Leaping to the top – Formula Telecom Solutions

Herzliya, Israel-based Formula Telecom Solutions, Ltd. announced that the Leap Business Control Engine has been dubbed one of the most innovative new products in 2006. The provider of business control, billing and CRM solutions stated that Leap BCE had been singled out by the IIR World Billing Awards to be a finalist in the Most Innovative Product category. Leap BCE was noted for its innovation as the industry’s first fully-integrated business-policy control engine based on business considerations. The product boasts real-time platform to facilitate cross-networking, cross-product service and multi-play service creation. The system is built upon the FTS Leap Business Control and Charging Foundation.

The IIR World Billing Awards represent perhaps the highest recognition of billing excellence in the industry, and are given to trend setters and best practices in the communications industry. According to the mission statement of World Billing Awards founders, the prizes are awarded to “help raise awareness of the significance of billing and information management processes to the communications industry.” identifying key trends and rewarding billing best practice. In a statement following the nomination, marketing and business development vice president Yair M. Sakov summarized his company’s philosophy as one in which “Customer needs should be analysed and addressed in the context of the service they are consuming.” FTS plans on rolling out its own red carpet for the product at the Billing and Information Management Systems in London in early June. At center stage will be spokespersons from Telenet, Belgium’s largest provider of cable and broadband services, who “will present their successful experience with Leap BCE.” The firm hopes to stay on the map after being ranked 54th on the 2005 Deloitte Technology Fast-500 EMEA list enumerating the fastest-growing technology companies.