Computerworld Honors MetraTech with Innovative Technology Award.Business Editors/High-Tech Writers WALTHAM, Mass.--(BUSINESS WIRE)--Oct. 1, 2002 Leading IT News Publication Cites Software Company's Success in Helping Customers Achieve Business Payback Payback The length of time it takes to recover the initial cost of a project, without regard to the time value of money. MetraTech, a leading provider of billing, customer care and revenue sharing revenue sharing Funding arrangement in which one government unit grants a portion of its tax income to another government unit. For example, provinces or states may share revenue with local governments, or national governments may share revenue with provinces or states. software, today announced it was awarded Computerworld's Innovative Technology Award. Customers submitted nominations citing a company whose technology produces tremendous benefits for them. As one of only 10 winners, MetraTech was honored as a vendor offering cutting-edge technology that's creating quantifiable business value for its customers. ACT Teleconferencing, Inc. (Nasdaq: NM-ACTT), an independent worldwide provider of audio, video and web-based conferencing products and services, is a prime example of how MetraTech's cutting edge Web services-based billing, customer care and revenue sharing technology is helping customers solve business problems and cut costs. MetraTech partnered with ACT to meet the complex challenge of billing for multipoint conferencing Same as teleconferencing. This is a rather redundant phrase, because conferencing implies three or more participants, rather than point-to-point between two people. . Using MetraNet(TM), ACT was able to consolidate billing for 20 domestic and international call centers; shrink billing cycles Billing cycle The time elapsed between billing periods for goods sold or services rendered. from 30 days to one, increasing cash flow; recoup recoup To sell an asset at a price sufficient to recover the original outlay or to offset a previous loss. its investment in 18 to 24 months; and save "a couple of million dollars a year" through improved billing accuracy, eliminating re-billing and having a smaller support staff. 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. Computerworld, evaluations of the nominated companies were based on the following criteria: -- The company's technology is innovative and original; -- It offers demonstrable value to corporate IT operations in Fortune 1,000 companies; -- It creates a new advantage or opportunity for customers; -- Customers have successfully implemented the technology and are getting measurable payback or competitive advantage from it; and -- The technology will continue to change the way companies do business or solve technology problems into the future. "It's an honor that Computerworld and their independent panel recognized the quantifiable business value that our billing software delivers to our customers," said Scott Swartz, president and 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 MetraTech. "Our mission has always been to solve our customers' billing problems in the fastest, most efficient way possible. Our Web services-based architecture allows both emerging and established service providers, like ACT, to reduce integration challenges by leveraging existing infrastructure, speed time-to-market for new services and dramatically lower total cost of ownership and improve profitability." The profile on MetraTech and ACT was featured in the magazine's Sept. 23 issue. It is also available on the Web at: http://computerworld.com/news/2002/story/0,11280,74391,00.html About Computerworld Computerworld is the only integrated media company focused exclusively on the information needs of IT Leaders - those who manage and implement technology in Global 2000 organizations. The company's flagship weekly newspaper - along with its Computerworld.com Web site and conference series for IT Leaders - form the U.S.-based hub of the world's largest (58-edition) worldwide IT media network. Publishing since 1967, Computerworld has been recognized numerous times by Folio (1) Text management software for the professional reference publishing market from Fast Search & Transfer, Oslo, Norway and Boston, MA (www.fastsearch.com). Known as FAST Folio since its acquisition in 2004 from NextPage, Inc. : Magazine and the Computer Press Association as the best computer newspaper, and was named to the "Media Power 50" in 2002 by Crain Communications' BtoB Magazine. Winner of more than 70 print and online editorial awards since 1998, Computerworld has a newspaper circulation of 202,000, a total print audience of 1,539,000 (according to IntelliQuest CIMS CIMS Courant Institute of Mathematical Sciences (New York University) CIMS Center for Integrated Manufacturing Studies (Rochester Institute of Technology) CIMS Chemical Ionization Mass Spectrometry v.8.0), and an online audience of 800,000 unique monthly visitors (according to DoubleClick). Breaking news and resources for IT Leaders are available at www.computerworld.com. Computerworld is a business unit of IDG IDG International Data Group IDG Integrated Drive Generator IDG Installation Design Guide IDG Internet Discussion Group IDG Inset Dielectric Guide IDG International Dangerous Goods (mail, shipping) , the world's leading technology media, research and event company. IDG publishes more than 300 magazines and newspapers and offers online users the largest network of technology-specific sites around the world through IDG.net (www.idg.net), which comprises more than 330 targeted Web sites in 80 countries. IDG is also a leading producer of 168 computer-related events worldwide, and IDG's research company, IDC, provides global market intelligence and advice through 51 offices in 43 countries. Company information is available at www.idg.com. About MetraTech MetraTech Corp. is a leading provider of billing, customer care and revenue sharing software for established and emerging communications service providers A Communications Service Provider or CSP is a company that transports information electronically. The term encompasses public and private companies in the wireline, wireless, Internet, cable, satellite, and managed services businesses. . The MetraNet(TM) XML-based billing platform easily integrates with existing infrastructure and third-party applications and enables customers to turbocharge tur·bo·charge tr.v. tur·bo·charged, tur·bo·charg·ing, tur·bo·charg·es 1. To equip with a turbocharger. 2. their IT assets to extend their capabilities and achieve a competitive advantage. With MetraNet, companies can dynamically offer new services as well as package their existing services in new ways through licensing or a fully outsourced solution. Only MetraTech provides pricing, revenue sharing and billing capabilities using XML XML in full Extensible Markup Language. Markup language developed to be a simplified and more structural version of SGML. It incorporates features of HTML (e.g., hypertext linking), but is designed to overcome some of HTML's limitations. and plug-and-play Web services (1) Loosely, any online service delivered over the Web. Such usage appears in articles from non-technical sources, but not in IT-oriented publications, because definition #2 below describes the correct use of the term. . MetraTech is based in Waltham, Mass., with offices in Oxford, England. For more information, please visit www.metratech.com or call 781-839-8300. MetraTech is a registered trademark, and the MetraTech logo is a trademark of MetraTech Corp. All rights reserved. |
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