Veramark Signs Distribution Contract With Nokia Telecommunications
PITTSFORD, NY--(BUSINESS WIRE)--January 28, 1999--Veramark Technologies, Inc. (Nasdaq National Market:VERA) today announced the signing of a worldwide distribution contract with Nokia Telecommunications. Under the agreement, Nokia will offer Veramark's VeraBill billing and customer care software with Nokia switches, to wireless and wireline carriers.
VeraBill is a comprehensive billing and customer care system for wireline, wireless and other network service providers, with up to 400,000 subscriber access lines. Twenty-two VeraBill systems are installed and operating today, providing billing and customer care services for carriers on five continents. Since October 1997, VeraBill has been supporting a Nokia customer in Germany, providing service to fixed line subscribers through a Nokia DX220 switch.
Commenting on the contract, David G. Mazzella, Veramark's President and CEO, stated, "Nokia is unquestionably one of the world's leading and most technologically advanced telecommunications equipment suppliers. We are very proud to announce this contract which formalizes the growing relationship we have shared with Nokia for the past year. Since our first installation of a VeraBill system for Nokia, Veramark has enjoyed a rapidly growing installed base of customers. This expanded distribution relationship with Nokia reflects and adds to our growing stature in the billing and customer care industry."
Veramark Technologies, Inc. is engaged in the design, production and servicing of telecommunications management and billing systems for users and providers of telecommunications services in the global market.
Nokia is the world's leading mobile phone supplier and a leading supplier of mobile and fixed telecom networks including related customer services. Nokia also supplies solutions and products for fixed and wireless datacom, as well as multimedia terminals and computer monitors. In 1997, net sales totaled FIM 52.6 billion ($ 9.8 billion). Headquartered in Finland, Nokia is listed on five European Stock Exchanges and on the New York Stock Exchange (NOK.A), has sales in 130 countries and employs more than 42,000 people worldwide. |
