724 Solutions Signs Global Agreement with a Leading Telecom Provider to Provide its X-treme Alerts Platform to Mobile Operators
Santa Barbara, CA, Cannes, France, (February 15, 2005) - 724 Solutions (NASDAQ: SVNX; TSX: SVN), a leading provider of next-generation IP-based network and data services, today announced a global agreement with Ericsson, a leading telecom supplier, whereby the X-treme Alerts Platform will be available as a part of Ericsson's managed services offering of hosted content and application solutions for mobile operators worldwide.
The X-treme Alerts Platform is a standards-based actionable alerting platform that allows mobile network operators and content providers a turnkey solution to easily send highly personalized, permission-based SMS or MMS alerts to subscribers. 724's Alerts Platform is incorporated into Ericsson's managed content & application offering. Ericsson's hosted offering provides operators a cost-effective means to rapidly deliver new services to their customers and access to premium content through the Ericsson Mobility World initiative, a broad network of content and application providers that supply interesting and innovative content.
"We believe this global agreement will allow mobile network operators worldwide to drive their data ARPU and Alert services differentiation, as several North American mobile operators have already done," said John Sims, CEO of 724 Solutions. "724 Solutions is pleased with the success of the managed content offering with Ericsson and we look forward to future opportunities to help global mobile network operators expand their premium content offerings to include application-to-person services."
Note to Editors: 724 Solutions is hosting two 3GSM hospitality suites, 1.40 and 1.41, located in Hall 2, Level 1.
About 724 Solutions
724 Solutions (NASDAQ: SVNX; TSX: SVN) delivers reliable, scalable technology and solutions that allow mobile network operators to rapidly deploy flexible and open next generation IP-based network and data services. Additionally, in conjunction with mobile operator partners, the company provides a series of actionable alerting solutions to enterprises to assist them in lowering operating costs and improving customer relationship management. 724 Solutions is a global company with development operations in Canada and Switzerland with its corporate office in Santa Barbara, California. For more information, visit www.724.com.
For more information, contact:
Avichai Levy, VP Marketing Mobixell Networks
Tel: +972 544 666 785
Avichai.levy@mobixell.com
Kirsten Scott and Kim Smith, éclat Marketing
Tel: +44 (0)1276 486000
mobixell@eclat.co.uk
