CTI Group Unveils MagnaFlex Next-Generation Billing System.Business Editors INDIANAPOLIS--(BUSINESS WIRE)--Oct. 25, 2001 Convergent Solution Offers Fast Implementation, Flexibility, Easy Customization, Scalability for Voice, Data, Wireline, Wireless, and Internet Services CTI (Computer Telephone Integration) Combining data with voice systems in order to enhance telephone services. For example, automatic number identification (ANI) allows a caller's records to be retrieved from the database while the call is routed to the appropriate party. Group (Holdings) Inc., (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). :CTIG CTIG Counter Terrorism Intelligence Group CTIG Combat Targeting and Intelligence Group (Langley, AFB,VA Air Combat Command) ), a worldwide provider of billing management and call analysis software for the telecommunications industry, today announced the release of MagnaFlex(R), the premier, next-generation billing system that robustly supports both traditional, circuit-switched telephony billing requirements and the newer, packet-based telephony and data billing requirements of the IP (Internet Protocol See Internet and TCP/IP. (networking) Internet Protocol - (IP) The network layer for the TCP/IP protocol suite widely used on Ethernet networks, defined in STD 5, RFC 791. IP is a connectionless, best-effort packet switching protocol. ) services industry. MagnaFlex facilitates billing and customer management applications across the entire continuum of customer interfaces, enabling Web-based self-care and conventional call center customer interaction. MagnaFlex is designed with proprietary, event-driven software which is essentially "service agnostic," in that it supports an enterprise-wide billing solution which enables online, modifiable, convergent billing applications. The open architecture of MagnaFlex accommodates virtual integration with legacy infrastructures, allowing the customer to leverage current technology investments and to bridge the gap between conventional billing and the competitive demands of a convergent, Web-based, IP, and wireless environment. "MagnaFlex is a powerful billing solution for telecommunication service providers, as well as those in expanding and emerging markets." said Bill Miller, Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. of CTI Billing Solutions, Inc., a wholly-owned subsidiary of CTI Group (Holdings), Inc. "With a standard implementation time of 90 days and a choice of outsourced or in-house delivery models, MagnaFlex allows service providers to respond quickly and cost-effectively to the technological and competitive pressures facing the industry." Convergent, Event-Driven Billing MagnaFlex meets the demand for a true convergent (wireline, wireless, broadband, IP voice and data) billing solution that can accommodate any kind of billing event, from VOIP (Voice Over IP) A digital telephone service that uses the public Internet as well as private backbones instead of the traditional telephone network. Many companies, including Vonage, 8x8 and AT&T (CallVantage), typically offer calling within the country for a to `pay-per-view' content transactions. As a service neutral solution, MagnaFlex allows for rating, branding, and billing of any or all services in the provider's portfolio. Easy Integration, Modular Design In the context of systems engineering, modular design — or "modularity in design" — is an approach aiming to subdivide a system into smaller parts (modules) that can be independently created and then used in different systems to drive multiple functionalities. Due to its compatibility with a wide variety of protocols, MagnaFlex offers easy integration with all legacy OSS Oss (ôs), city (1994 pop. 62,141), North Brabant prov., S Netherlands; chartered 1399. It is a significant industrial center. Manufactures include meat products, chemicals, pharmaceuticals, electrical equipment, and metalware. (Operational Support System) components. The system is designed to expand as service requirements grow, enabling total control of the back office and operations support areas as well as the full range of billing components. MagnaFlex's high scalability also allows service providers to meet added volume as it occurs without expensive and extensive customization, or unreasonably high "add-on" expense. To meet all aspects of the end-user billing interface, MagnaFlex offers modules for electronic bill presentment and payment See EBPP. (EBP&P), rating services, payment posting, and more. MagnaFlex's product set is compatible with CTI Group's progressive, front end traffic analysis products, Nereus(R) and Proteus(R), and the company's powerful back-end customer bill analysis tool, Smart Bill(R). The ability to integrate these services as a unified, new-generation system creates a significant competitive advantage for telecommunications service provider A Telecommunications Service Provider or TSP is a type of Communications Service Provider that has traditionally provided telephone and similar services. This category includes ILECs, CLECs, and mobile wireless companies. whose customer traffic analysis and self help are not as robust. License, Service Bureau Options The service bureau alternative of MagnaFlex lets providers pay for only those services actually used. Service bureau advantages include: elimination of up-front capital investment and integration costs, choose-and-use pricing schemes, immediate scalability, and menu-driven system selection. In its licensed version, which is priced according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the provider's subscriber base, MagnaFlex frees users to invest in systems that accommodate current and short-term projected growth. Licensing ensures a low start-up cost as well as in-house oversight and control of the quality and accuracy of data. It also allows add-on capabilities in subscriber unit packages and up-front integration with existing infrastructure. MagnaFlex Now Available MagnaFlex is currently available to service providers and is backed worldwide by CTI Group's innovative and experienced installation and technical support team. For more information about MagnaFlex, contact CTI Group at 1-866-CTI-BILL (1-866-284-2455), or visit www.ctigroup.com. About CTI Group: CTI Group, through its wholly owned subsidiaries Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. , develops, markets, and supports telemanagement and billing solutions for corporate users of telecommunications services. In February 2001, CTI Group merged with Centillion cen·til·lion n. 1. The cardinal number equal to 10303. 2. Chiefly British The cardinal number equal to 10600. Data Systems, Inc. and Celltech Information Systems, Inc., creating an expanded multinational marketing presence, shared advanced technology development programs, the ability to apply proprietary billing analysis software to these programs, and convergent billing capabilities, creating a premier worldwide provider of software and services for managing billing and call record analysis for the telecommunication industry and other technology-focused industries. MagnaFlex(R), Nereus(R), and Smart Bill(R) are registered trademarks of CTI Group (Holdings), Inc. All other trademarks or registered trademarks are the property of their respective owners. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statement: This release may contain forward-looking statements that involve risks and uncertainties. These statements may differ materially from actual events or results. Readers are referred to documents filed by CTI Group with the U.S. Securities and Exchange Commission, including the Form 10-KSB for its most recent fiscal year ended March 31, 2001 and subsequent forms 10-QSB and 8-K. |
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