TELARIX SECOND QUARTER RESULTS SETTING STAGE FOR MILESTONE YEAR
Demand Surges for iXLink® and ‘All-In-One’ Service Solutions
VIENNA, Va. — August 12, 2010 —Telarix, Inc., the leading provider of business information exchange and interconnect OSS/BSS solutions for content providers, IP service providers and global fixed and mobile operators, today announced it beat its own growth expectations during the second quarter, achieving a 267% increase in year over year new customer sales bookings compared to the same quarter last year and a 62% increase in revenue for the same period.
“This quarter’s results demonstrate that iXlink has become the business information exchange for the global service provider marketplace and that the company’s OSS/BSS solutions are fast becoming industry standard around the world,” said Glen Kazerman, Chief Executive Officer, Telarix. “And as Telarix OSS/BSS solutions are adopted and utilized as the industry standard, we are seeing a corollary and exponential increase in demand for our services.”
Kazerman said Telarix saw growth across all its iXTools software modules that enable Tier-1 service providers such as Verizon, T-Mobile, KDDI and others to optimize their networks with real-time intelligence, route traffic across multiple platforms, as well as track settlement charges, partner invoice reconciliation and other processes to improve efficiency and lower costs.
Telarix’s iXLink business information exchange, which provides service providers with a secure, best-in-class business-to-business exchange platform to automate their interconnect management systems, also experienced strong demand during the quarter. iXlink has begun to facilitate the true globalization of the Service Provider marketplace, which is demonstrated by the 1200 Service Providers around the globe who are currently participating in iXLINK.
“Telecommunications companies are not holding back on IT spending on Telarix OSS/BSS solutions,” said Kazerman. “Our iXTools and iXLink services are providing companies the means to increase productivity, efficiencies and achieve lower operating costs in a challenging environment.” For the first fiscal half of 2010, Kazerman said customer bookings are up 54% year over year and demand for all solutions are at an all time high.
New Services, All-in-One Service Solutions Build Best-in-Class Brand
The company’s second quarter’s results builds upon the company’s stellar 2009 year-end numbers, which saw the company achieve a 170% year over year growth increase in new customer sales bookings and a 30+% increase in its global client base. New customers that have signed agreements and have had Telarix solutions implemented include Jordan Telecom Group and Teliasonera, among others.
As the ‘go to’ company for leading edge solutions, Telarix is heavily relied upon within the telecommunications industry to develop new products and services that optimize network infrastructure, interconnection communications and management tools and other services designed to streamline operations and improve efficiency and financial performance.
In response to customer demand, Telarix recently introduced two new services critical to the industry, including:
Price List Receipt with Dial Code Mapping, which enables carriers to simplify and automate their purchasing process and take advantage of Telarix’s best-in-class dial code functionality to instantly analyze partner offers and eliminate risks associated with dial code discrepancies.
CLI Monitoring, which provides provide mobile, fixed-line and VOIP carriers the ability to accurately verify Calling Line Identification (CLI) for mobile and landline destinations worldwide.
Investor Sentiment Soars; Company Attracts Increasing Investment
The company’s fast growth and unequaled product line has also sparked investment confidence and interest. In the first quarter of the year, Telarix announced that it secured $20 million in growth capital from Brown Brothers Harriman Capital Partners III (“BBH Capital Partners”), a private equity fund sponsored by Brown Brothers Harriman & Co., and Edison Venture Fund. The new funding will support the continued growth of the Telarix iXLink business.
“Telarix’s combination of breakthrough technology, commanding market leadership and strong management team made this an attractive investment for our fund,” said Jeffrey Meskin, Managing Director and Co-Head of BBH Capital Partners. “Telarix is transforming the way carriers conduct business with one another and we are excited to support the company as it continues its track record of growth and innovation.”
Kazerman added that Telarix’s collaborative efforts with service providers, computing and platform providers, system integrators and industry associations has helped it to develop the leading-edge products and service solutions that has propelled the company to its leadership position.
About Telarix, Inc.
Telarix, Inc. delivers the leading business information exchange and interconnect OSS/BSS solutions for content providers, IP service providers and global fixed and mobile operators. iXLink is a neutral business exchange service designed specifically for the telecom industry. Created in conjunction with a number of the world’s largest telecom providers, iXLink provides a secure, reliable business-to-business information exchange platform that enables communication service providers to automate business processes as well as quickly and efficiently access and share business documents among their trading partners. Telarix's innovative platform, iXTools, provides the real-time business intelligence required to manage costs and drive profitability on interconnect networks. By analyzing both revenue and cost information associated with telecom traffic in near real-time, service providers can optimize all aspects of their interconnect business including partner agreement management, trading, traffic routing, network provisioning, billing, invoice reconciliation and dispute management. Please visit www.telarix.com and www.ixlink.com for more information.
+1 703 564 9626