Wameja Di Regulatory News (WJA)

7 Oct 2008 07:00

eServGlobal partners with Suntec for WiMax Convergent Billing 

Sydney, 7 October 2008 

eServGlobal Limited (LSE: ESG & ASX: ESV), a provider of end-to-end solutions, enabling smart communication and payment services for service providers on any generation network, today announced that it has signed a partnership agreement with SunTec, a leading provider of transaction pricing and billing solutions for the Communication, Media and Entertainment (CME) industry, to deliver a convergent billing solution targeting WiMax solutions for mobile service providers.

The global WiMax market is rapidly evolving. A recent report from Infonetics Research, (www.infonetics.com) published 22 August 2008, stated:

More than 200 networks are now being deployed and more than 100 other trials are in progress; the market will be increasingly driven by more Tier 1 operators entering the market;

Developing countries are the engine for WiMAX market growth, with Central and Eastern Europe, the Middle East and Africa, Central and Latin America, and parts of the Asia Pacific being hot-beds of activity;

In particular, India, Russia and Brazil are fast-moving markets with numerous active WiMAX operators and large populations and market conditions to give potential for strong growth; and

The number of fixed and mobile WiMAX subscribers topped 2 million worldwide in 2007 and is expected to triple by the end of 2008.

The new WiMax charging solution will combine eServGlobal's ChargingMax and SunTec's TBMS-T suite of convergent transaction pricing and billing products. eServGlobal's ChargingMax allows for a "cocktail" of services, with flexible charging to generate additional sources of revenue. Its integration capabilities and high configurability allow ChargingMax operators to maximise their return on investment with full pre-postpaid convergence on any type of network. 

SunTec's TBMS-T product suite is designed to help service providers of the Communications, Media and Entertainment (CME) industry launch new services quickly and achieve customer growth. TBMS-T's rule-based approach enables service providers to implement quick, innovative business plans, with the ability to scale up to support millions of end-customers. 

K Nandakumar, CEO, SunTec said: "eServGlobal has developed a reputation for the fast, scalable and reliable network control and rating capabilities of their products. We are pleased to combine forces with them, and in turn, to strengthen SunTec's dynamic pricing and billing offering to communications service providers."

Laurent Lafarge, Chief Executive Officer of eServGlobal said: "WiMax network operators will grow rapidly over the coming years and this partnership with SunTec will extend our strong family of partners, who provide our ChargingMax solution to their clients and increase our presence in emerging markets. This confirms eServGlobal as the network control solution of choice for billing vendors."

About SunTec

SunTec is a leading provider of convergent transaction pricing and billing solutions for Communication, Media & Entertainment (CME), Relationship-based Pricing and centralized billing solutions for Banking, Financial Services & Insurance (BFSI), and advanced meter-data management and billing solutions for Utilities industries.

Suntec's product offerings, the TBMS-F suite for BFSI, the TBMS-T suite for CME, and the TBMS-U for Utilities verticals, provide comprehensive solutions to its customers for measuring and monitoring transaction value, enabling tighter control on profitability. SunTec leverages its extensive domain experience to successfully define, design and deliver cost-effective solutions for its clients across the globe.

SunTec is a SEI CMM Level 5 certified company and its client list includes Comcast (NASDAQ: CMCSA), Cable One, Batelco, BSNL and HFCL in the CME vertical and ICICI Bank (BSE NSE: ICICI; NYSE: IBN), HSBC (LSE: HSBA; NYSE: HBC), ING Bank (NYSE: ING) and Lloyds TSB (LSE: LLOY) in the BFSI vertical. For more details, please visit www.suntecgroup.com

About eServGlobal 

eServGlobal (LSE: ESG & ASX: ESV) invents smart communication and payment services for telecommunications service providers operating on all generation networks. 

eServGlobal's innovative solutions help service providers to grow new revenues, reduce churn, and lower costs. In addition, service providers are assured of seamless evolution to new network architectures, such as IMS and beyond. As payment is crucial, eServGlobal's Charging Suite responds to increasingly sophisticated charging and billing challenges while providing advanced recharge and m-payment solutions. 

Over 80 of the world's leading service providers, with over 400 million mobile subscribers in more than 50 countries, are taking advantage of eServGlobal's end-to-end solutions and expertise to quickly deliver revenue-generating services. With 14 offices around the world and staff from 20 different countries, eServGlobal provides flexible solutions with ongoing product development, based on a deep understanding of its customers' challenges.

eServGlobal is active in the Asia-Pacific region, with significant deployments in Australia, Bhutan, China, India, Indonesia, Malaysia, Nepal, New Zealand, Singapore, and Thailand.

eServGlobal is listed on the Australian Stock Exchange (ASX: ESV) and the London Stock Exchange AIM market (LSE: ESG). In the year to 30 June 2008, eServGlobal reported a net profit after tax of A$10.4 million, up 91.5% from the previous year. A dividend of 3 cents per share was paid for the full year ending 30 June, 2008, an increase of 50% over the previous year's dividend payment. More information can be found at: www.eservglobal.com

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