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CoroWare Announces Availability of CoroWare Billing Integration FrameworkREDMOND, WA, Jun 09, 2010 (MARKETWIRE via COMTEX) -- CoroWare Technologies, a wholly owned subsidiary of CoroWare, Inc. (OTCBB: COWI) today announced availability of CoroWare Billing Integration Framework(TM) for MetraTech and Vidyo, a software solution that integrates dynamic usage- and subscription-based billing from MetraTech Corp and high definition videoconferencing systems from Vidyo. Service providers that want to launch a videoconferencing service with a choice to offer usage-based billing require a billing integration solution that can be customized to interoperate with existing infrastructure elements, easily modified to meet their dynamically changing business needs, and rapidly deployed in an efficient and cost effective manner. The CoroWare Billing Integration Framework for MetraTech and Vidyo combines MetraTech's highly scalable MetraNet usage-based billing systems with Vidyo's award-winning high definition videoconferencing platform. This powerful solution is an affordable and effective way for service providers to effectively monetize their videoconferencing services as they evolve to meet the demands of rapidly changing business models, pricing plans, and customer requirements. "Service providers must innovate their business models and flexibly respond to their customers' changing needs without being limited by their billing system," said Mark Dudman, executive vice president of MetraTech Corp. "CoroWare's solution facilitates that growth by helping service providers add videoconferencing to their range of profitable services." Built upon Microsoft's SQL Server 2008 platform, CoroWare Billing Integration Framework for MetraTech and Vidyo processes videoconferencing call detail records -- including the number of Vidyo rooms, ports, users, and session minutes -- and conveys the processed usage data to a MetraTech billing platform. Service providers may then customize billing rules, reports and payment details, effectively lowering operational costs when compared to traditional billing systems. "CoroWare's billing integration solution further extends Vidyo's powerful videoconferencing platform for service providers," said Marty Hollander, senior vice president of marketing at Vidyo. "CoroWare's solutions offer enterprise and service provider customers greater visibility into their videoconferencing usage, thereby helping them plan for future growth." CoroWare's approach provides cross platform interoperability that allows service providers to utilize "best in class" Business Support Systems (BSS) elements throughout their infrastructure architecture. Service providers can take advantage of many open approaches to solving their BSS needs without being limited by their billing system. "Combined with the Vidyo and MetraTech platforms, CoroWare's solution can help service provider customers deploy an affordable, flexible and powerful solution for generating videoconferencing revenues," said Lloyd Spencer, president and CEO of CoroWare. "CoroWare's recent telepresence solution offering further expands CoroWare's range of products and services that help customers affordably deploy high definition videoconferencing solutions worldwide." CoroWare Billing Integration Framework for MetraTech and Vidyo is available today on the Microsoft Windows and SQL Server platform. For questions about CoroWare Billing Integration Framework for MetraTech and Vidyo, please contact us at [email protected] or 1-800-641-CORO (2676), option 1. About MetraTech MetraTech Corp. offers a new approach to charging, billing, settlement and customer care enabling organizations to embrace change without compromise. MetraNet, our flagship product, is unique in its ability to automate business processes and business models that address rapidly changing, complex or radical business strategies across any industry for an unlimited number of services. MetraNet is deployed globally, enabling diverse customers to build innovative and successful business models, securely collect revenue, and manage their entire customer lifecycle in 12 languages, 26 currencies and 90 countries. MetraTech offers a variety of delivery options ranging from licensing to outsourcing. Headquartered in Boston, MetraTech has offices in San Francisco, Munich, Paris, Singapore, Rio de Janeiro and London. MetraTech is a venture-backed, privately held company whose investors include Accel Partners, Bessemer Venture Partners, Meritech Capital, and Vesbridge Partners. For more information, please visit www.metratech.com. About Vidyo Vidyo, Inc. pioneered Personal Telepresence enabling natural, multi-point videoconferences on desktop computers and room systems. Vidyo's patented VidyoRouter architecture delivers the only available H.264/Scalable Video Coding (SVC) solution that eliminates an MCU while delivering the industry's best error resilience and lowest latency videoconferencing solution over the Internet and wireless networks. Learn more at www.vidyo.com . Follow Vidyo on Twitter@VidyoConf. About CoroWare Headquartered in Redmond, Washington, CoroWare is a solutions integrator with expertise in affordable telepresence and mobile robotics. For more information on CoroWare's products and services, please visit www.coroware.com. The names of actual companies and products mentioned herein may be the trademarks of their respective owners. This press release is written using forward-looking statements pursuant to the Private Securities Litigation Reform Act of 1995: http://www.sec.gov/about/laws/sea34.pdf (Sec. 21E p. 223). Press Contact: Josh Sherman CoroWare [email protected] (800) 641-2676, x747 SOURCE: CoroWare, Inc. mailto:[email protected] |