3rd qtr highlights:
As of September 30, 2016 we had 267 employees, compared with 344 as of September 30, 2015.
Cash position was $19.0 million as of September 30, 2016, compared with $17.8 million as of September 30, 2015.
Monica Iancu, MIND CTI CEO, commented: “Focused on offering the best products and services at the lowest cost, in order to better serve our customers and build a competitive advantage, we implemented across the company, for the last two years, processes designed to improve our operating efficiency and productivity. With these processes in place we believe that the existing workforce is at the size we need in order to reach our goals. In parallel, we invested in developing the next versions of our platforms and we will continue to invest in expanding our offering. The new deal we closed at the beginning of the quarter and the multiple follow-on orders give us better visibility into 2017.”
New Win and Follow-on Orders
The new win, which we previously announced together with the Q2 2016 results, is with one of the largest Caribbean providers of telecommunications solutions for residential, business and government customers. Similar to other carriers, this customer’s main goals are to consolidate multiple platforms, achieve full automation of business processes, reach 360-degree customer view and improve time to market for new marketing initiatives. MIND was selected to support these important goals. MIND signed this new contract to support convergent prepaid and postpaid for their wireless, wireline and broadband business. MIND will deploy its unique full suite that includes Point of Sale, provisioning, mediation, interconnect reporting and much more in addition to billing and customer care.
Our follow-on orders include:
license expansions;
additional professional services;
new mediation and provisioning integrations to support latest network equipment;
support for EMV smart payment cards for payment terminals and automated teller machines that can accept them
GOOD LUCK 2017!!!
