Openet, the global leader of real-time transaction management software and service, in partnership with Procera Networks, Inc. (NASDAQ: PKT), the global network intelligence company, today announced the availability of Revenue Express, the industry’s first end-to-end turnkey Policy Control and Charging (PCC) solution that includes Intelligent Policy Enforcement and analytics coupled with Policy Management functionality for mobile operators.
Pre-configured and easy to deploy, Revenue Express Solutions enable operators to rapidly configure revenue generating services based on optimized software and hardware configurations. Standardized and pre-packaged functionality is designed to reduce cost of ownership and address time to market challenges faced by today's service providers while delivering flexible service configurability and interoperability with existing operator OSS/BSS systems.
One of several options available, for example, offers a Service Pass for customers who have exhausted their existing data limit, such as 500 MB of extra data usage for a number of days at a small additional fee. In this case, providing subscribers with simple transparent data purchase options that they understand not only reduces customer service calls and costs, but also encourages them to experiment with data usage, creating new customer segments that often choose to purchase additional data.
“Time and cost considerations put policy solutions out of reach for many operators,” said Peter Jarich, vice president of Consumer and Infrastructure Services at Current Analysis. “What Openet and Procera have done with the PCEF component of Revenue Express is to deliver a fully pre-packaged offer a boon to service providers looking for an out-of-the-box tool to improve their network offerings.”
“Policy and charging control is essential for operators innovating data pricing and services,” said Openet’s vice president of Marketing, Christopher Hoover. “Procera’s Internet intelligence expertise and shared vision for delivering value to mobile operators makes them an ideal partner with whom to expand our existing suite of Openet Express solutions.”
The solution’s automated installation capabilities mean Revenue Express can be configured in days instead of months. Openet and Procera have made ease of integration, reliability and flexibility a top priority, giving Tier 2 and Tier 3 operators the opportunity to take advantage of a revenue-generating policy offering, and the ability to compete with bigger players in the market like they never could before.
"Our policy work with Openet leverages both companies’ industry expertise and makes it possible for mobile operators to quickly meet common business requirements with reduced complexity and ease of operation,” said Cam Cullen, vice president of Global Marketing at Procera. "We look forward to continuing our relationship with Openet and finding new ways to bring our policy enforcement and analytics technology to all operators.”
Revenue Express delivers the full PCC components defined by 3GPP standards that are deployed in the world’s most advanced 3G/4G networks, with Openet software performing the Policy and Charging Rules Function (PCRF) and Procera solutions providing the analytics and Policy and Charging Enforcement Function (PCEF).
Revenue Express expands the existing Openet Express solutions portfolio. For more information on Revenue Express, please visit openet.com/landing/procera/ or contact sales[.]proceranetworks.com or sales[.]openet.com.
Since the introduction of mobile data services in 1998, Openet (openet.com) has helped service providers capitalize on opportunities and overcome challenges. With competitive pressure accelerating, today's service providers rely on Openet software to evolve business models around networking smartphones, M2M devices and third party services. Openet’s portfolio combines policy and charging control with device and third party interaction to enable innovative charging models, to control operating cost and to personalize services. More than 80 of the world’s largest service providers in 28 countries use Openet’s high performance software.
About Procera Networks, Inc.
Procera Networks, Inc. (proceranetworks.com) delivers industry-leading network intelligence for millions of broadband connections worldwide. Procera's PacketLogicTM and NAVL solutions enable carrier, service provider, enterprise, and consumer networks to deliver a high quality of experience to their users through actionable intelligence and sophisticated policy enforcement.
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements, including statements relating to the potential applications and demand for Procera’s products, the performance of its products and the ability of its products to interoperate effectively with other technologies and meet the requirements of customers. These forward-looking statements involve risks and uncertainties, as well as assumptions that, if they do not fully materialize or prove incorrect, could cause Procera’s results to differ materially from those expressed or implied by such forward-looking statements, including risks related to the acceptance and adoption of Procera’s products; Procera’s ability to service and upgrade its products; lengthy sales cycles and lab and field trial delays by service providers; Procera’s dependence on a limited product line; Procera’s dependence on key employees; Procera’s ability to compete in its industry with companies that are significantly larger and have greater resources; Procera’s ability to protect its intellectual property rights in a global market; Procera’s ability to manufacture product quickly enough to meet potential demand; and other risks and uncertainties described more fully in our documents filed with or furnished to the Securities and Exchange Commission. More information about these and other risks that may impact Procera Networks’ business are set forth in Procera’s Form 10-K filed for the year ended December 31, 2012, and in its subsequently filed quarterly reports. All forward-looking statements in this press release are based on information available to us as of the date hereof, and we assume no obligation to update these forward-looking statements.