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Redmond, WA - September 1st, 2003
telSPACE, a Redmond, Washington-based billing technology company, today announced its product launch to become the nation’s leading billing and rating intermediary for the communications industry. The telSPACE billing operating platform allows any communications reseller, agent, or any company not currently offering communications services to instantly become a privately-branded, nationwide communications service provider of any or all services. telSPACE offers clients access to multiple services and technologies all connected to one central back office where customers are acquired, activated, billed, and managed. telSPACE’s strategy is based on automation and creating efficiencies in areas where technology has not yet caught up to its fullest potential.
Concurrently, telSPACE launched the first release of its customer acquisition point of sale website for the nationwide delivery of cellular service. Utilizing the Internet to automate the complex acquisition and provisioning process, the website allows telSPACE’s clients and / or its clients’ customers to provision services in seconds, inherently automating a typically complex manual process.
“There is incredible demand in the marketplace from consumers and channels of distribution for telSPACE’s back office network and the telSPACE billing services. We offer our clients one ubiquitous back office that can integrate into any exiting facility carrier. telSPACE’s ability to aggregate the volume of multiple clients allows the company to significantly reduce its costs and provide a very cost efficient product to its clients.” - Paris Holt, CEO of telSPACE.
The telSPACE platform has been 5 years in development and has created a platform unique in the industry in that it allows any company to private label communication services and become a VNO (Virtual Network Operator) in a matter of 3-4 weeks.
Industry experts acknowledge there is heightened interest in reselling communication services. According to RCR, a leading industry newspaper, in a recent article on resale, “Major carriers are embracing wholesale programs purely for business reasons.” As quoted in the same article, an executive from a major cellular carrier said, “Attitudes toward reselling have changed because competition has become more intense. Carriers are looking at other distribution channels and acknowledging that certain segments will drive the overall market.”
According to the Strategis Group, the market for local services will be a staggering $500 billion by 2004. "We project CLECs (competitive local exchange carriers) will triple their market share by 2004 to about 20% of the business market and 6% of the residential market," said Keith Kennebeck, Strategis senior analyst. "We believe the key to capitalizing on these revenues will be based on competitors' ability to harness technological innovation and act as integrated communications providers, bundling multiple services and anticipating the rapidly evolving needs of both residential and business customers."
“The potential is tremendous; there is growing interest in expanding product portfolios for both traditional and nontraditional communications companies, and in providing services through completely new channels, such as associations and affinity groups. The telSPACE platform supplies a complete turnkey solution for delivering this.” - Paris Holt, CEO of telSPACE.
The telSPACE platform will be released next month. Through the execution of additional client contracts telSPACE will continue to build out its network and add new network services. These services will be incorporated into each subsequent release of the platform.
About telSPACE
Based in Redmond, Washington, telSPACE enables its clients using a world class back office infrastructure to sell, provision, fulfill, and care for multiple telecom services, including Pre and Post Paid Cellular, Internet, and Long Distance, using one ubiquitous private label operating platform. In development for over 5 years, the company has used feedback from its clients to refine its product and create a platform that provides core functionality that rivals any in its class.
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