WALTHAM, MA -- (Marketwired) -- 06/26/13 -- MetraTech Corp., the leading provider of Agreements-Based Billing, commerce and compensation solutions, today announced that PGi (NYSE: PGI), a global leader in virtual meetings for more than 20 years, has signed a new, multi-year managed services agreement for its MetraNet® product. MetraTech's MetraNet will support PGi's global billing for its virtual meetings and cloud-based collaboration solutions. As part of the agreement, MetraTech will provide billing services for PGi's worldwide collaboration solutions. PGi will also implement MetraTech's new continuous delivery process, which automates the delivery of its enterprise software to reduce the time it takes to deploy changes and upgrades to the MetraNet environment.
Wainhouse Research forecasts that by 2016 the audio conferencing market will grow to $5 billion worldwide. Frost and Sullivan forecasts the web conferencing market will grow to $2.86 billion by 2016. With the availability and sophistication of smartphones, mobile apps, mobile plan and VoIP service improvements, and cloud collaboration, the way in which employees are communicating is changing dramatically. True anywhere, anytime communication is empowering a mobile workforce expected to grow to 1.3 billion worldwide by 2015.
"PGi offers a full suite of powerful Web, audio, video and event collaboration solutions tailored to fit the needs of enterprise customers. Our billing solution must be able to support our product offerings and pricing for our enterprise customers and partners worldwide," said Scott Almendarez, PGi vice president of revenue and reimbursement.
MetraNet is the only monetization platform built on an extensible metadata-driven architecture that makes it simple for customers to model services, introduce services and pricing plans, and change them in rapid response to market demands. Billing and multi-party settlement functionality such as commissioning, revenue sharing and other compensation schemes are supported on the same powerful platform. Partnerships with resellers and distributors or any other type of third-party relationship, can be handled with accuracy, visibility and control for the service provider and its partners.
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MetraTech Corp. simplifies and enables global commerce innovation, while helping businesses respond to an ever-changing customer and partner relationship landscape. We empower businesses to embrace change through a unique Agreements-Based Billing, commerce and compensation platform that models and supports fluid, personalized, multi-party agreements for customers, partners and suppliers. We automate business processes and business models to address rapidly changing or complex business strategies. Our products are deployed globally, and our customers use MetraTech to innovatively create and securely collect revenue, provide settlement to partners and manage their customer lifecycle in 12 languages, 28 currencies and 90 countries. Customers include Achilles, Arkadin, Bell, Concur, The Depository Trust and Clearing Corporation (DTCC), Cetip, The City of Chicago, GRU São Paulo International Airport, GXS, InterCall, LifeLock, mBlox, Microsoft, PGi, O'Hare Airport, Telia Sonera, TELUS, and TELMORE. The company is headquartered in Boston, with offices in London, Paris and Rio de Janeiro. MetraTech is a venture-backed, privately held company whose investors include Accel Partners, Meritech Capital and Vesbridge Partners. For more information, please visit www.metratech.com
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