Tecnotree signs three-year Managed Services agreem

Tecnotree Oyj Stock Exchange Release 25 April 2017 at 2.30pm Tecnotree signs three-year Managed Services agreement with a leading Middle Eastern Operator valued at 8.2 million Euros Tecnotree today announces an agreement with a key customer to provide managed services for Tecnotree products and related solutions for the period 2017--2019. The agreement is valued at 8.2 million Euros. “We at Tecnotree are excited about the opportunity to continue our long-term relationship with this important customer” , says Padma Ravichander, CEO at Tecnotree . “The agreement is a further confirmation of our strength and ability to continue to support operators with very large subscriber base in the area of managed services and it lays a strong foundation for our continued co-operation with our valued client.” The customer is a leading service provider in its market with 47 million subscribers. The managed services provided are part of an existing ongoing relationship. They will be provided for a range of Tecnotree products such as Tecnotree Unified Product Catalogue, Customer Lifecycle Management, Convergent Billing, Wholesale Billing as well as the Tecnotree Loyalty and Campaign Management system. Further information: Björn Wigforss, Global Head of Marketing and Communications, tel +358 40 764 9439 About Tecnotree Tecnotree is a global provider of IT solutions for the management of services, products, customers and revenue for Communications Service Providers. Tecnotree helps customers to monetise and transform their business towards a marketplace of digital services. Together with its customers, Tecnotree empowers people to self-serve, engage and take control of their own digital life. Tecnotree is listed on Nasdaq Helsinki (TEM1V). For more information, please visit  www.tecnotree.com .