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Tecnotree signs three-year Managed Services agreement with a leading Middle Eastern Operator valued at 8.2 million Euros

Tecnotree Oyj
Stock Exchange Release
25 April 2017 at 2.30pm

Tecnotree signs three-year Managed Services agreement with a leading Middle Eastern Operator valued at 8.2 million Euros

Tecnotree today announces an agreement with a key customer to provide managed services for Tecnotree products and related solutions for the period 2017--2019. The agreement is valued at 8.2 million Euros.

“We at Tecnotree are excited about the opportunity to continue our long-term relationship with this important customer”, says Padma Ravichander, CEO at Tecnotree. “The agreement is a further confirmation of our strength and ability to continue to support operators with very large subscriber base in the area of managed services and it lays a strong foundation for our continued co-operation with our valued client.”

The customer is a leading service provider in its market with 47 million subscribers. The managed services provided are part of an existing ongoing relationship. They will be provided for a range of Tecnotree products such as Tecnotree Unified Product Catalogue, Customer Lifecycle Management, Convergent Billing, Wholesale Billing as well as the Tecnotree Loyalty and Campaign Management system.

Further information:
Björn Wigforss,
Global Head of Marketing and Communications,
tel +358 40 764 9439

About Tecnotree
Tecnotree is a global provider of IT solutions for the management of services, products, customers and revenue for Communications Service Providers. Tecnotree helps customers to monetise and transform their business towards a marketplace of digital services. Together with its customers, Tecnotree empowers people to self-serve, engage and take control of their own digital life.

Tecnotree is listed on Nasdaq Helsinki (TEM1V). For more information, please visit  www.tecnotree.com.