TEOCO Lands $40 Million Expansion for its Big Data Solutions
Fairfax, Va., 20 February 2013 – TEOCO, the leading provider of Assurance and Analytics solutions to communications service providers worldwide, announced it has closed a $40 Million multi-year expansion of its big data analytics solutions for a Tier 1 Mobile Operator. TEOCO has worked with the operator since 2008, and has deployed a variety of financial, traffic and subscriber analytics solutions to optimize business performance. The expansion introduces additional margin assurance, routing optimization and roaming analytics applications which TEOCO provides in a managed services offering.
John Devolites, TEOCO’s Vice-President and General Manager added: “TEOCO pioneered the use of big data analytics to improve business performance for telecom operators. The solutions are complex, but our approach is simple: TEOCO applies our expertise and technology to attack our customers’ biggest problems. Five years ago, our customer challenged us to add half-a-billion dollars to their bottom line through analytics-driven business optimization efforts, and I’m happy to report we’ve not only met this milestone, but are confident that our ongoing efforts will dramatically exceed that in the future.”
“This deal is one of TEOCO’s largest”, said Atul Jain, CEO, “and is a testament to the partnership and trusted advisor relationship we have cultivated with all of our customers over the years. Our various product teams work hand-in-hand to identify new ways to better control costs and optimize performance. These partnerships not only generate impressive business results and increase customer profitability, but have also helped shape TEOCO’s product evolution.”
TEOCO is the leading provider of Assurance and Analytics solutions to Communication Service Providers worldwide. TEOCO’s product portfolio includes:
- Customer Analytics – Combine profitability, quality of experience, and behavioral data to better understand, target and engage the subscriber base.
- Margin Assurance – Manage costs and revenues to understand the profitability of every transaction.
- Service Assurance – Resolve faults, maximize performance & utilization, and improve customer experience.
- Network Optimization – Optimize radio access networks to reduce costs while improving coverage, capacity, and quality of the network.
Since 1995, TEOCO has helped over 140 of the largest service providers around the world to manage and evolve their businesses efficiently and profitably, while enhancing the customer experience. TEOCO is widely recognized for its commitment to principled entrepreneurship, business ethics and employee ownership with a particular emphasis on its core values of alignment with employees, clients and community.