Wireless Services Corporation and Covault Corporation Announce Strategic Partnership Aimed At Increasing Wireless Carrier's Revenue.Business/High Tech Editors BELLEVUE, Wash.--(BUSINESS WIRE)--Sept. 25, 2001 Wireless Services Corporation, a full service provider of wireless data delivery solutions, and Covault(TM), a leading software infrastructure provider for wireless data billing, have entered into a strategic agreement to provide wireless carriers, regardless of size or number of subscribers, innovative billing solutions designed to substantially increase revenue that is currently unattainable. One-time events (such as downloading ring tones) are extremely difficult for wireless carriers to capture and quantify. Now, with the combined services of Covault and Wireless Services Corporation (WSC WSC Winter Symposium on Chemometrics WSC Winter Simulation Conference WSC Wayne State College WSC Westfield State College (Westfield, MA) WSC Western State College (Colorado) ), such events can be tracked and posted as line items on the subscriber's bill 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 type of application, roaming status, the time of day, the type of user or any other multitude of contributing factors. The partnership provides a solid solution that wireless carriers can employ to not only generate additional revenue yet also fully capture the associated revenue with existing data services. Many popular services can now be billed directly to the subscriber's wireless phone bill on a one-time or periodic basis or paid for through a prepaid pre·pay tr.v. pre·paid, pre·pay·ing, pre·pays To pay or pay for beforehand. pre·pay  ment n. solution. These combined technologies provide mediation services and event-based billing to any size wireless carrier. WSC will back the solution with its Wireless Application Delivery Platform (WADP WADP World Association for the Development of Philately WADP World Association for Dynamic Psychiatry ) server software that processes and tracks the delivery of any wireless data to any device across any network in the world. The WADP is currently operating within several wireless carriers. Additionally, WSC will provide 24/7 services through its Virtual Network Operations Center See NOC. Network Operations Center - (NOC) A location from which the operation of a network or internet is monitored. Additionally, this center usually serves as a clearinghouse for connectivity problems and efforts to resolve those problems. (VNOC) and secure server installations. Covault's patent-pending 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)) works in conjunction with the carrier's existing billing system. Through its adaptable usage capture process and conditional formula-based rating engine, BRX can add billing records to existing bills or use alternate payment sources, such as Stored Value accounts. Carriers and subscribers can access their billing and usage details online. "Wireless carriers understand the limitations in current-generation billing software, which have hampered deployment of new services and left carriers unable to fully exploit their revenue potential. That problem can be fixed today," said Gowri Shankar, Vice President of Sales for Wireless Services Corporation. "The combined platforms and technology that Covault and WSC provide play to the strength of current billing systems, and then add flexibility and a new layer of functionality and features. Covault's approach is smart, innovative and it works." "If there was ever a time in the industry when it was critical to impact the bottom line, that time is now," 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 The Della Torre (or Torriani, Italian for "Of the Tower") were an Italian noble family who rose to prominence in Lombardy during the 12th-14th centuries, until they held the seigniory of Milan before being ousted by the Visconti. . "We believe that Covault has the answer. Carriers will be able to harvest revenue and profits from existing network usage with the mediation capability that BRX can provide. We have integrated our products and platforms to provide the carrier with a new layer of billing functionality that will change how everyone in the wireless world looks at new products and services. This is innovation." About Wireless Services Corporation Founded in 1996, Wireless Services Corporation (http://www.wirelesscorp.com) is the leader in designing and operating application delivery platforms for wireless telecommunications networks A telecommunications network is a of telecommunications links and nodes arranged so that messages may be passed from one part of the network to another over multiple links and through various nodes. . Wireless Services' unique expertise is in its ability to provide universal wireless data applications to any wireless provider regardless of their current or future network infrastructure. The company provides telco-level reliability coupled with a full-service, 24X7 operations team. With more than five years of operational history, Wireless Services Corporation can easily facilitate the global delivery of email, commerce services and proprietary data to virtually any wireless device. The company is headquartered in Bellevue, Washington Bellevue is a rapidly growing city in King County, Washington, U.S., across Lake Washington from Seattle. Long known as a suburb or satellite city of Seattle,[1] it is now categorized as an edge city or a boomburb. . About Covault Established in 2000, Covault Corporation specializes in delivering a billing record exchange software platform to wireless network carriers and mobile virtual network operators A Mobile Virtual Network Operator (MVNO) is a company that provides mobile (sometimes called wireless or cellular) telephone service but does not have its own allocation of the radio frequency spectrum nor all of the infrastructure required to provide mobile telephone service. . Covault's patent-pending technology solves an industry-wide problem found amongst these service providers caused by limitations in their current billing systems. Covault's BRX(TM) software provides unprecedented power and flexibility through variable usage capture and conditional formula-based rating features. BRX customers are now able to rate and bill for actual subscriber usage of premium services. With an increasing demand for applications, Covault's 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. enables service providers and their content providers with the support for the underlying economics driving innovation and adoption. Covault is privately held and is based in Seattle, Washington  This page is protected from moves until disputes have been resolved on the .The reason for its protection is listed on the protection policy page. . For more information visit our website at www.covault.com or contact us at 206/812-1775. |
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