Magenta netLogic Ltd enters US market through a new venture
to offer
web-based integrated pricing and service delivery to the telecommunications
industry
Chicago – May 4, 2004 -- Magenta
netLogic Ltd, United Kingdom, announces that it will enter the
US market through a new venture with 20/20 Technologies. The
company will be jointly headquartered in Chicago, Illinois and
Salford, UK and will be known as Magenta netLogic.
This new venture will offer a web-based system that will
provide accurate pricing, design and inventory information
for telecom providers, telecom integrators, cellular providers
and ISP globally. “Our primary goal is to develop an
integrated pricing and delivery mechanism that will allow
the industry as a whole to be more effective. This new system
will reduce cost and delivery time for local loops, POP to
POP long haul circuits, and end-to-end circuits in the United
States and around the world,” states George King, president
of Magenta netLogic.
Magenta already offers a tariff and custom contract pricing
and design tool for over 35 international service providers,
supporting the top international carriers in the world. It
currently supports 4000 tariffs and over 8 million data elements
of supply. The combined company plans to offer a ground breaking
web-based product that will combine the existing tariff database
with competitive pricing and inventory information in the
US and globally. The first version will have more than 1 million
data elements associated with the US.
“We are excited about the merger with Magenta netLogic.
Magenta has the most extensive pricing tool for international
local access circuits. It supports over 65 countries directly
and the staff offers local language support for Arabic, Chinese,
English, French, German, Italian, Portuguese, Russian, and
Spanish. Magenta has been working for over 7 years with international
carriers enhancing their ability to provide seamless connectivity
across multiple countries. It has a proven track record for
success, which is critical to its customers,” commented
Mr. King.
“Magenta has always targeted expansion into the US
to support its international customer base. The team in the
US has exceptional capacity to accelerate this with their
decades of experience and success in the US market. Their
collective vision and knowledge will be crucial to Magenta’s
establishment of a global presence,” commented Joss
Wynne Evans, managing director, Magenta netLogic Ltd.
Magenta netLogic will have additional offices in London and
New York.
About Magenta netLogic
Magenta netLogic is a wholly owned subsidiary of 20/20 Technologies,
LLC, specializing in web-based telecommunications products,
which enhance the effectiveness of the industry. Leveraging
proprietary global telecommunications tariff information,
skilled data analysts and programmers; Magenta provides innovative
tools and systems to manage circuit connectivity for global
telecommunications carriers, systems integrators and end-users.
20/20 Technologies is a holding company, founded in 2003 by
seasoned telecommunication veterans, to help multi-national
corporations and international carriers ease off-net connectivity
through supply chain tools.
Email: sales@magenta-netlogic.com
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