724 Solutions Signs Global Agreement with a Leading Telecom Provider to Provide Its X-treme Alerts Platform to Mobile Operators.SANTA BARBARA, Calif. and CANNES, France -- 724 Solutions (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :SVNX) (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension :SVN SVN Subversion (version control system) SVN Slovenia (international traffic code) SVN Social Venture Network SVN South Vietnam SVN Secure Virtual Network SVN Supervised Visitation Network ), a leading provider of next-generation IP-based network and data services, today announced a global agreement with Ericsson (NASDAQ:ERICY), a leading telecom supplier, whereby the X-treme Alerts Platform will be available as a part of Ericsson's managed services offering of hosted content and application solutions for mobile operators worldwide. The X-treme Alerts Platform is a standards-based actionable alerting platform that allows mobile network operators and content providers a turnkey solution to easily send highly personalized, permission-based SMS (1) (Storage Management System) Software used to routinely back up and archive files. See HSM. (2) (Systems Management Server) Systems management software from Microsoft that runs on Windows NT Server. or MMS alerts to subscribers. 724's Alerts Platform is incorporated into Ericsson's managed content & application offering. Ericsson's hosted offering provides operators a cost-effective means to rapidly deliver new services to their customers and access to premium content through the Ericsson Mobility World initiative, a broad network of content and application providers that supply interesting and innovative content. "We believe this global agreement will allow mobile network operators worldwide to drive their data ARPU (Average Revenue Per User) A calculation often used to determine the overall value of an application. It is also used to rate particular customers, especially in the wireless space, by comparing someone's account to the overall average. and Alert services differentiation, as several North American mobile operators have already done," said John Sims, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of 724 Solutions. "724 Solutions is pleased with the success of the managed content offering with Ericsson and we look forward to future opportunities to help global mobile network operators expand their premium content offerings to include application-to-person services." About 724 Solutions 724 Solutions (NASDAQ:SVNX) (TSX:SVN) delivers reliable, scalable technology and solutions that allow mobile network operators to rapidly deploy flexible and open next generation IP-based network and data services. Additionally, in conjunction with mobile operator partners, the company provides a series of actionable alerting solutions to enterprises to assist them in lowering operating costs and improving customer relationship management. 724 Solutions is a global company with development operations in Canada and Switzerland with its corporate office in Santa Barbara, California Santa Barbara is a city in California, United States. It is the county seat of Santa Barbara County, California. As of the 2000 census, the city had a total population of 92,325. . For more information, visit www.724.com. Note to editors: 724 Solutions is hosting two 3GSM hospitality suites, 1.40 and 1.41, located in Hall 2, Level 1. |
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