We’re delivering a unique ability to analyze petabytes of data and network transactions without costly investments in on-premise hardware or software.
Barcelona, Spain –
Mobile World Congress (PRWEB) February 29, 2012 -- Razorsight Corporation, the global leader of cloud-based Analytics solutions for Communications Service Providers (CSPs), announced strong results for its Fiscal Year ending December 31, 2011 with record performance levels for Sales Bookings, New Customer Wins, and Customer Retention. The company continued to increase its market share due to its ease of deployment, low startup cost and exceptional ROI as it won more than 30 new contracts with Communications Providers domestically and globally. Razorsight’s advanced analytics solutions provide communications providers with the ability to analyze big data at very fast speeds.
"Service providers globally are facing increased competition from new forms of communication including social media and over-the-top (OTT) services,” said Charlie Thomas, CEO Razorsight. "Differentiation through advanced analytics to better understand customer behaviors and margins by product and by market is highly strategic."
“We’re delivering a unique ability to analyze petabytes of data and network transactions without costly investments in on-premise hardware or software by combining IBM Netezza’s MPP platform with Razorsight’s Cloud Analytics solutions” added Suren Nathan, the CTO of Razorsight. “With this technology, we process billions of event records and correlate them with subscriber and reference information in a matter of minutes, thereby offering near real time analysis of cost, revenue and profitability”.
The company's key achievements in 2011 include:
Strong Marketplace Momentum
Razorsight entered into over thirty new contracts with dozens of CSPs which included dozen multi-million dollar deals over long-term contract periods. Sales increased 44% over the prior year, and Razorsight counts twenty of the world’s largest telecommunications companies as its customers. The company also won numerous contract renewals, and its new contracts included subscriptions for its new Usage Analytics, Inventory Analytics, Headlines and Profit Analytics applications. Razorsight continued to win new business across all sectors of the telecommunications industry including Wireless, LECs, RLECs, CLECs, MSO, VoIP, and data service providers.
Major New Product Release
Razorsight continued to lead by innovation as it released the industry’s first integrated solution that includes Cost and Revenue Analytics, Inventory Analytics, Headlines and Usage Analytics – all delivered in a single, Cloud-based platform under Razorsight’s Profit Enhancement Center™. The company upgraded its customers to this major new release (PEC 6.2) free of charge, demonstrating the strength of its commitment to customers and the value of its software-as-a-service delivery.
Razorsight continued its expansion beyond its North American leadership position by further growing its customer base in EMEA. And it established subsidiaries and presence in Japan and Singapore.
Razorsight closed a Series B round of private equity investment in July and attracted a new investor in Georgian Partners (Toronto) while attracting additional capital from Sierra Ventures (Palo Alto). This capital will be used for acquisitions and continued international expansion.
Razorsight Corporation provides Cloud based business intelligence and profit analytics solutions for Communications Services Providers. Razorsight's Software-as-a-Service (SaaS) delivers network intelligence and unparalleled visibility into all aspects of cost and revenue thereby improving CSP operating margins and profitability. Razorsight's highly scalable, web-based software is easy to install, requires no capital investment, and has delivered millions of dollars in profitability gains at industry leaders such as AT&T, Verizon, Telus, Comcast, Cbeyond, CenturyLink, T-Mobile, Tata, Telekomunikacja Polska (TP Group), Windstream and IBM. http://www.razorsight.com