Apogee Networks Receives Prestigious Frost & Sullivan Product Innovation Award for Its Unique Usage-Based Chargeback Billing Solution.Business Editors & High-Tech Writers SAN JOSE San Jose, city, United States San Jose (sănəzā`, săn hōzā`), city (1990 pop. 782,248), seat of Santa Clara co., W central Calif.; founded 1777, inc. 1850. , Calif.--(BUSINESS WIRE)--March 27, 2001 Apogee Networks Continues to Garner Industry Recognition Frost & Sullivan announces Apogee Networks is a recipient of the prestigious 2001 Market Engineering Product Innovation Award for its usage-based chargeback Chargeback The charge a credit card merchant pays to a customer after the customer successfully disputes an item on his or her credit card statement. Notes: Customers dispute charges to their credit card usually when goods or services are not delivered within the billing solution NetCountant Accountability. Apogee Networks has received several industry awards for its products, which address various emerging needs in the areas of IP and content billing. As Service Providers and Enterprise networks migrate to IP platforms, new business models are required to ensure profitability in a volatile marketplace. The ability to bill for content or chargeback on a usage-basis is mission-critical. These requirements are complex and varied. Apogee Networks has demonstrated industry leadership with solutions that enable its customers to improve their IP network ROI (Return On Investment) The monetary benefits derived from having spent money on developing or revising a system. In the IT world, there are more ways to compute ROI than Carter has liver pills (and for those of you who never heard of that expression, it means a lot). both in the Enterprise and Service provider space. The company existing product line offers significant benefits for various aspects of IP billing. NetCountant Accountability has achieved impressive results for global enterprise customers. Managing IP bandwidth costs is a major issue as the demand for enhanced services consumes capacity and IP network budgets. Until Apogee Networks' NetCountant Accountability solution was developed, usage-based chargeback billing capabilities were not available for Enterprise clients. Apogee Networks' customers include Fidelity, BT, CSC, NCR (NCR Corporation, Dayton, OH, www.ncr.com) A technology company specializing in financial terminal transactions, retail systems and data warehousing. Until the late 1990s, NCR was heavily invested in the hardware side of the industry, known worldwide as a major manufacturer of computers , Texaco and Cornell University Cornell University, mainly at Ithaca, N.Y.; with land-grant, state, and private support; coeducational; chartered 1865, opened 1868. It was named for Ezra Cornell, who donated $500,000 and a tract of land. With the help of state senator Andrew D. as well as conglomerates in the entertainment, pharmaceutical, government, manufacturing and utility sectors. The Frost & Sullivan Market Engineering Product Innovation Award is bestowed to companies demonstrating excellence in new products and technologies within their industry. Award recipients must meet specific criteria such as significance of new products in their industry, product innovation in terms of unique or revolutionary technology and number of competitors with similar products. "From what we have seen, Apogee Networks has developed impressive IP billing solutions. Their scalability is well ahead of the rest of the market. Looking ahead to next generation applications, they have developed wireless content billing, as well as royalty settlement capability for copyrighted material accessed online," says Jon Arnold, Frost & Sullivan VoIP Equipment Industry Manager. "They understand the drivers of the IP billing business model and we like the fact they are focused on where the market is going rather than where it has been. Their NetCountant Accountability product in particular appears to address some very real issues that no one else has been able to tackle in the Enterprise space. We see them as the leader in usage-based chargeback billing and they seem to have the capability to maintain this position. Their products clearly have industry acceptance and we are pleased to contribute our recognition in support of their market-leading efforts," Arnold added. "Apogee Networks is honored to receive the prestigious Frost & Sullivan award A Sullivan Award may refer to:
See: Collateralized mortgage obligation CMO See collateralized mortgage obligation (CMO). . "We are very proud of our achievements in the Enterprise and Service provider arenas. NetCountant Accountability enables global 2000 enterprises to realize millions of dollars in cost savings for IP network expenditures, as well as the rapid implementation of new services and applications. Additionally, NetCountant Accountability provides IT managers with greater visibility into the network's performance as well as providing the only industry solution to bill back actual bandwidth consumption to the user of the network. Greater control, increased visibility and cost savings are what our customers experience when they implement NetCountant Accountability." Apogee Networks will be exhibiting their award winning products in booth 2301 at the ISPCON ISPCON Internet Service Provider Convention (The Golden Group, Inc.) Spring 2001, Baltimore, Md., April 4-6, 2001. About Frost & Sullivan Frost & Sullivan, a global leader in international strategic market consulting and training, presents Market Engineering Awards to companies that demonstrate the diligence, perseverance, and dedication required to develop a successful business plan and excel in the increasingly competitive global marketplace. Frost & Sullivan rigorously analyzes specific criteria to determine Market Engineering Award recipients in a variety of regional and global market landscapes. Founded in 1961, Frost & Sullivan is headquartered in San Jose, Calif. with offices located worldwide: New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , San Antonio San Antonio (săn ăntō`nēō, əntōn`), city (1990 pop. 935,933), seat of Bexar co., S central Tex., at the source of the San Antonio River; inc. 1837. , Toronto, London, Paris, Frankfurt, Beijing, Tokyo, Singapore, Mumbai and Kuala Lumpur Kuala Lumpur (kwä`lə l  m`pr), city (1990 est. pop. . For further information, visit http://www.frost.com. About Apogee Networks Headquartered in Saddle Brook, N.J., Apogee Networks Inc. is the recognized leader in developing and deploying advanced Content, and IP Rating, Billing and Settlement solutions for IP Content Distributors, ASPs, ISPs, Carriers, Wireless Internet Providers and Enterprise customers. Apogee Networks' NetCountant(R) product line provides full end-to-end content, revenue settlement and IP billing capabilities. Uniquely, NetCountant Billing provides real-time billing, flexible service creation and high scalability to meet the challenges of rapid customer growth. Apogee Networks' NetCountant Content Collection and NetCountant Settlement platforms provide advanced IP Content aggregation, processing and revenue settlement capabilities for Content Distributors. NetCountant Accountability provides Global 2000 Enterprise and IP Network customers with the capability to better manage and allocate IP usage thereby realizing significant bandwidth cost savings. The company's products were recently awarded COMNET COMNET - A simulation tool from CACI for analysing wide-area voice or data networks, based on SIMSCRIPT. 2001 New Product Achievement Award, Internet Telephony Another term for IP telephony and VoIP. In the late 1990s, some people made a distinction between Internet Telephony and VoIP: Internet telephony referred to voice over the public Internet, while VoIP referred to voice over private IP networks. (R) magazine's Product of the Year Award, Telestrategies and TeleOSSOurce magazine as a Finalist and Runner Up for the Best New Company, Telecom Business 500 and Networld+Interop's Best-of-Show Award. Apogee Networks is a Charter member of the Internet Protocol Detail Record (IPDR IPDR Internet Protocol Detail Record Organization IPDR Internet Protocol Detail Record IPDR International Project Development Roadmap (Canada) IPDR Internal Preliminary Design Review IPDR Individual Program Data Records ) Association. Apogee Networks investors include Cisco Systems, Fidelity Ventures Limited, Granite Ventures, Oak Investment Partners, INTEL, BBVA BBVA Banco Bilbao Vizcaya Argentaria (First Bank of Spain) , Net One Systems Co. Ltd., CTC CTC - Cornell Theory Center , and several private investors. For additional information about Apogee Networks, please call 888/APOGEE3 (276-4333), 201/368-8800, or email info@apogeenetworks.com or visit us at http://www.apogeenetworks.com. |
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