MACH Reconfirms Strong Growth Forecast for 2010
By Mach, PRNETuesday, March 9, 2010
LUXEMBOURG, March 10, 2010 - MACH, the leading provider of hub-based mobile applications
exchange solutions and services that unite, connect and empower
Communications Service Providers (CSP's), today confirmed that it is on track
to exceed aggressive growth targets for 2010 after recording stronger than
expected performance at the start of the year.
MACH has over 60% of the outsourced Financial Clearing market,
and has further consolidated its leadership position in Q1 of this year,
showing continued growth in client numbers and maintaining unrivalled levels
of customer satisfaction and retention.
MACH has secured Data Clearing agreements with a number of new
clients in the last six months to maintain a 50% market share. Among the
mobile operators to sign Data Clearing House agreements with MACH so far in
Q1 are Leo in Namibia, Mauritel in Mauritania, Iraq's Asiacell and Wataniya
in Algeria. Asiacell and Wataniya join MACH as part of a frame agreement to
provide roaming business management solutions to Qtel International, the
telecommunications service provider licensed by the Supreme Council of
Information and Communication Technology in Qatar (ictQATAR) to provide both
fixed and mobile telecommunications services in the state of Qatar.
Meanwhile, growth in the Near Real-time Roaming Data Exchange
(NRTRDE) business has seen market share reach almost 50%. MACH's NRTRDE
products are today helping more than half of all mobile operators around the
world to assure revenues and to minimise losses due to roaming fraud.
MACH's growth has come also from products and services
newly-added to its portfolio. HUB-XC, the hub-based mobile communications
exchange announced in October, builds on MACH's core offerings to enable
CSP's to extend coverage and breadth of mobile service offering, to
accelerate time-to-market, and to optimise service revenue. HUB-XC integrates
MACH's services in one hub-based offering that delivers richer functionality
for CSP's, and increases the breadth and value of MACH's client agreements.
"We are delighted with MACH's performance in closing out 2009
and in making a fast start to 2010," said Lodewijk Cornelis, Chief Marketing
Officer, MACH. "That performance is built on a powerful and unique
combination of products and services. On the one hand, proven applications
and managed services that build and optimise operators' mobile roaming
businesses. On the other, innovative new applications, built on the same
proven infrastructure, that open up a new world of opportunities for all
Communications Service Providers."
Mr Cornelis went on to focus on one area of growth in
particular. "Take, for example, MACH's increasing presence in the mobile
content and application market. We have signed agreements with two of the big
five appstores to enable delivery of new content-based mobile services to
subscribers all over the world, placing MACH at the heart of this burgeoning
new market."
The company is confident that it will continue to show rapid
growth throughout the remainder of 2010, and extend its product and service
footprint.
"MACH shareholders have fully endorsed our plans for
accelerated growth and have made available the necessary financial investment
to turn our vision into reality," said Jean Mandeville, Chief Financial
Officer, MACH. "This investment will allow us to accelerate the product
roadmap under our newly-appointed Chief Technology Officer, and to increase
the number of sales and marketing resources available."
MACH will set out further details of its growth plans for the
remainder of this year to delegates at the GSMA-sponsored BARG event taking
place in Cairo, Egypt this week.
About MACH
MACH operates the world's leading hub-based mobile communications
exchange, uniting the global telecommunications marketplace. MACH HUB-XC(R)
provides the platform for the efficient exchange of mobile traffic, of
service validation, delivery and billing information, and of settlement
transactions. MACH is the largest provider of data and financial clearing
solutions for wireless roaming and operates the world's largest open
connectivity roaming hub, Link2One. Headquartered in Luxembourg, MACH has
offices in 12 countries and employs more than 1,000 people worldwide. MACH
serves more than 650 customers, including Orange, Telefonica, T-Mobile,
Vodafone, Verizon Wireless and Microsoft, as well as enterprise messaging
customers like KLM.
For further information www.mach.com Enquiries MACH Helle Auken Lygum, Global Marketing Project Manager Hely@mach.com, +45-4590-2183
Enquiries: MACH, Helle Auken Lygum, Global Marketing Project Manager, Hely at mach.com, +45-4590-2183
Tags: Luxembourg, MACH, March 10