TTI Telecom Signs Follow-on Contract With Startec Global Communications for Fraud Detection Application
PETACH TIKVA, Israel--(BUSINESS WIRE)--Sept. 2, 1999--
Existing NMS Customer Purchases Additional CDR-Based Functionality
TTI Telecom Ltd. (NASDAQ/NM Symbol: TTIL), a leading provider of integrated, turnkey software solutions for telecom service providers, today announced that it has signed a follow-on contract with Startec Global Communications Corporation (NASDAQ: STGC) ("Startec") for fraud detection capabilities. Startec is an international telecommunications carrier providing services to ethnic communities in major urban centers in North America and Western Europe. Installation of the FraudDetect module will commence at the end of October and run concurrently with the implementation of TTI Telecom's network management solution ("NMS") installation for Startec which was announced last May.
FraudDetect is an integrated collection of fraud detection and prevention tools that provides a broad solution to a wide range of fraudulent activities. FraudDetect applies algorithms to detect subscribers' behavioral deviations, and alerts the user of potential fraudulent use of Startec's network in both real-time and near real-time fashion. Furthermore, detection of fraudulent events is accomplished via the use of profilers and multiple agents that make the FraudDetect a very user-friendly product. Using FraudDetect, network operators have the ability to respond immediately to potential fraudulent use, such as call back, call forwarding, and area code frauds on long distance and international calls.
Meir Lipshes, Chief Executive Officer of TTI Telecom, said, "Our growth strategy is to extend the capabilities of our core NMS product suite by developing CDR-based applications, in response to requests from our existing customers. The FraudDetect module will benefit customers by providing them with a quick return on their investment and the ability to recover from lost revenue due to fraud, a growing phenomenon. Fraud is a growing concern among our customer base and we believe that this solution will assist other telecommunications service providers worldwide in preventing the loss of revenue from fraud.
"We are pleased to see an existing customer, one which is still in the process of implementing our core NMS solution, express its confidence in our technology by integrating our FraudDetect module into their network. By building on the capabilities of our Netrac-based network management solution and CDR-based applications, our FraudDetect module gives Startec the ability to combat fraud within its network and help limit the cost of illegal network usage. Our detection methods are diverse, adaptive, and dynamic, giving us the ability to stay ahead of increasingly sophisticated and imaginative methods for conducting telecommunications fraud. These are the demands of today's telecommunications industry and FraudDetect has the capability and flexibility to meet these demands."
About TTI Telecom
TTI Telecom International Ltd. develops, markets and supports advanced, modular, integrated software products and services for operations support systems ("OSS") and network management systems
("NMS") in the telecommunications industry. The Company's solutions, based on its Netrac family of products, enable telecommunications service providers to improve the quality of existing services, streamline their operations in order to compete cost-effectively, maximize the return on their investment in network infrastructure and offer new services over complex networks. The Company's products manage mission-critical functions, such as fault management, performance management, configuration management and security management. Its growing family of Netrac NMS/OSS application tools are used by telecommunications companies worldwide and include leading service providers such as Sweden's Tele2 AB, RSL-Com in the UK, Germany's VIAG Interkom, SaskTel in Canada, and HK Telecom in Hong Kong.
About Startec Global Communications:
Startec Global Communications is a dual-sided facilities-based long distance carrier that markets its services to select ethnic U.S., Canadian, and European residential communities. The Company provides its services through a flexible network of owned and leased transmission facilities, resale arrangements and a variety of operating agreements and termination arrangements, allowing the Company to terminate traffic worldwide. For more information visit our website at www.startec.com
CONTACT:
TTI Telecom International Ltd., Petach Tikva
Meir Lipshes
Chief Executive Officer
Tel: +972-3-922-1262
meirl@tti.co.il
or
Lippert/Heilshorn & Associates, Inc., New York
Jody Burfening
Tel. 212-838-3777 (ext. 304)
jody@lhai.com
KEYWORD: INTERNATIONAL AFRICA/MIDDLE EAST |
