Innovation Observatory Highlights LogNet Systems’ Focus on Smart Grid Billing
Analyst firm recognizes LogNet Systems for helping utility providers and municipalities make better usage of smart meter data for new services and revenues
London, United Kingdom (March 7, 2012) – LogNet Systems, a global provider of customer management and billing solutions for multiple play service providers, today announced that the company’s focus on smart grid billing has been recognized by the industry analyst house and consultancy Innovation Observatory.
LogNet Systems is profiled in a market report published by Innovation Observatory titled Smart Grid Billing Outlook 2012-2016, which analyzes the opportunities for utility providers and municipalities to create new services and revenues, increase process efficiency and develop business models for multi-service environments.
“While smart meter deployments have been growing steadily over the last 3-4 years, utilities’ IT system priorities have been focused on preparing for how to deal with large volumes of smart meter data. We expect to see the emphasis change towards making use of that data to develop innovative tariffs and new services. All this will require a change to legacy billing systems used by utilities,” explained Danny Dicks, Principal Consultant at Innovation Observatory and author of the report. “Those solutions that are designed to bill for multiple services – LogNet’s MaxBill system for instance – will enable utilities and municipalities to turn smart meter data into valuable services and new revenue.”
Innovation Observatory explained in the report that LogNet Systems as a vendor with a background in telecommunications is positioned to win business with forward-looking utility providers and municipalities in deregulating economies as well as new entrants in competitive markets.
“The important recognition from Innovation Observatory is a great endorsement of our strategic investment in the smart grid sector and our commitment to the utilities market,” said Kirill Rechter, CEO of LogNet Billing. “Utility companies are following a similar evolutionary path previously taken by many telcos and we believe that we are strongly positioned to help these utilities succeed in newly competitive markets and progress into multiple service operations.”
About LogNet Systems
LogNet Systems empowers leading service providers worldwide to navigate their businesses to greater profits. LogNet Systems’ innovative customer management and billing solutions serve a variety of single and multiple service operations, creating opportunities for service providers to efficiently add new services or merge multiple business lines, while significantly reducing the complexity of operations and associated IT costs. Solutions from LogNet Systems are based on a modular product portfolio that includes billing, rating, product catalog, CRM, self care, e-billing and data analysis. LogNet Systems has designed and deployed over 60 complex customer management and billing solutions for communications, utilities, financial and transportation service providers worldwide. LogNet Systems is headquartered in the United Kingdom and has offices and representation across EMEA, APAC and Americas.
For more information, please visit our web site at www.lognet-systems.com.
About Innovation Observatory
Innovation Observatory (www.innovationobservatory.com) researches, analyses and interprets fast-moving technology markets. Its research and consulting services help companies and other organisations to better understand their markets and how industries are changing; and to identify, respond to and drive innovation now and in the future. Through these services, Innovation Observatory helps its customers and clients improve existing revenues, open up new markets, cut costs and drive profit.
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