OVERLAND PARK, Kan., Aug. 12, 2016 (GLOBE NEWSWIRE) -- Cartesian® (NASDAQ:CRTN), a specialist provider of consulting services and managed solutions to the global communications, technology and digital media sector, has recently secured two new wins for its revenue analytics cloud-based offering in the European, Middle East, and Africa (EMEA) market. The aggregate value of the contracts amounts to more than £2 million.
Cartesian’s revenue assurance analytics and service offering provide a multidimensional view of a service provider’s potential revenue leakages and sources of business inefficiencies to help improve revenues and reduce costs. The solution is used by many of the world’s leading media and telecom companies, helping management teams discover ways to measure, analyze, and interpret their revenue streams, while providing a broader means to achieve overall business health.
The first new contract win involves a European telecommunications company operating under a mobile virtual network operator (MVNO) business model. Under this model, the customer sought high-grade revenue analytics and consulting expertise to help it expand its portfolio of media and low-cost calling solutions to a growing base of international communities and migrant workers. Understanding the benefits and competitive advantages of a cloud-based solution that wholly considers and assures revenues, costs, and margins, the customer selected Cartesian’s comprehensive platform to better address the opportunities to improve financial performance, without sacrificing a superior experience for its consumers.
The second new contract win is with one of Europe’s largest media companies and pay TV broadcasters. This customer is an existing fixed line revenue analytics customer of Cartesian and recently contracted with Cartesian’s Farncombe unit for services in media advisory and content security market. Under this new revenue analytics contract, Cartesian will provide revenue assurance around this quad play provider’s 4G wireless business.
“Central to our strategy of expanding our list of world-class clients is continuing to demonstrate the unique capabilities and skill sets that we deliver through our state-of-the-art revenue analytics offering,” said Andy Harper, vice president for EMEA. “Our solution combines proprietary technology with our many years of collective experience in the media and communications industry to create a truly unified model that’s capable of analyzing even the most complex of revenue sources, while continually aiming to deliver expert opinion on ways to manage and expand those sources.”
Harper continued: “Both these customer wins draw attention to our broader success within the EMEA market in securing best-of-breed clients for our revenue analytics offering. Going forward, we will continue to invest in the people, resources, and technology supporting this offering with the goal of making it an even larger and more meaningful part of Cartesian’s future.”
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, Paris, Philadelphia and Washington. For more information, visit www.cartesian.com.
Contact Information: Matt Glover or Najim Mostamand Liolios Group, Inc. 949-574-3860 CRTN@liolios.com