Trading at over 2 in premarket. Nice news out:
Sprint E 5/8Solutions Selects Portal Software's Infranet to Deliver Billing Efficiency
CUPERTINO, Calif.--(BUSINESS WIRE)--Aug. 28, 2001--Portal Software, Inc. (Nasdaq:PRSF) announced today that it has been selected by Sprint Corp. (NYSE:FON, PCS) to provide its industry-leading customer management and billing platform, Infranet(R). Infranet will support Sprint E 5/8Solutions' portfolio of Internet and professional services.
"Our Internet and managed services customers require innovative solutions for their increasingly complex and rapidly evolving environments. Portal's Infranet provides Sprint E 5/8Solutions the robust flexibility we need to craft customer-friendly integrated offerings," said Chris Clark, vice president, product management Global SprintLink. "In addition, Portal's open architecture will allow us to have our billing platform live in record time."
Infranet will enable Sprint E 5/8Solutions to efficiently bill for services including complex product promotions and discounting. Infranet provides a flexible, scalable billing solution that will support Sprint's expanding customer base to enable the company to launch new services quickly and control revenue leakage.
"Sprint E 5/8Solutions sets itself apart from its competitors with its full service offering that includes Internet transport, hosting, security, consulting and managed services. Infranet provides a platform that will allow Sprint to further differentiate its offerings with flexible pricing, bundling and cross-product promotions," said Steve Sommer, vice president business development and marketing at Portal Software. "Portal and Sprint have had a long standing relationship and it is exciting to be part of this new initiative."
About Sprint
Sprint is a global communications company serving 23 million businesses and residential customers in more than 70 countries. With more than 80,000 employees worldwide and $23 billion in annual revenues, Sprint is widely recognized for developing, engineering and deploying state of the art network technologies, including the United States' first nationwide all-digital, fiber-optic network. Sprint's award-winning Tier 1 Internet backbone is being extended to key global markets to provide customers with a broad portfolio of scalable IP products. Sprint's high-capacity, high-speed network gives customers fast, dependable, non-stop access to the vast majority of the world's Internet content. Sprint also operates the largest 100-percent digital, nationwide PCS wireless network in the United States, already serving the majority of the nation's metropolitan areas including more than 4,000 cities and communities.
About Portal Software, Inc.
Portal Software develops customer management and billing software for communications and content service providers. Portal's real-time, convergent platform enables its customers to rapidly create, deploy, and bill for services with flexible business models. Portal's software is licensed by a majority of the world's largest communications providers to deliver voice, data, video, and content services across wireless, wireline, cable, and satellite networks. Customers include Vodafone, AOL Time Warner, Deutsche Telekom, NTT, WorldCom, China Telecom, Reuters, Telstra, Sprint, China Mobile, Telenor Mobil, and France Telecom.
Note to Editors: Infranet is a U.S. registered trademark, and Portal and the Portal logo are trademarks of Portal Software, Inc. All statements made in this press release are made only as of the date set forth at the beginning of this release. Portal undertakes no obligation to update the information in the event facts or circumstances subsequently change.
In the company name Sprint E 5/8Solutions noted in this news release, there is a pipe symbol between E and Solutions. This symbol may not appear properly in some systems.
CONTACT: Portal Software, Inc.
Christina Dort, 408/572-2425
cdort@portal.com
or
Sprint E 5/8Solutions
Katrina Bawcom, 972/405-5544
Katrina.bawcom@mail.sprint.com |
