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Formula Telecom Solutions Broadens North American Operations With Expansion of Sales Team24 October 2005
Formula Telecom Solutions, Ltd. (LSE: FTS), a developer and global provider of Billing and CRM solutions for the telecom industry and a member of the Formula Group (NASDAQ: FORTY), announced today the expansion of its North American operations with the appointment of Wayne Nelson and Bill Woodruff as Sales Directors.
"FTS has experienced exceptional growth in the global billing and CRMmarket over the past two years, most notably in Europe and Asia," said FTS'CEO, Amos Sivan. "Our success in developing complete, scalable and
easy-to-implement solutions with unmatched rating capabilities gives FTS adefinite advantage in the expanding US market."
"With next-generation telecommunications becoming increasingly prolific, US operators are beginning to recognize the need for consolidated Billing and CRM services," said Paul Hughes, Vice President, Communications Software Strategies at Yankee Group. "With Tier-3 Billing and CRM companies continuing
to struggle, larger providers like FTS are well-positioned to increase their US and global market share," added Hughes.
Prior to his current position, Wayne Nelson held various sales and marketing positions within UshaComm, Telution, Repco, and Oki Telecom. In addition to his extensive BSS and OSS background, Nelson founded and managed Novus Telecom, an exporter of cellular telephone equipment to Mexico, South America and the Caribbean. He holds a B.S in Electronics from the University of Central Florida.
Bill Woodruff was most recently Director of Strategic Accounts for Viziqor (formally known as Daleen). He started his career at Stromberg Carlson (now Siemens) in its Engineering Labs and eventually grew to the role of Director of Business Development. Woodruff holds a BSEE from RochesterInstitute of Technology.
"Our expansion in North America paves an exciting road ahead for FTS, and the additions of Wayne and Bill will be one of the keys to our success," said Shaul Ganel, President, FTS' North American Division. "They will help us capitalize on our achievements in Asia and Europe, which have put FTS in an excellent position to provide solutions in the evolving US telecommunications landscape."
About Formula Telecom Solutions (FTS)
Formula Telecom Solutions (FTS) (LSE: FTS) is a visionary global provider of converged end-to-end CRM and billing solutions for telecom operators and service providers. FTS' integrated "triple-triple play" solutions enable wireline, wireless and emerging operators to offer advanced voice, data and video services, while supporting prepaid, postpaid and pay on demand billing. FTS maintains a global presence with worldwide installations supported by sales and service offices on three continents. Combining a proven track
record of on-time, on-budget project delivery with solid backing and extensive resources from the Formula Group (NASDAQ: FORTY), FTS is a CRM and billing one-stop-shop. FTS' cutting-edge solutions enable operators to streamline customer acquisition, enhance customer retention and increase profitability - all at a low total cost of ownership.
Source: PR Newswire
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