SunTec's catalyst project awarded at TM Forum, Nice

SunTec's revenue management and business assurance product suite Xelerate used to demonstrate the monetisation of an NFV ecosystem

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| Source: SunTec Business Solutions Ltd.

Trivandrum, June 27, 2014 (GLOBE NEWSWIRE) -- SunTec, as part of the NFV Management Ecosystem project, won the "Greatest Adoption of Frameworx" award from TM forum along with the project champions and other participants. TM Forum announced the Catalyst Award winners at TM Forum Live! on June 5th at Nice. The Catalyst was awarded for producing the most effective implementation of TM Forum Frameworx in use, demonstrating the value of the assets and encouraging wider industry adoption.

SunTec worked with AT &T and Telecom Italia and several vendors in the NFV Management Ecosystem catalyst. Exploring the new ETSI-led MANO standard, the Catalyst tested the new protocols designed to allow core network functions and service control functions AAA, PCRF and PCEF out of proprietary hardware and software. The catalyst enabled real-time, dynamic management of capacity, performance, quality of service and SLAs, with real-time billing and compensation using  SunTec's product suite Xelerate.

"Congratulations to all of our Catalyst Award winners.Their hard work is a testament to the dedication and leadership of our members. Our Catalyst program showcases the unique, agile and collaborative nature of the Forum and is an outstanding example of how industry players can work together to solve some of their most difficult business and IT challenges in today's digital world", said Nik Willetts, Chief Strategy Officer, TM Forum.

Nanda Kumar, Founder and CEO, SunTec Business Solutions said, "We are pleased about the recognition our project received from TM Forum and how our work has encouraged the adoption of Frameworx. SunTec team will continue to create innovative solutions in Catalyst projects to address the critical challenges posed by the digital revolution. Our product Xelerate Digital Services is built specifically to cater to the orchestration and monetisation needs of the open digital economy."

About TM Forum

TM Forum is a global trade association trusted by the world's largest enterprises, service providers and suppliers to help them continuously transform to succeed in the digital economy.  They bring together more than 85,000 professionals from 900+ member companies to share experiences, collaborate and rapidly solve critical business challenges including IT transformation, business process optimisation, big data analytics, cloud management, customer experience management and cyber-security. Their three strategic programs--Agile Business and IT, Customer Engagement and Open Digital --provide a platform for overcoming the barriers to an open digital world. For more information about TM Forum, visit www.tmforum.org.

About SunTec

SunTec Business Solutions is the leading provider of revenue management and business assurance solutions to financial institutions and communications services providers with an award-winning and technology-agnostic product suite. With over two decades of experience providing end-to-end transaction management solutions to different industries and over 85 installations across the globe, SunTec is a trusted partner to some of the world's largest service providers.

To cater to constantly evolving and transforming industries and changing needs of enterprises, SunTec constantly develops innovative products bringing together the best practices across industries and learning from enterprises across the globe. With its thought leadership events across countries, SunTec is committed to constantly connect with its customers to build success and provide value to its customers.

SunTec, headquartered in India and with offices in USA, UK, Germany, UAE and Singapore, has a 800+ strong workforce.

http://www.suntecgroup.com/

Rachana Chowdhary
MediaValueWorks India
+91 96197 76084