Nexign, a leading Business Support System (BSS) and Internet of Things (IoT) platform provider headquartered in St. Petersburg, Russia, has announced new capabilities to its product portfolio that will allow communications service providers (CSPs) in Africa and beyond to build digital partnerships and collaborate more efficiently with other industry players on a global level.
The new capabilities will enable CSPs to create new business models, accelerate time-to-market for new advanced products and services and reduce total cost of ownership (TCO) by up to 25%. This will be made possible all while improving the overall user experience.
Nexign employs 1,800 people in offices through Russia, the Commonwealth of Independent States, South-East Asia, the Middle East and Africa. The company has delivered more than 120 projects across 14 countries and had revenue of $200 million in 2018, an increase of 63% over 2017.
Just five months ago, the firm announced plans to open the company’s Middle East and Africa (MEA) headquarters in Dubai, UAE as part of its expansion in the region.
This week, commenting on the importance of collaboration in the telecoms sector, Principal Analyst at UK-based research company, Analysys Mason, John Abraham said that ecosystems are at the heart of what makes a digital service provider (DSP) truly successful.
“To this end, in order to enable a value-driven ecosystem around its core offerings, operators must have the platforms in place that can not only seamlessly onboard new partners and enable them to offer their services, but also offers true value to partners that choose to be part of the operator ecosystem. This makes partnerships and ecosystems absolutely critical for operators,” he added.
As part of its growth strategy, Nexign has entered in to an exclusive partnership with a tech firm known as Bubbletone. The two companies have developed a joint solution-a blockchain-based marketplace for digital service providers that provides operators the opportunity to create new roaming products and complex bundles, including digital non-telco services that can be offered in a personalised manner to roaming subscribers.
“The growing demand from subscribers for more varied and personalised offerings…requires operators to diversify their revenue streams by unlocking the opportunities offered by IoT, 5G and blockchain,” explained Chief Products and Marketing Officer at Nexign, Loukas Tzitzis.
“This is not possible without efficient collaboration. With the new capabilities of the Nexign product portfolio, communications service providers will be able to seamlessly and efficiently build global partnerships and capitalise on the many benefits of an open ecosystem,” he said.