Daleen's Billing Solutions Drive Measurable Improvements at ETB; RevChain 6.1 Delivers Faster Usage Processing; Significant Reduction of Errors.Business Editors/High-Tech Writers BOCA RATON Boca Raton (bō`kə rətōn`), city (1990 pop. 61,492), Palm Beach co., SE Fla., on the Atlantic; inc. 1925. Boca Raton is a popular resort and retirement community that experienced significant industrial development in the 1970s and 80s. , Fla.--(BUSINESS WIRE)--April 20, 2004 Daleen Technologies, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :DALN), a global provider of licensed and outsourced billing, operational support and revenue assurance solutions for traditional and next generation service providers, today reported that Phase 1 of the company's RevChain implementation at Empresa de Telecomunicaciones de Bogota (ETB ETB - End Transmission Block ) is complete and the system is producing significant improvements in the areas of usage processing and performance. This first production milestone reflects measurable and rapid progress in the revitalization of ETB's billing infrastructure through the deployment of the RevChain(R) 6.1 platform. As one of Colombia's leading telecommunications providers, ETB offers a variety of local services to more than 2 million subscribers in their principal market of Bogota and the surrounding area, and a variety of long distance services to more than 40 million people across the entire country. They selected Daleen's RevChain convergent billing platform in June 2003, replacing an existing commercial system that could not efficiently support its billing volume or performance requirements. The project is being delivered in three Phases over the course of nineteen months, an approach that allows ETB to derive the maximum benefits for its business in the quickest timeframe. Phase 1, which was initiated last year, focused on driving improvements in the area of usage processing, both in terms of speed and accuracy. RevChain has successfully reduced the amount of time previously required to import, rate, validate and store usage records by more than 95 percent, exceeding ETB's requirements and expectations. In addition, Daleen anticipates the new RevChain system will eliminate up to 80 percent of the usage processing errors ETB experienced with their former system. As a result of RevChain's broad capabilities, ETB has already been able to retire a number of internally developed support applications, further streamlining their billing operations. Daleen is implementing the latest version of its RevChain software, allowing ETB to take advantage of new functionalities and product enhancements in rate plans, usage processing and services migration. ETB is running RevChain on a powerful, yet efficient distributed hardware configuration that utilizes an HP 9000 Superdome for the database server and smaller Intel-based servers for the RevChain service applications. The RevChain system is fully integrated with ETB's proprietary SGS SGS Société Générale de Surveillance SGS Symantec Gateway Security (appliance) SGS School of Graduate Studies SGS Subgrid Scale SGS Singapore Government Securities SGS Shell Global Solutions + customer relationship management system, which allows new customer records and services orders to be automatically synchronized syn·chro·nize v. syn·chro·nized, syn·chro·niz·ing, syn·chro·niz·es v.intr. 1. To occur at the same time; be simultaneous. 2. To operate in unison. v.tr. 1. between the two systems, and eliminates the need for duplicate manual entry. "The results we've already achieved with RevChain are remarkable," said Mario Rosero Munoz, Vicepresidente de Informatica at ETB. "In just one hour RevChain is able to process what it took our old system up to 22 hours to complete. We're very pleased with Daleen's professionalism in this very complex project and the efforts of the project team in ensuring that the system will address our growing business requirements." The migration of data into RevChain from ETB's former system was facilitated by Daleen's XBi, an XML-based integration tool that utilizes streaming technology to migrate data from legacy systems in a reliable, validated manner. Built on the RevChain Java Application A Java program that is run stand alone. The Java Virtual Machine in the client or server is interpreting the instructions. Contrast with Java applet. See servlet. Layer (JAL JAL Jalisco (Mexican state) JAL Jalapa (Guatemala territorial division) JAL Jump And Link JAL Japan Airlines Company, Ltd. ), this tool is a core part of Daleen's strategy to develop and utilize highly efficient technologies and repeatable processes to streamline implementation projects with large, established service providers like ETB. By using the XBi to transform and translate data from ETB's data repositories to a RevChain schema, Daleen was able to migrate more than 6.4 million subscriber and service records that had been extracted from ETB's legacy systems into RevChain in less than 12 hours, contributing to a successful, efficient production cutover (communications, networking) cutover - /cut-ov*/ Switching from an old (hardware and/or software) system to a replacement system, covering the overlap from when the new system is live until the old system has been shut down. . One of the benefits of using an XML-based technology is that it eliminates the need for domain experts on each side to know the other's systems. For example, experts on the legacy side at ETB are not required to know J2EE (Java 2 Platform, Enterprise Edition) A platform from Sun for building distributed enterprise applications. J2EE services are performed in the middle tier between the user's machine and the enterprise's databases and legacy information systems. or RevChain, and the RevChain system does not have to be reconfigured to communicate with the legacy system. Instead, both sides can communicate using the common language of 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. . The XBi is an extensible technology that can be also be used as a bridge application to interface other systems to RevChain. It was developed using industry standard formats and technologies and low or no-cost tools. The XBi will also be used to stream orders from ETB's order management systems into RevChain, allowing ETB to synchronize See synchronization. product catalogs to ensure the integrity of their operational data. "Successful completion of a project of this scale requires proactive collaboration between teams on both sides," said Gordon Quick, 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 Daleen Technologies. "ETB has been an excellent partner through this first phase. They are fully engaged in making the project a success and we look forward to helping them realize the full potential of the RevChain platform through the remainder of the implementation." About Daleen Daleen Technologies, Inc. is a global provider of high performance billing and customer care, 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. and revenue assurance software, with a comprehensive outsourcing solution for traditional and next generation service providers. Daleen's solutions utilize advanced technologies to enable providers to reach peak operational efficiency while driving maximum revenue from products and services. Core products include its RevChain(R) billing and customer management software, Asuriti(TM) event management and revenue assurance software, and BillingCentral(R) ASP outsourcing services. The company's RevChain and BillPlex(R) products are used by customers in Europe, the Americas and Australia. More information is available at http://www.daleen.com. About ETB ETB is the most dominant telco in Colombia. It has provided local telephony services in the capital since 1884 and now has more than 2 million lines installed. Since 1998, ETB has been providing long distance services through its brand 007mundo. With it, ETB introduced a complete portfolio of Internet access See how to access the Internet. services and Internet value-added services. The company has developed the largest Internet yellow pages in Colombia called Alafija.com. In October 2002, ETB invested in a mobile telephony company that provides PCS (1) (Personal Communications Services) Refers to wireless services that emerged after the U.S. government auctioned commercial licenses in 1994 and 1995. This radio spectrum in the 1. services in Colombia. Information with Respect to Forward-Looking Statements. Statements in this release may be considered "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. These include statements regarding the intent, belief or current expectations of the Company and the assumptions on which these statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-looking statements include business concentration; the Company's ability to continue as a going concern; the Company's ability to successfully implement its aggregation strategy; the Company's inability to achieve profitability; the consequences of any default on the SVB (Switched Video Broadcast) See switched video. operating loan; customers' and potential customers' market position and lack of financial resources; the costs and success of the Company's international expansion; the ability of the Company to develop and protect its intellectual property; the Company's relationship with third party software vendors and service providers; competition; the Company's ability to retain senior management and other key personnel; low price and volatility of the Company's common stock and the impact of the delisting Delisting When the stock of a company is removed from a stock exchange. Notes: Reasons for delisting include violating regulations and/or failure to meet financial specifications set out by the stock exchange. from The Nasdaq SmallCap Market; the on-going securities class action against the Company; the risks associated with the proposed reverse stock split; claims related to liabilities associated with the Abiliti acquisition; and the rights and preferences of the series F convertible preferred stock Convertible Preferred Stock Preferred stock that includes an option for the holder to convert the preferred shares into a fixed number of common shares, usually anytime after a predetermined date. Also known as "convertible preferred shares". . These factors and others are described in the Company's most recent SEC filings including its most recently filed Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. . The Company undertakes no obligation to update the forward-looking statements in this news release. (C)Daleen Technologies, Inc. All rights reserved. Daleen, the Daleen logo, RevChain, Asuriti, BillPlex and BillingCentral are trademarks, or service marks, of Daleen Technologies, Inc. in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and other countries. All other trademarks and registered trademarks are property of their respective owners. |
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