azure provides individual products or complete revenue assurance solutions using a common platform and any combination of products that a customer might need. Customers can choose a system that they own and operate themselves or a bureau that Azure manages on their behalf. Amongst Azure’s customers are PTTs, mobile operators, national operators, carrier’s carrier and cable TV companies; Azure has significant carrier experience and understands the problems faced by all these operators. The company’s heritage is based on the fundamental technology and skills developed whilst in BT in the early 1990’s with many of the world-class technical experts remaining at Azure today.
Founded in 1998 and based in London, Monnet is an independent Routing optimization specialist. Its solutions are used across the telecom industry and its client base includes local and international telecom service providers, retail, mobile, switchless resellers, and wholesale carriers.
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