Overland Park, Kan., Jan. 21, 2015 (GLOBE NEWSWIRE) -- Cartesian™ (Nasdaq:CRTN), a specialist provider of consulting services and managed solutions to the global communications, technology and digital media industries, today announced that it has been awarded a one-year extension of an ongoing managed analytics contract with a major global telecommunications provider. The tier one operator has been utilizing Cartesian's Managed Analytics offering, which was launched last year, for sales and marketing insights, including real-time monitoring, testing, refinement and optimization of channel performance.
"Our Managed Analytics offerings are building momentum, and we are excited to be advancing our work on this critical engagement with this tier 1 service provider. We feel that their ongoing commitment to our collaboration is a testament to our ability to deliver a positive ROI on our Managed Analytics offering, and we continue to see good opportunities in the underserved area of managed intelligence," said Philipp Muelbert, Managed Analytics Global Practice Lead at Cartesian.
Leveraging its cloud-based Ascertain® platform, Cartesian provides new insights into sales growth drivers, offering mix, as well as lifetime value across a range of segments. Working in close collaboration with the service provider's team, Cartesian delivers strategies to optimize channel performance to dynamically respond to continuously changing market conditions. The initiative has resulted in a measurable improvement in channel growth and profitability, contributing to overall financial results.
Built on the award winning Ascertain platform, Cartesian's Managed Analytics offering combines fully managed, flexible and adaptable analytics tools with deep industry expertise, providing clients with actionable insights based on their unique situation. To addresses the complex needs of companies operating within the telecommunications, media and technology sectors, the Managed Analytics solution offers targeted modules in Network Expansion, Sales & Marketing Insights, Product Management, Customer Value Management, Wi-Fi Support and Connected Life Strategies.
Ascertain is an award winning, proven proprietary software platform that has been deployed at numerous communications providers over its thirteen-year history. Ascertain-enabled solutions are designed to address specific industry challenges and combine best-in-class technology with years of industry experience to solve some of our clients' most challenging problems. http://www.cartesian.com/offerings/managed-solutions/#ascertain
About Cartesian, Inc.
Cartesian, Inc. (Nasdaq:CRTN) is a specialist provider of consulting services and managed solutions to leaders in the global communications, technology and digital media industries. Cartesian provides consulting in strategy, execution and managed solutions to clients worldwide. The company has offices in Boston, Kansas City, London, New York and Washington. For more information about the company and its services, visit www.cartesian.com.
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Cautionary Statement Regarding Forward Looking Information
This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. In particular, any statements that do not relate to historical or current facts constitute forward-looking statements, including any statements contained herein regarding expectations with respect to Cartesian's future business, financial condition and results of operations. Forward-looking statements are subject to known and unknown risks, uncertainties, and contingencies, many of which are beyond the Company's control, which may cause actual results, performance, or achievements to differ materially from those projected or implied in such forward-looking statements. Factors that might affect actual results, performance, or achievements include, among other things, the Company's ability to successfully implement the contract with Consolidated Communications; conditions in the telecommunications industry, overall economic and business conditions (including the current economic slowdown), the demand for the Company's services (including the slowing of client decisions on proposals and project opportunities along with scope reduction of existing projects), the level of cash and non-cash expenditures incurred by the Company, technological advances and competitive factors in the markets in which the Company competes, and the factors described in this press release and in Cartesian's filings with the Securities and Exchange Commission, including the risks described in its periodic reports filed with the SEC, including, but not limited to, "Cautionary Statement Regarding Forward Looking Information" under Part I of its Annual Report on Form 10-K for the fiscal year ended December 28, 2013 and subsequent periodic reports containing updated disclosures of such risks. These filings are available at the SEC's web site at www.sec.gov. Any forward-looking statements made in this release speak only as of the date of this release. The Company does not intend to update these forward-looking statements and undertakes no duty to any person to provide any such update under any circumstances.