Forum Mobile and MTS Announce Strategic Partnership
Forum Mobile's MVNE offering to embed MTS solution
NEW YORK, January 12, 2012 /PRNewswire/ --
Quantum Telecom Inc. d/b/a Forum Mobile (Nasdaq: QTMI) a global MVNE (Mobile Virtual Network Enabler) and MTS - Mer Telemanagement Solutions Ltd. (Nasdaq: MTSL), a global provider of business support systems (BSS) for comprehensive telecommunication management, telecommunications expense management (TEM) solutions and customer care & billing (CC&B) solutions, announced today entering into a strategic partnership with the inclusion of the MTS MVNO (Mobile Virtual Network Operator) solution as part of the Forum Mobile MVNE solution for MNOs (Mobile Network Operators) and MVNOs.
Forum Mobile's end-to-end MVNE solution, now to be powered by MTS, provides MNOs and MVNOs with the ability to easily and rapidly acquire virtual network capabilities, without needing to change their primary business focus. MNOs and MVNOs also gain flexible service options and cross-border market presence while retaining independent business control. MVNO's using the Forum Mobile solution gain a highly customizable, turn-key solution to control pricing and product offerings that enable carriers to achieve significant savings while creating a truly global mobile experience for the end user.
"The Forum Mobile solution was designed specifically as a turn-key, outsourced solution for mobile carriers, and MTS provides the perfect back office platform," said Benny Yehezkel, Executive Vice President of Forum Mobile. "By partnering with a proven industry leader like MTS, we are able to offer our customers an effortless, cost effective solution that removes the complexities of back office operations and allows them to concentrate on revenue generating activities such as sales and marketing."
The MTS solution connects MVNOs and MVNEs to provide a complete solution for all virtual network operations by providing a full end-to end, carrier grade customer care & billing platform that supports multiple operators on a single platform. The MTS MVNO solution offers operators a quick time to market, flexible personalization, and seamless integration into their existing operations. The solution supports various lines of business and services including wireless, wireline, VoIP, IPTV, gaming, content, and more.
According to Eytan Bar, CEO of MTS, "Forum Mobile services customers of all sizes and geographies that are looking to gain a competitive advantage by outsourcing their MVNO operations while still maintaining a unique brand and product offering. These are the exact advantages the MTS solution offers. We are excited about this partnership and the opportunity it brings to both companies."
Mer Telemanagement Solutions Ltd. (MTS) is a worldwide provider of innovative solutions for comprehensive telecommunications expense management (TEM) used by enterprises, and for business support systems (BSS) used by information and telecommunication service providers.
Since 1984, MTS TEM solutions have been used by many enterprises and organizations to ensure that their telecommunication services are acquired, provisioned, and invoiced correctly.
MTS's solutions for Information and Telecommunication Service Providers are used worldwide by wireless and wireline service providers for interconnect billing, partner revenue management and for charging and invoicing their customers. MTS has pre-configured solutions to support emerging carriers of focused solutions (e.g. IPTV, VoIP, WiMAX, MVNO) to rapidly install a full-featured and scalable solution.
Headquartered in Israel, MTS markets its solutions through wholly owned subsidiaries in the United States, Hong Kong and The Netherlands as well as through OEM partnerships with Siemens, Phillips, NEC and other vendors. MTS shares are traded on the NASDAQ Capital Market (symbol MTSL). For more information please visit the MTS web site: http://www.mtsint.com.
About Forum Mobile
Quantum Telecom, Inc. d/b/a Forum Mobile is a global Mobile Virtual Network Enabler (MVNE) with international presence in the USA, China, and UK. Forum Mobile provides MVNOs with a turn-key solution portfolio and service needed for their operations, market position and business expansion - starting with infrastructure and IT through MNO agreements, applications and handsets. Forum Mobile shares are traded on the NASDAQ (symbol QTMI). For more information please visit QTMI web site: (http://www.forum-mobile.com)
Certain matters discussed in this news release are forward-looking statements that involve a number of risks and uncertainties including, but not limited to, risks in product development plans and schedules, rapid technological change, changes and delays in product approval and introduction, customer acceptance of new products, the impact of competitive products and pricing, market acceptance, the lengthy sales cycle, proprietary rights of the Company and its competitors, risk of operations in Israel, government regulations, dependence on third parties to manufacture products, general economic conditions and other risk factors detailed in the Company's filings with the United States Securities and Exchange Commission.
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