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TM Forum’s prestigious award recognizes the organizations making a significant contribution to the acceleration of digital transformation throughout the telecom industry
Finland – 6th July, 2020: Tecnotree, the global provider of digital transformation products and platforms for the telecom industry, announced today that it has been selected as a finalist for TM Forum’s Excellence Awards 2020. Tecnotree is recognized in the ‘Cloud Native IT and Agility’ category for its agile approach in simplifying Telefonica’s (Peru) architecture by providing a full-lifecycle solution for its OTT (over-the-top) video services.
Since 2007, the Excellence Awards recognize the world’s leading companies for their innovative achievements spanning digital transformation, business and IT agility, customer centricity, cross-industry partnering and collaboration, and product and service innovation. The awards also recognize the organizations making a significant contribution to the acceleration of digital transformation throughout the industry.
In April 2019, Tecnotree and Telefonica started the engagement to accelerate customer experience for Telefonica’s customers by transforming its video service offering, ‘Movistar Play’ with the capabilities to expand the video offering to a wider customer base and to deliver new services faster in an agile manner. Tecnotree implemented the Tecnotree Surge - Digital Accelerator Platform, which enables Digital Service Providers (DSPs) to embark on the digital transformation journey without having to forklift the entire infrastructure to a new digital-ready stack.
Tecnotree Surge provides a flexible, configurable digital layer that facilitates the creation and launching of digital-ready experiences, APIs and processes by abstracting the complexities of the legacy and monolithic applications. Additionally, Tecnotree Surge platform creates an Omni-channel experience by enabling services exposure across multiple customer channels. The program was delivered in an agile incremental business value delivery approach. While it enhanced quickly the infrastructure agility, it also delivered several business benefits, including an increase in revenue through subscription lifecycle management, reduction in cost by infrastructure consolidation, and compliance with TM Forum’s open digital framework. Details of the project are available here.
“Congratulations to Tecnotree for being selected as a finalist for this year’s prestigious Excellence Awards,” says Nik Willetts, CEO, TM Forum. “The entries selected by our impartial judging panel make an inspiring set of real-world digital transformation case studies. The business results achieved by this year’s finalists demonstrate that real change is possible and underscore the critical importance of collaboration and co-creation to the future of our industry. I look forward to congratulating the winners in October.”
“We are ecstatic to be recognized as a finalist for the TM Forum 2020 Excellence Awards. It was not a typical product deployment project at Telefonica, and involved both organisations working together as one-team in paving the foundational digital transformation journey to deliver a superior customer experience for their customers. Enhancing business agility was a key success area for Telefonica and in order to achieve this, we deployed Tecnotree Surge, an innovative platform based on TM Forum Open API and Business Process Framework.” – comments Padma Ravichander, CEO of Tecnotree Corporation.
FURTHER INFORMATION Padma Ravichander, CEOtel. +97 156 414 1420 www.tecnotree.com
TM Forum is an association of over 850 member companies that generate a combined US$2 trillion in revenue and serve five billion customers across 180 countries. We drive collaboration and collective problem-solving to maximize the business success of communication and digital service providers and their ecosystem of suppliers around the world. Today, our focus is on supporting members as they navigate their unique digital transformation journeys, providing practical and proven assets and tools to accelerate execution and platforms to facilitate collaborative problem solving and innovation.
Tecnotree is a global provider of digital technologies for the management of products, customers and revenue for the Telecom Industry. Tecnotree helps Communications Service Providers to transform their business towards a marketplace of digital services. Tecnotree empowers service providers to monetize service bundles, provide personalized user experiences and augment value throughout the customer lifecycle. With a global footprint, Tecnotree serves around 90 service providers in around 70 countries. Tecnotree is listed on the main list of NASDAQ Helsinki with the trading code TEM1V.