14.02.2006 13:47:00
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Convergys Receives Product Differentiation Innovation Recognition From Frost & Sullivan for Its Infinys Billing Software
PALO ALTO, Calif., Feb. 14 /PRNewswire/ -- Frost & Sullivan's recent analysis of the world communication billing market selected Convergys Corporation as the recipient of the 2006 Award for Product Differentiation Innovation in the billing software market.
In 2005, Convergys's Infinys billing software product suite was the best available when its competitor, T-Systems, agreed to license Infinys from Convergys and operate the solution for Deutsche Telekom. This remarkable partnership between Convergys, a leading billing participant and T-Systems, its competitor and one of the largest system integrators in Europe, also Convergys' second largest potential customer in the global communications marketplace, is the highest form of product praise.
"This new relationship will give Convergys's Infinys billing system the first crack at most -- if not all -- Deutsche Telekom service provider subsidiary-billing projects," says Frost & Sullivan research analyst Daniel Longfield. "Convergys's Infinys billing solution will now be used to upgrade the legacy billing systems of many of Deutsche Telekom's subsidiaries, starting with T-Systems' two major billing operations -- one for T-Com with over 40 million subscribers, and another with T-Online which has more than 10 million subscribers."
Convergys has pulled off an outstanding business deal by signing this new partnership agreement. It now has an enormously powerful systems integration company in Europe actively championing its top flight Infinys billing solution.
"The relationship with T-Systems will support Convergys's growth in Europe and gives it a great opportunity to grow market share in many markets," notes Longfield. "The agreement with T-Systems means that Convergys will be the biller of choice for the second largest international communication service provider for the next six years -- an exceptional achievement."
"We're honored that Frost & Sullivan has recognized the significance of our new partnership with T-Systems for the use of Infinys," said Convergys' Larry Schwartz, Executive Vice President of Operations for Convergys' Information Management Group. "This agreement demonstrates Infinys is the best modular business support system (BSS) software available in the marketplace today. With Infinys, T-Systems will realize the advantages of the only BSS software that drives true convergence, while enabling operators to evolve their BSS environment with minimal risk and lower total cost of ownership."
Each year, this Award is presented to a company that has best demonstrated the ability to develop and/or advance products with more innovative capabilities than competing vendors and products. This Award recognizes the company's successful adoption of new or existing technology that has become a part of its well-designed product family. Such innovation is expected to significantly contribute to the industry in terms of product performance and degree/rate of technical change.
About Convergys
Convergys Corporation is a global leader in providing customer care, human resources, and billing services. Convergys combines specialized knowledge and expertise with solid execution to deliver outsourced solutions, consulting services, and software support. Clients in more than 60 countries speaking nearly 35 languages depend on Convergys to manage the increasing complexity and cost of caring for customers and employees. Convergys serves the world's leading companies in many industries including communications, financial services, technology, and consumer products.
Convergys is a member of the S&P 500 and a Fortune Most Admired Company. Headquartered in Cincinnati, Ohio, Convergys has more than 62,000 employees in 69 customer contact centers, three data centers, and other facilities in the United States, Canada, Latin America, Europe, the Middle East, and Asia. For more information, visit http://www.convergys.com/ .
About Frost & Sullivan
Frost & Sullivan, a global growth consulting company, has been partnering with clients to support the development of innovative strategies for more than 40 years. The company's industry expertise integrates growth consulting, growth partnership services, and corporate management training to identify and develop opportunities. Frost & Sullivan serves an extensive clientele that includes Global 1000 companies, emerging companies, and the investment community by providing comprehensive industry coverage that reflects a unique global perspective and combines ongoing analysis of markets, technologies, econometrics, and demographics. For more information, visit http://www.frost.com/ .
Contact: Stacie Jones 210.247.2450 Stacie.jones@frost.com
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