LUXEMBOURG, March 10, 2010 /PRNewswire/ -- 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.
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.
CONTACT: Enquiries: MACH, Helle Auken Lygum, Global Marketing ProjectManager, Hely@mach.com, +45-4590-2183