MetraTech expands into AsiaPacific region

Boston, MA and London, UK, June 11, 2007 – MetraTech Corp., the leading provider of Web Services-based billing, customer self-care and partner management, has announced its expansion into the Asia-Pacific region with the opening of a new office in Singapore.  Located in the prestigious Suntec Tower 3, the new location will enable the company to better serve its growing roster of clients and partners in the Far East. 

The company’s MetraNet solution, the first to bring Dynamic Business Modeling to the billing market, enables service providers to rapidly and cost effectively implement new business models.  Both leading tier one operators such as Telus, and cutting edge companies such as Blyk, have deployed the solution in recent months.  MetraNet is already generating significant interest in the highly competitive Asian region where time-to-market and Return-on–Investment considerations are paramount.

Noted Vladimir Mitrasinovic, senior vice president, global sales and marketing, MetraTech: “the opening of the company’s first office in the Far East represents another significant step in our development.  It underlines that MetraNet’s success in the global market is fuelling real, ‘bricks and mortar’ growth.  In light of the opportunities and interest we are already experiencing in the region, we expect our presence in Singapore to make an immediate and real contribution to MetraTech’s continuing success.” 

Added Scott Swartz, chief executive officer, MetraTech: “The billing market is reaching an inflection point in which hard wired, third-generation billing systems architected around embedded ‘best practice’ approaches are no longer viable.  This inflection point is quickly becoming acute in the AsiaPacific region due to service providers’ aggressive plans to deploy sophisticated, innovative and novel services and business models.  The ability to dynamically reflect and automate, rather than laboriously translate, these business models has created a growing demand for the MetraNet platform.”

About MetraTech
MetraTech Corp. provides the leading Web Services-based solution for billing, customer self-care, and partner management. MetraNet, MetraTech's modular flagship platform, empowers customers to invent new business models and enhance collaboration among IT, business groups and subscribers. MetraTech offers a variety of delivery options ranging from licensing to outsourcing. Headquartered in Boston, MetraTech has offices in San Francisco, Frankfurt, Paris and London. MetraTech is a venture-backed, privately held company whose investors include Accel Partners, Vesbridge Partners (formerly St. Paul Venture Capital), Meritech Capital, Bessemer Venture Partners and Lucent Venture Partners. For more information, please visit www.metratech.com.

MetraTech is a registered trademark, and the MetraTech logo is a trademark of MetraTech Corp. All rights reserved. All company, brand, product, and service names are trademarks or registered trademarks of their respective holders.

Media Contacts

For additional information or to arrange an interview, please contact:
Sarah Bedwell
Mustard PR for MetraTech Corp.
Telephone: +44 (0)1628 502601
Email Address: sarah@mustardpr.com

Keith Brody
Head of Communications
MetraTech Corp.
Telephone: 44(0)7790 245779
Email address: kbrody@metratech.com

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