NewswireToday - /newswire/ -
London, United Kingdom, 2006/03/01 - Azure Solutions, the revenue-assurance company, today announced that Lithuania Telecom (Lietuvos Telekomas), the largest telecommunications service company in Lithuania, has selected Azure Interconnect version 9.0.
Lithuania Telecom is aiming to increase revenues and profits from its wholesale division. A key tool in achieving this goal is a user-friendly and sophisticated interconnect system that will allow it to react quickly to changing prices and enable the rapid introduction of new and diverse products. Azure Interconnect version 9.0 not only meets Lithuania Telecom's specifications, but is also already successfully implemented at TeliaSonera, which holds a 60 per cent stake in Lithuania Telecom.
Azure Interconnect version 9.0 combines proven high-volume carrier-grade functionality with rich features and next-generation settlement functions. It provides current- and next-generation operators with a flexible and effective platform to manage complex interconnect agreements and react quickly to changing markets. Furthermore, Azure Interconnect version 9.0 recently set an interconnect-benchmarking record with more than 2 billion CDRs (call detail records) processed in a day.
Arnoldas Zukauskas, wholesale department director at Lithuania Telecom, said: "Interconnect billing is a very important part of our operation, therefore it was essential we made the right decision regarding our new interconnect system. Azure Interconnect gives us the functionality and usability we require, and Azure's experience provides us with a high level of support."
John Cronin, president and CEO of Azure Solutions, said: "We are very pleased to be working with Lithuania Telecom. Azure Interconnect will be a key tool in helping its wholesale business achieve its goals in what has become a very competitive market. The ability to react quickly to changing conditions, both in terms of the products and services offered, and their prices, is essential and Azure Interconnect puts control firmly in the hands of the client."
About Azure Solutions
Azure Solutions is the world's largest revenue-assurance company. It is headquartered in London, with people in Westminster (Colorado), Ipswich, Paris, Frankfurt, Madrid, Barcelona, Islamabad, Kuala Lumpur, Jakarta, Singapore, Sydney, Melbourne and Mexico City. Azure's end-to-end revenue-assurance product portfolio for current-generation networks includes Data Integrity, Wholesale and Interconnect Billing, International Settlements, Fraud Management, Mediation Management, Translation and Rating, Event Integrity and Route Optimization. Over the last 12 months Azure has launched Azure Inter-Party Management, Azure Fraud Control System and Azure Certo 2 as the first products in its next-generation portfolio. 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. Azure has 80 customers in 32 countries comprising 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 can be traced back to BT in the early 1990s. Azure was spun out of BT in April 2003 and is backed by New Venture Partners, Doughty Hanson Technology Ventures and Intel Capital.
Azure won the 'Best Revenue-Assurance Project' award at the World Billing Awards 2005 in London, and 'Most Promising Company' at the TeleStrategies Billing & OSS World Excellence Awards 2005 in Philadelphia.
In the U.S. please contact Guy Murrel at Catapult PR-IR
T: +1 303-581-7760 - E: gmurrel[.]catapultpr-ir.com.