Click here to close now.




















Welcome!

News Feed Item

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

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]

More Stories By Business Wire

Copyright © 2009 Business Wire. All rights reserved. Republication or redistribution of Business Wire content is expressly prohibited without the prior written consent of Business Wire. Business Wire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
"We've just seen a huge influx of new partners coming into our ecosystem, and partners building unique offerings on top of our API set," explained Seth Bostock, Chief Executive Officer at IndependenceIT, in this SYS-CON.tv interview at 16th Cloud Expo, held June 9-11, 2015, at the Javits Center in New York City.
Mobile, social, Big Data, and cloud have fundamentally changed the way we live. “Anytime, anywhere” access to data and information is no longer a luxury; it’s a requirement, in both our personal and professional lives. For IT organizations, this means pressure has never been greater to deliver meaningful services to the business and customers.
Digital Transformation is the ultimate goal of cloud computing and related initiatives. The phrase is certainly not a precise one, and as subject to hand-waving and distortion as any high-falutin' terminology in the world of information technology. Yet it is an excellent choice of words to describe what enterprise IT—and by extension, organizations in general—should be working to achieve. Digital Transformation means: handling all the data types being found and created in the organizat...
SYS-CON Events announced today that HPM Networks will exhibit at the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. For 20 years, HPM Networks has been integrating technology solutions that solve complex business challenges. HPM Networks has designed solutions for both SMB and enterprise customers throughout the San Francisco Bay Area.
Chuck Piluso presented a study of cloud adoption trends and the power and flexibility of IBM Power and Pureflex cloud solutions. Prior to Secure Infrastructure and Services, Mr. Piluso founded North American Telecommunication Corporation, a facilities-based Competitive Local Exchange Carrier licensed by the Public Service Commission in 10 states, serving as the company's chairman and president from 1997 to 2000. Between 1990 and 1997, Mr. Piluso served as chairman & founder of International Te...
The Software Defined Data Center (SDDC), which enables organizations to seamlessly run in a hybrid cloud model (public + private cloud), is here to stay. IDC estimates that the software-defined networking market will be valued at $3.7 billion by 2016. Security is a key component and benefit of the SDDC, and offers an opportunity to build security 'from the ground up' and weave it into the environment from day one. In his session at 16th Cloud Expo, Reuven Harrison, CTO and Co-Founder of Tufin,...
Container technology is sending shock waves through the world of cloud computing. Heralded as the 'next big thing,' containers provide software owners a consistent way to package their software and dependencies while infrastructure operators benefit from a standard way to deploy and run them. Containers present new challenges for tracking usage due to their dynamic nature. They can also be deployed to bare metal, virtual machines and various cloud platforms. How do software owners track the usag...
SYS-CON Events announced today that MobiDev, a software development company, will exhibit at the 17th International Cloud Expo®, which will take place November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. MobiDev is a software development company with representative offices in Atlanta (US), Sheffield (UK) and Würzburg (Germany); and development centers in Ukraine. Since 2009 it has grown from a small group of passionate engineers and business managers to a full-scale mobi...
With SaaS use rampant across organizations, how can IT departments track company data and maintain security? More and more departments are commissioning their own solutions and bypassing IT. A cloud environment is amorphous and powerful, allowing you to set up solutions for all of your user needs: document sharing and collaboration, mobile access, e-mail, even industry-specific applications. In his session at 16th Cloud Expo, Shawn Mills, President and a founder of Green House Data, discussed h...
For IoT to grow as quickly as analyst firms’ project, a lot is going to fall on developers to quickly bring applications to market. But the lack of a standard development platform threatens to slow growth and make application development more time consuming and costly, much like we’ve seen in the mobile space. In his session at @ThingsExpo, Mike Weiner, Product Manager of the Omega DevCloud with KORE Telematics Inc., discussed the evolving requirements for developers as IoT matures and conducte...
There are many considerations when moving applications from on-premise to cloud. It is critical to understand the benefits and also challenges of this migration. A successful migration will result in lower Total Cost of Ownership, yet offer the same or higher level of robustness. In his session at 15th Cloud Expo, Michael Meiner, an Engineering Director at Oracle, Corporation, analyzed a range of cloud offerings (IaaS, PaaS, SaaS) and discussed the benefits/challenges of migrating to each offe...
One of the hottest areas in cloud right now is DRaaS and related offerings. In his session at 16th Cloud Expo, Dale Levesque, Disaster Recovery Product Manager with Windstream's Cloud and Data Center Marketing team, will discuss the benefits of the cloud model, which far outweigh the traditional approach, and how enterprises need to ensure that their needs are properly being met.
In their session at 17th Cloud Expo, Hal Schwartz, CEO of Secure Infrastructure & Services (SIAS), and Chuck Paolillo, CTO of Secure Infrastructure & Services (SIAS), provide a study of cloud adoption trends and the power and flexibility of IBM Power and Pureflex cloud solutions. In his role as CEO of Secure Infrastructure & Services (SIAS), Hal Schwartz provides leadership and direction for the company.
In a recent research, analyst firm IDC found that the average cost of a critical application failure is $500,000 to $1 million per hour and the average total cost of unplanned application downtime is $1.25 billion to $2.5 billion per year for Fortune 1000 companies. In addition to the findings on the cost of the downtime, the research also highlighted best practices for development, testing, application support, infrastructure, and operations teams.
The Internet of Everything (IoE) brings together people, process, data and things to make networked connections more relevant and valuable than ever before – transforming information into knowledge and knowledge into wisdom. IoE creates new capabilities, richer experiences, and unprecedented opportunities to improve business and government operations, decision making and mission support capabilities.