Veramark Receives Order From Burundi
PITTSFORD, NY--(BUSINESS WIRE)--Feb. 15, 2000--Veramark Technologies, Inc. (Nasdaq:VERA - news) today announced continued success for the VeraBill billing and customer care system in Africa. Alcatel SEL AG has ordered a VeraBill system for a wireless customer in the Republic of Burundi with an initial configuration of 10,000 subscriber access lines.
Burundi, located in Central Africa, has a population of approximately six million people. The predominately agricultural economy is known for its exports of premium coffee and tea.
David G. Mazzella, Veramark President and CEO, stated, ``There are two principal target markets for VeraBill in Veramark's business strategy: industrialized economies undergoing telecommunications deregulation and emerging economies investing in new telecom infrastructure. The recent VeraBill orders in Africa illustrate the success of the second element of our strategy. We've had an opportunity to supply VeraBill to several African countries (a total of seven with this order from Burundi) that have just begun to offer cellular telephone services. Not only is there great potential because of the number of small countries in the region, but as these economies grow and industrialize there is even greater potential for expanded licenses. VeraBill is an ideal product for this market and Africa is a terrific market for Veramark.'
``For Alcatel this contract is a further step in its successful story of the cooperation with Veramark all over the world,' said Hans Loehle, Vice President of Customer Care and Billing Systems, Alcatel SEL AG. ``VeraBill's leadership in customer care and billing systems, together with Alcatel's worldwide presence and experience in the field of telecommunications helped us to achieve significant growth with the market.'
Alcatel builds next generation networks, delivering integrated end-to-end voice and data communications solutions to established and new carriers, as well as enterprises and consumers worldwide. With 120,000 employees and sales of EURO 25 billion, Alcatel operates in more than 130 countries. |
