ISPSoft Gains Lucent Endowment
ISPSoft, a New Jersey-based start-up firm, develops software tools that facilitate provisioning, managing and monitoring Internet Protocol-based narrow and broadband services. The amount of the investment was not disclosed.
As a result of the deal, Lucent owns a small share of ISPSoft in return for its equity investment. Additionally, the deal allows ISPSoft to license intellectual property from Bell Labs.
Lucent intends to offer ISPSoft-based applications to Internet service providers and communications carriers that need a fast, economical means to deploy new IP-based services.
The deal marks the 21st venture the Lucent group has initiated since its was formed in 1997. Lucent's New Ventures Group's was developed to take the fruits of Bell Lab's research and development labors to market. The unit combs through ideas generated by Bell Lab's engineers, in search of products that can be turned into viable enterprises.
Once an idea has been targeted, Tom Uhlman, New Ventures Group president, coordinates venture capital and corporate backing to supplement the money Lucent throws behind the startup. Uhlman said the ISPSoft deal is another venture that aims to make the most out of Bell Lab's engineering strengths.
"Today's highly competitive IP services market needs the uniquely powerful blend of technical competence and industry savvy that ISPSoft brings to its customers," Uhlman said. "As with all of our venture investments, ISPSoft helps Lucent get the most out of the immense technical capabilities of Bell Labs by getting innovation to the market faster."
Binay Sugla, ISPSoft president and chief executive officer, said its software is essential for ISPs to remain competitive in a fast-paced marketplace.
"Provisioning, service and network management, and administrative processes are costly, time-consuming operations for companies that supply IP services," Sugla said. "Our suite of products and services can automate and take the mystery out of these processes, allowing providers to move nimbly and compete successfully in a fast-paced, highly competitive environment."
ISPSoft's products and services provide automated provisioning and bulk provisioning solutions and programs that test and manage service problems.
Its developed an ISP provisioning tool that enables providers to create multiple service packages, offer different classes of services, and provision service packages through a single, automated procedure.
From there, a suite of management tools to help customers provision, configure and monitor network elements. Programming facilitates an ISPs ability to extend new services to existing customers, audit subscriber accounts, and integrate new services throughout billing, customer care and management systems.
According to International Data Corp., estimates indicate that about $1 billion is being spent annually on IP network management software and platforms. With the rapid growth of Internet users and IP-based services, the market for provisioning software alone is expected to grow to $4 to 5 billion in the next few years.
Sugla said ISPSoft could potentially cut ISP's initial operating costs in half.
"The cost of provisioning, administering and managing IP services, done by
in-house staffs and outside vendors, now typically runs to 20 to 50 percent
of a service provider's operational costs," Sugla said. "Our automated
tools and services enable ISPs to concentrate on meeting current and
emerging customer needs."
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