Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

MIND C.T.I. Ltd. (MNDO) Announces Two New Significant Wins

|Includes: MIND C.T.I. Ltd (MNDO)

MIND C.T.I. Ltd., a prominent supplier of convergent end-to-end billing and customer care product based solutions for service providers as well as call accounting solutions, announced today that the company has recently won two significant deals, one at the start of the quarter and the other closed last week.

The first sizeable win is a deal to support prepaid and postpaid wireless business for a wireless communications service provider in the US. Specifically, MIND will implement its convergent billing and customer care platform. The solution includes modules such as Point of Sales (PoS), Self-care, Online Store, Interactive Voice Response (NYSE:IVR), and support for Verizon Wireless LTE in Rural America (LRA Program).

MIND was chosen by this customer for its flexibility and support with constant changes necessitated by carrier marketing activities, its broad range of functionalities for prepaid plans, its collections business process and promotions features, and finally for MIND's proven true convergence. That convergence is the output of one integrated platform, with all modules built in, which fully supports all prepaid, postpaid, hybrid, and wholesale business models. Implementation of this project has already begun and will be completed within the next three to four quarters.

This win is a testament to MIND's strengthening presence in the US market, the swelling reputation of MIND's cutting edge solutions, and reputation of on-time successful implementations.

The second win is with an existing customer in East Europe, a carrier with over 1.5 million subscribers that operates in all telecom fields, landline, wireless, broadband and TV, and uses MIND's solution for part of their business. Over the next two years this customer will phase out other platforms they use and upgrade the MIND solution to reach the true real-time convergent platform they desire in order to attract and retain their customer base. MIND was chosen after an extremely long and thorough search. This significant win is a multi-million dollar deal and the company expects to recognize its revenue during a phased implementation within the next eight to ten quarters.

"We are pleased to announce these two new important wins. For the last few years we have focused on preparing the company for such potential wins. We have maintained a global presence and have increased our workforce to enable support of these larger prospects in our pipeline as they turn into new projects. These latest wins show how MIND's solutions are gaining market share", said Monica Iancu, President and CEO of MIND CTI. "We continue to experience increased interest in our solutions and we expect to meet our goal of internal growth."

For further information, please visit

MissionIR provides investor relations services to publicly traded companies in exchange for compensation. This article may be part of our efforts to widen a client's exposure. To read our full disclaimer, visit