MetraTech’s Network Functions Virtualization Proof of Concept Proposal Approved by ETSI

  MetraTech’s Network Functions Virtualization Proof of Concept Proposal
  Approved by ETSI

  Metadata-Based Architecture Ideally Positioned to Support NFV Billing and
                               Settlement Needs

Business Wire

WALTHAM, Mass. -- June 25, 2014

MetraTech, the leading provider of Agreements-Based Billing™, commerce and
settlement solutions, today announced that the European Telecommunications
Standards Institute (ETSI) approved a proof of concept to investigate
operational efficiency in network functions virtualization (NFV) capacity
planning, provisioning and billing. Results of this initiative, submitted
jointly with BT and Huawei, will be published mid-December 2014. MetraTech’s
metadata-driven MetraNet® billing and settlement platform can support new NFV
services and business models, as well as services in legacy silos.

In 2012, seven of the world’s leading telecoms network operators – AT&T, BT,
Deutsche Telekom, Orange, Telecom Italia, Telefonica and Verizon – initiated a
new standards group for virtualization of network functions. NFV was driven by
operators with a common goal of moving away from proprietary elements to
virtualized functions running on commodity hardware. Evidence of the interest
to drive NFV to reality has been seen through the growth of the working group
since its inception. Nineteen months later, there are now 58 global carriers
and more than 200 companies participating in seven working groups defining the
requirements for all aspects of the virtualized network and its orchestration
and management. NFV will empower carriers to build and configure networks more
flexibly and rapidly. This will diminish the time to market associated with
provisioning and scaling new services, and result in cost reduction,
flexibility and superior management.

Esmeralda Swartz, MetraTech’s chief marketing officer, said, “NFV is a
transformative technology for service provider networks. While others focus on
the technical changes required to achieve NFV, our proof of concept looks at
the business processes necessary to optimize the use of NFV. Because of our
metadata-driven architecture, we are ready to bill and settle NFV services
accurately and efficiently.”

Gartner reports, the holistic control of SDN with the elasticity of NFV gives
CSPs (communication service providers) new and more flexible business models,
but they will also need new support systems.^1 Gartner believes that the year
2017 will be the inflection point that rapidly increases the SDN and NFV
solutions adoption within the CSP environment. Gartner forecasts CSP capex for
SDN and NFV of more than $11.5 billion worldwide by 2017.^2

MetraTech’s NFV-ready MetraNet platform enables the efficient operation that
is key to achieving the benefits of the virtualized network, which requires
comprehensive interfaces between the operator’s business policies and the
network orchestrator. MetraNet facilitates the flexible configuration of the
data model, transaction processing and user interface through Web
services-compliant APIs. As a result, MetraNet conforms to a customer’s
business model and existing systems, rather than the other way around. Users
can easily create new services or leverage services in legacy silos.

MetraNet’s metadata-driven APIs and data model will support the customer
entitlement, service-level performance requirements and pricing parameters for
the static and elastic aspects of NFV, providing for the accurate allocation
of virtualized resources. MetraTech will receive the real-time performance
metrics needed to calculate customer prices and settlements due to vendors
providing the services. The findings from the proof of concept directly
support the planning efforts of the NFV industry specification working groups
and will be incorporated into the final work product of the groups.

Additional resources:
MetraTech blog: http://bit.ly/141OHwE
MetraTech on Twitter: http://bit.ly/162XVXo
MetraTech on Facebook: http://on.fb.me/14EuIDt

About MetraTech

MetraTech Corp. simplifies and enables global commerce innovation, while
helping businesses respond to an ever-changing customer and partner
relationship landscape. MetraTech empowers businesses to embrace change
through a unique Agreements-Based Billing™, commerce and settlement solution
that models and supports fluid, personalized, multi-party agreements for
customers, partners and suppliers. MetraTech customers innovatively create and
securely collect revenue, provide settlement to partners and manage their
customer lifecycle in 36 languages, 28 currencies and 150 countries.

^1 Gartner [SDN and NFV Offer CSPs a New Way to Do Business], [Akshay K.
Sharma | Akiyoshi Ishiwata], and [May 3, 2013]

^2 Gartner [Forecast Overview: SDN and NFV in Carrier Infrastructure,
Worldwide,2013], [Akshay K. Sharma | Deborah Kish | Sree Chadalavada | Laura
Flowerree | Sean Moore ], and [October 3, 2013]

Contact:

Metis Communications
Sylvie Tse, 617-236-0500 x27
metratech@metiscomm.com
 
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