Veramark and Ericsson Sign Reseller Agreement for VeraBill
Business Wire - August 18, 1999 09:40
PITTSFORD, NY--(BUSINESS WIRE)--Aug. 18, 1999--Veramark Technologies, Inc. (Nasdaq:VERA) today announced the signing of an important reseller license agreement with Ericsson Telecom S.A. de C.V. Under the agreement Ericsson will license and provide support of the VeraBill billing and customer care system to Ericsson customers in fast growth wireless and wireline markets in Mexico, Central America and the Caribbean.
VeraBill is Veramark's convergent billing and customer care system for providers of wireline, wireless, paging and data transmission services. The target market for VeraBill includes emerging carriers, competitive telecom service providers and legacy operators deploying new network services. There are 26 VeraBill systems installed on five continents including wireline and wireless companies in South America and the Caribbean.
Ericsson Telecom S.A., with headquarters in Mexico City, is a wholly owned subsidiary of LM. Ericsson AB (Nasdaq:ERICY) Stockholm, Sweden. Ericsson is one of the world's leading providers of telecommunications equipment with over 100,000 employees worldwide. Prior to the signing of this agreement, Ericsson had selected VeraBill for resale to Telbo N.V., its customer on Bonaire in the Netherlands Antilles. Implementation of VeraBill at Telbo is currently in process
David G. Mazzella, Veramark's President and CEO, stated, "The selection of VeraBill for resale by Ericsson Telecom is a gratifying endorsement for both our product and our company. It supports our belief that VeraBill is the premier billing and customer care product for innovative telephone companies and network service providers in a highly competitive arena. The Central American-Caribbean market is a very fertile environment for deregulation and the introduction of new technologies in both the Wireleine and Wireless Market. Both trends are similarly driving demand for VeraBill worldwide. We expect Ericsson to do exceptionally well with VeraBill in this region."
"Raul Lucido, Strategic Planning & Marketing Vice President of Ericsson Telecom S.A., added, "Considering functionality and cost to license and operate, VeraBill is the best billing and customer care system available for our emerging carrier customers in Mexico, Central America and the Caribbean. Ericsson's sales and support staff in the region is preparing to meet the robust demand for VeraBill we anticipate." <snip>
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