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SOURCE Digital Route AB
STOCKHOLM, October 29, 2013 /PRNewswire/ --
DigitalRoute, the leading provider of mediation solutions globally, has received the 2013 Stratecast Global Technology Innovation in Communications Service Provider Billing for the Mediation Market Award. This is DigitalRoute's second Stratecast Mediation award in three years.
The award is presented by the highly respected analyst firm Stratecast | Frost & Sullivan. Stratecast helps companies achieve their strategic objectives by providing critical and objective insights. The selection of DigitalRoute recognizes the company's achievements in the areas of growth, market leadership, and product innovation.
Stratecast's evaluation criteria for the award include uniqueness of the technology, impact on new products/applications, impact on functionality, impact on customer value, and relevance of the innovation to the industry. DigitalRoute emerged with the highest ranking among the evaluated vendors.
Founded in 2000, DigitalRoute has evolved from a pure-play billing mediation supplier to a real-time data collection, aggregation, and correlation provider for any group of business functions across vertical industry borders. In the past year, the company has won several new contracts with communications service providers in the North America, Asia, and EMEA regions, as the installed base for its flagship MediationZone platform has continued to expand.
Today, it has more than 265 customers around the world, and DigitalRoute forecasts strong momentum in the coming years, fuelled by its ability to quickly address critical new use cases such as routing control, service assurance, and usage management.
"DigitalRoute differs from its top competitors as the company remains almost entirely focused on mediation through its unique approach to the market," said Karl Whitelock, director of OSS BSS strategy at Stratecast | Frost & Sullivan. "The company's success is based on the rapid rise in its total CSP customer base. It is well-positioned to meet the changing needs of a communications marketplace that will in the future rely on automated data management functions to address a growing number of customer-centric business issues."
Stratecast projects the 2013 CSP billing mediation market at approximately US $930 million, expanding at an 11.1 percent, five-year compound annual growth rate (CAGR) to US $1.37 billion by 2017. The strong growth rate tops all segments in the end-to-end billing marketplace. In this context, the 2013 Mediation Award is particularly important.
Whitelock also notes, "Stratecast believes that DigitalRoute will continue to grow as it fills additional CSP needs in the traditional billing mediation domain and as it works closely with its partners to address related data transaction processing challenges in other business domains."
"We are delighted to receive this prestigious award both in recognition of the impact that we are making on the industry and also as validation of our historic strategy to focus on mediation," said Jan Karlsson, CEO at DigitalRoute.
Karlsson continued, "DigitalRoute will continue to grow as we expand into new areas with maintained focus on mediation. Big data, policy and usage management, M2M connectivity services and service assurance are just a handful of examples where our technology will play an important role in the years to come."
The report, 2013 Global Communications Service Provider Billing - Mediation Market, is available for download here.
DigitalRoute delivers a new approach to managing data. Our platform, MediationZone, empowers organizations to liberate the value hidden in their usage information via a unique approach that supports multiple mission-critical aspects of their business. DigitalRoute customers benefit from fewer integration points, reduced costs and flexible data management. Over 250 leading companies from around the globe are today actively using DigitalRoute technology to help meet their data management needs. DigitalRoute is headquartered in Stockholm, Sweden, with regional offices in Gothenburg, Atlanta, and Kuala Lumpur. DigitalRoute is a venture-backed, privately held company.
For more information, please contact:
Keith Brody, Director of Global Marketing
Digital Route AB
Skeppsbron 34 | SE-111 30 Stockholm | Phone: +44(0)7455-434333
Stratecast collaborates with our clients to reach smart business decisions in the rapidly evolving and hyper-competitive Information and Communications Technology markets. Leveraging a mix of action-oriented subscription research and customized consulting engagements, Stratecast delivers knowledge and perspective that is only attainable through years of real-world experience in an industry where customers are collaborators; today's partners are tomorrow's competitors; and agility and innovation are essential elements for success. For more information, please contact for account executive or email at firstname.lastname@example.org.
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