PRESS RELEASE - JUNE 5, 2018
LogiSense, a global usage and subscription based billing solution provider, announced today that Ribbon Communications Inc. (Nasdaq: RBBN), a global leader in secure and intelligent cloud communications, has selected LogiSense to enhance its Service Provider solution portfolio by integrating white label billing and monetization capability into the Kandy Communications Platform as a Service (CPaaS).
As noted in this article from McKinsey & Company, just a few years ago, messaging, fixed voice, and mobile voice services from OTT players accounted for 9, 11, and 2 percent of relevant revenue, respectively In the most aggressive scenario, the share of messaging, fixed voice, and mobile voice provided by OTT players could be at 60, 50, and 25 percent, respectively, by 2018 in an all-IP environment. According to Ovum, this will likely result in a drop in spending on traditional communication services by 36 percent over the next ten years, further pushing incumbent telcos to the margins of voice and data provision.
Residential and business users expect their carriers to provide the same level of flexibility and functionality they currently obtain from over-the-top (OTT) applications. Ribbon's Kandy Platform Solutions allow Communication Service Providers (CSP) to extend the reach of their communications services into any device, on any network, and swiftly add real-time communications into any application.
By extending its platform with LogiSense's end-to-end monetization capabilities, Ribbon is able to provide a solution that better enables CSPs to get to market dramatically sooner. It will also support customer centric business models and do so with a much lower cost of ownership by removing the burden on the carrier of having to integrate next generation CPaaS services with their existing billing and customer care infrastructure.
EngageIP is LogiSense’s award-winning platform that provides the most agile usage rating and subscription billing possibilities in today’s climate driven by fast-paced change. Designed for the UCaaS, CCaaS and IoT markets, the EngageIP real-time solution is packed with market-verified scalability and flexible functionalities that enable companies to evolve, leverage change and discover new revenue streams.
LogiSense provides licensed and Software-as- a-Service (SaaS) usage rating, mediation and subscription billing solutions for the Internet of Things, Telecommunications, Unified Communications and Enterprise service providers. LogiSense’s carrier-grade solutions are built on its proprietary, real-time usage rating and subscription billing platform, EngageIP. LogiSense designed EngageIP from the ground-up to be service, medium and provider agnostic, enabling it to grow with customers as they evolve their business operations and end user offerings. EngageIP provides the flexibility and scalability to address the service, billing and back-office realities facing today’s rapidly-evolving communications service providers. Founded in 1998, LogiSense currently enables service provides across the globe with a platform that processes billions of usage events, and subscriptions per month. More info: www.logisense.com | Twitter: @LogiSense | Linkedin: LogiSense on Linkedin
About Ribon Communications
Ribbon Communications Inc. (Nasdaq: RBBN) is a company with two decades of market leadership experience in providing secure real-time communications solutions to the top service providers and enterprises around the globe. Built on world-class technology and intellectual property, Ribbon delivers highly reliable, unified and embedded real-time communications capabilities to customers in more than 25 countries and on 6 continents. The Company transforms fixed, mobile and enterprise networks from legacy environments to all IP and fully virtualized, secure, cloud-based architectures, enabling highly productive communications for consumers and businesses. Ribbon's market-leading communications security solutions are based on a big data behavioral analytics platform and offer customers enhanced network intelligence and security. The Company's Kandy Communications Platform as a Service (CPaaS) enables rapid service creation and digital transformation by delivering customers a comprehensive set of advanced embedded and unified communications capabilities. To learn more, visit ribboncommunications.com