Message #5 From:
Stock News Bot Date: January 3, 2006 02:00:00 AM
PRSF News FASTWEB to Expand Use of Portal Software for Supporting New IP-Based Services; World's Largest IPTV Provider to Utilize Portal 7 to Sustain Competitive Advantage
CUPERTINO, Calif.--(BUSINESS WIRE)--Jan. 3, 2006--Portal Software, Inc. (Pink Sheets:PRSF), the premier global provider of billing and Revenue Management solutions for telecommunications and media markets, announced today that FASTWEB is expanding its use of Portal to support its expansion into a variety of next generation service offerings for its customers in Italy. FASTWEB will also be migrating to Portal 7, the latest version of Portal's Revenue Management platform, to support fully convergent services. FASTWEB has relied on Portal since it started offering triple play services over its broadband IP network in 2001 and today uses the platform for supporting its second generation IPTV, VoIP, high speed Internet, and innovative content services.
FASTWEB is one of the world's largest providers of IPTV services, with more than 600,000 customers throughout Italy. Every month FASTWEB's TV clients view more than one million on-demand videos, record more than 400,000 programs, and spend an average of over EUR 300 per year in video content. FASTWEB is among Europe's key providers of next generation telecommunications networks and services, which provide a complete alternative to those of traditional telephone networks. The company has gained competitive advantage over other telecommunications companies by utilizing breakthrough technology to deliver integrated voice, data, and video through packet-switching, utilizing its fiber-optic and xDSL network solution.
About Portal Software, Inc.
Portal is the leading worldwide provider of billing and Revenue Management solutions for the global communications and media markets. The company delivers the only platform for the end-to-end management of customer revenue across offerings, channels, and geographies. Portal's solutions enable companies to dramatically accelerate the launch of innovative, profit-rich services while significantly reducing the costs associated with legacy billing systems. Portal is the Revenue Management partner of choice to the world's leading service providers, including Vodafone, AOL Time Warner, Deutsche Telekom, Telstra, NTT, China Telecom, Reuters, China Mobile, Telenor Mobil, and France Telecom.
About FASTWEB
FASTWEB is Italy's second largest fixed telephony operator, currently operating in more than 80 Italian cities via a proprietary network of more than 17,000 km. FASTWEB uses a unique technological model combining extensive use of the Internet protocol (IP) for voice, data, and video transmission with optical fiber and xDSL technology. For business users it offers advanced competitive services in all market segments -- public authorities, large, medium, and small organizations, professionals, business concerns, universities, and research. For residential clients, FASTWEB offers a broad range of integrated fixed-line telephone, high-speed Internet, and television services on a single cable by broadcasting on its IPTV, free-to-air, and satellite channels -- including Sky premium contents -- as well as an on-demand section with a catalog of more than 5,000 titles in digital video quality and Dolby Digital 5.1 audio. (www.company.fastweb.it)
Forward Looking Statement
Statements in this release regarding potential customer relationships, the possibility of Portal providing contracted services, and realizing future financial gains are forward looking statements. Such forward looking statements may not materialize and involve significant uncertainties and risks. These and other factors are described in detail in our Annual Report on Form 10-K for the fiscal year ended January 31, 2004 and our quarterly reports on Form 10-Q. All statements made in this press release are made only as of the date set forth at the beginning of this release. Portal undertakes no obligation to update the information in this release in the event facts or circumstances subsequently change.
(C) 1996-2006. PORTAL and the PORTAL LOGO are trademarks or registered trademarks in the United States and in other countries, all owned by Portal Software, Inc. or its subsidiaries. Marks or names owned by other companies remain the property of their respective owners.
