Geneva Technology Inc, a leading provider of convergent billing solutions to the telecommunications, e-commerce, utilities and on-line marketplaces, today announced a multi-million dollar agreement with Arsenal Digital Solutions (Arsenal), a Storage and Application Services Provider (SASP) based in
Geneva Technology provides convergent billing to Arsenal Digital Solutions
Durham, North Carolina. Geneva's flexibility and scalability were decisive in Arsenal's choice of billing solution.
Fast-growing Arsenal offers its customers a full suite of managed storage solutions and provides innovative information management applications that help its customers derive incremental value from their data. The Geneva billing system enables Arsenal to offer robust billing capabilities and more easily and accurately charge customers for the storage and related services it offers. Using Geneva's convergent billing solutions, Arsenal creates 'pay per use' service packages, is able to roll out innovative new services quickly, and can perform sophisticated customer relationship management and marketing functions. Additionally, Geneva Technology offers Arsenal an on-line billing and payments system for its customers.
'As an emerging leader in a fast growing market, Arsenal requires a billing solution that can handle its complex customer hierarchies and support its tremendous growth,' said Geoff Sinn, President and Chief Operating Officer of Arsenal. 'Within the year, Arsenal expects to process more than 300 million events per month for customers, a huge surge requiring a scalable billing solution. After a thorough evaluation of leading billing choices, Geneva stood tall as a market leader and the one solution that could meet our needs.'
'Geneva gives Arsenal not only the flexibility and the functionality it needs, but the ability to price services effectively for each partner, customer, and end-user,' added Steven Horan, Chief Financial Officer at Arsenal Digital Solutions. 'Arsenal is then able to maximize its revenue, while its customers know exactly what they're buying. I am very excited about the expanded business opportunities the Geneva solution will deliver.'
Utilizing its published application program interfaces, Geneva configures easily with legacy back office systems, enabling companies such as Arsenal to deploy and bill for innovative new products quickly, irrespective of the service delivery network. Additionally, multi-party billing functionality creates valuable cross-marketing opportunities and new revenue streams. Using Geneva, for example, Arsenal can charge the customer for using its suite of managed storage services, as well as for services provided by another party. Geneva integrates every aspect of the transaction, routes billing information to the parties involved, and presents charges and transaction history to the customer on a single, easy to use invoice.
'The arrangement with Arsenal Digital enhances our profile in North America as a serious player with powerful technology, just as similar accords with British Telecom, ntl: and Telewest Communications built the Geneva name in Europe,' said Idar Voldnes, President of Geneva Technology Inc. 'We have hit the ground running in North America, and I anticipate many more such announcements as ASPs and integrated communications providers look to Geneva to help them maximize the profit potential of new, innovative broadband services.'
About Arsenal Digital Solutions
Arsenal Digital Solutions (Arsenal) provides a managed storage and information management platform for business customers that wish to (a) store and manage, (b) move and collaborate on and (c) derive additional value from large and complex digital files.
Leveraging its proven storage utility and Internet security experience and expertise, Arsenal delivers the industry's most comprehensive suite of managed storage services. These services provide companies, ranging from start-ups to large enterprises, with access to scalable, secure and utility priced storage. Additionally, Arsenal offers powerful data movement and value-add application services, including a digital content management tool and application program interface to address access control, security, management, and bandwidth problems that businesses encounter while moving and storing large amounts of digital information over the Internet.
Founded in August 1998, Arsenal is a privately held, venture-backed company headquartered in Durham, N.C. For more information on Arsenal Digital Solutions, its solutions and services, visit the company web site at www.arsenaldigital.com.
About Geneva Technology
Geneva Technology is a leading international provider of convergent billing software for the telecommunications, e-commerce, utilities and on-line services marketplaces. The company's product Geneva is a real-time transaction-based system offering the performance required by major carriers handling large volumes of data. Geneva has been designed to meet the needs of fast-changing competitive markets; its unique approach allows the new products and services that are becoming available through the advent of market deregulation and new technology to be introduced quickly and without changes to the software. Services currently being billed by Geneva include fixed and mobile voice telephony and data services running over circuit-switched, IP, GPRS, TETRA and DSL networks. Geneva customers include national PTTs, ISPs, ASPs, content providers and utilities. By focusing on the customer account across any combination of services, Geneva provides true convergent billing, including support for innovative multiple service packages involving flexible discounting and targeted marketing offers. It can also handle the complex language, currency and tax requirements of multi-national users.
The company was formed in 1989 and is based in Cambridge UK. It has offices in Washington DC, Paris, Madrid, and Frankfurt. Internationally-based customers include British Telecom, ntl:, Telewest Communications, Tiscali, Maxitel, Dolphin Telecommunications, HanseNet Telekommunikation and Wireless Maingate. Geneva Technology is supported by a major investment package from leading venture capital companies Spectrum Equity Investors and Geocapital Partners.
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