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Tecnotree has been awarded USD 24 million convergent charging contract in Latin America

Tecnotree Corporation
Stock Exchange Release
April 24, 2012 at 8.30 am (CET+1)

Tecnotree has won a USD 24 million contract from an operator group in Latin America to replace existing voice and data charging systems with the Tecnotree convergent online charging solution in one country. The delivery also includes content partner management and content charging and delivery solutions and an expansion to previously supplied Tecnotree Enterprise VPN charging solution. Delivered systems will be used to rate and charge voice and data services for millions of mobile prepaid and post-paid customers as well as mobile broadband customers. The systems will be taken into use in phases during 2012-2013.

The Tecnotree solution is based on Tecnotree Agility^TM Suite encompassing Real-Time Convergent Charging, Prepaid IN and Telecom & Media Server. The solution allows the operator to ripe immediate benefits such as to launch new and innovative bundled offerings faster across services, business lines and payment methods, and to improve their operational efficiency with pre-integrated solution components.

Kaj Hagros, President and CEO of Tecnotree comments: “Tecnotree is very proud of the longstanding relationship with the operator group customer in Latin America. In this case they trust us the entire charging infrastructure in one country operation, which is a fantastic endorsement to our delivery capability and our strategy of full business IT suite offering. Tecnotree has been increasingly acknowledged by the analysts such as Gartner, and replacing competitive platforms gives us confidence that we are picking up steam.”

TECNOTREE CORPORATION

Kaj Hagros
President and CEO

Further information
Kaj Hagros, President and CEO, tel. +358 40 849 1749

Distribution
NASDAQ OMX Helsinki Ltd
Main Media
www.tecnotree.com

About Tecnotree
Tecnotree is a global provider of a broad range of telecom IT solutions focused on charging, billing, customer care, messaging and content services. Tecnotree empowers communication service providers to create and monetize a broad marketplace of digital services, and augment value across the customer lifecycle. Acknowledged for agility and commitment, Tecnotree has more than 900 employees serving over 100 operators globally. Tecnotree is listed on the main list of NASDAQ OMX Helsinki Ltd. with the trading code TEM1V. For more information on Tecnotree visit www.tecnotree.com