Covault and Numerex Partner to Provide Event-based Billing to Wireless Carriers.Business Editors, Hi-Tech Writers SEATTLE--(BUSINESS WIRE)--Oct. 4, 2001 Solution to Capture and Bill for Premium Wireless Data Services Covault(TM) Corporation, a leading provider of wireless data billing solutions, and Numerex Solution LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , a subsidiary of Numerex Corp. (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 : NMRX), a leader in wireless data communications data communications, application of telecommunications technology to the problem of transmitting data, especially to, from, or between computers. In popular usage, it is said that data communications make it possible for one computer to "talk" with another. , have entered into an agreement to provide event-based billing solutions to wireless carriers. Utilizing Covault's Billing Record Exchange software platform, BRX BRX Bronx BRX Business Referral Exchange BRX Brevis radix (gene of Arabidopsis thaliana) BRX Big Red X (game) BRX Bronze Cross (lifesaving) BRX Browsing Index (TM) and Numerex's Data1Source(TM) Short Message Service (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. ) service bureau, the alliance allows service providers to capture, rate and bill premium wireless data services on a transactionary basis. Wireless carriers can move away from flat rate or subscription pricing and begin offering value-based billing. While cooperating with existing billing systems, Covault's patent-pending BRX(TM), utilizes configurable usage capture processes and a conditional formula-based rating engine allowing carriers to rapidly implement new services and to adjust their rate plans to meet ever-changing needs. BRX can add billing records to existing bills and allows carriers and subscribers to access their billing and usage details online. Already serving many wireless operators in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. , Data1Source's proprietary and patent pending technology provides TDMA (Time Division Multiple Access) A satellite and cellular phone technology that interleaves multiple digital signals onto a single high-speed channel. For cellular, TDMA triples the capacity of the original analog method (FDMA). , CDMA (Code Division Multiple Access) A method for transmitting simultaneous signals over a shared portion of the spectrum. The foremost application of CDMA is the digital cellular phone technology from QUALCOMM that operates in the 800 MHz band and 1.9 GHz PCS band. and GSM wireless carriers with a broad range of services including Web-based and e-mail-based text messaging Sending short messages to a smartphone, pager, PDA or other handheld device. Text messaging implies sending short messages generally no more than a couple of hundred characters in length. , two-way messaging, SMS Touch-Tone(TM) paging, subscriber-customized Internet content, and over-the-air digital handset programming. Data1Source SMS functionality is attainable without requiring a large capital investment for additional hardware. "We are very excited to partner with Numerex and offer wireless carriers the opportunity to broaden their offerings and expand their revenue opportunity in the process," said Covault 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. Marc Della Torre. "By utilizing BRX, wireless carriers are enabled in a cost effective way to profit from data services by eliminating revenue leaks and adding the ability to bill for premium content." "Covault's ability to provide wireless carriers with a robust, event-based billing solution will increase penetration of wireless data services," explained Greg Hull, VP of Wireless Internet Solutions for Numerex. "We are pleased to work with Covault to expand the penetration of Data1Source with monetized transaction-based services." About Covault Established in 2000, Covault Corporation designs billing infrastructure software for wireless network carriers and mobile virtual network operators. Covault's patent-pending technology solves industry-wide problems caused by limitations in current billing systems. With Covault's solution, wireless service providers are able to rate and bill for the actual usage of premium services enabling value-based billing. BRX provides unprecedented power and flexibility through its variable usage capture abilities and conditional formula-based rating features. Covault is privately held and is based in Seattle, Washington. www.covault.com About Numerex Numerex is a technology company comprised of operating subsidiaries that develop and market a wide range of communications products and services. The Company's primary focus is wireless data communications utilizing proprietary network technologies. The Company offers products and services in wireless data communications through Cellemetry and Data1Source(TM) and digital multimedia through PowerPlay(TM) and IPContact(TM). Customers around the globe use Numerex services to monitor and move information for a variety of applications. For more information on Numerex, please visit: www.nmrx.com. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion