IDC forecasts cloud billing market to grow at 78.5% CAGR from 2008 to 2014
VANCOUVER, March 2 /CNW/ - Monexa (http://www.monexa.com/), the leader in flexible subscription billing, is setting the pace for rapid implementation. Fully one-third of all new customers since the beginning of 2009 went live on Monexa Billing within 30 days of contract signing, demonstrating the speed advantage and quick return on investment that cloud-based solutions provide.
The SaaS and Cloud Services market is growing rapidly. Market intelligence company IDC forecasts this Cloud Billing Market to grow at a 78.5% CAGR from 2008-2014. (IDC, Worldwide Cloud Billing 2009-2014 Forecast (http://www.idc.com/getdoc.jsp?sessionId=&containerId=221358&sessionId=3VEJ5P5P0XTEACQJAFDCFFAKBEAVAIWD), Doc No. 221358, December 2009). Monexa Billing is specifically aimed at helping these high growth companies better monetize their services. As SaaS and Cloud Services companies shift to a subscription business model, they require the same tools Monexa provides their telecom clients in order to rapidly roll out new services.
"Since the beginning of 2009 we have signed more new contracts than any other period in the company's history. Because of our comprehensive product and decade of experience, one-third of those customers went live in under 30 days. We're proud to be part of our clients' success." states John Jacobson (http://www.monexa.com/index.php/about-us/management.html), President and CEO of Monexa.
The billing and payments industry has been characterized by multi-million dollar up front investments in billing software and long implementation times. Monexa's on-demand subscription billing service, Monexa Billing, is proving companies can get the same flexible billing solution available in on-premise software with the return on investment and speed advantages of a cloud solution.
Monexa offers a flexible on-demand subscription billing solution that provides a scalable environment for expediting the launch of products, services and applications online. This accelerates our customers' time to market and revenue return.
Monexa pioneered the on-demand subscription billing space and has worked with hundreds of businesses to help monetize their services. Having the most capable and open subscription billing solution in the cloud, combined with proven billing industry expertise, sets Monexa apart from other service providers. Monexa's customers range in size from high growth SaaS and Cloud Infrastructure companies like Untangle and ActiveState to large household name companies like AOL Canada, Sprint, Amway and Bell Mobility. For more information visit http://www.monexa.com.
This news release contains forward-looking statements. Actual events or results may differ materially from those described in the forward-looking statements due to a number of risks and uncertainties, including changes in financial and product market conditions. Forward-looking statements are based on management's estimates, beliefs, and opinions. The Company assumes no obligation to update forward-looking statements, other than as may be required by applicable law.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
High resolution photos and interview opportunities available.
SOURCE MONEXA TECHNOLOGIES CORP.
For further information: For further information: Investor Contact: John Bean, CFO, D: (604) 630-5657, E: firstname.lastname@example.org; Media Contact: Sara Pereira, Sara Pereira: Marketing & Communications, P: (778) 772-3208, E: email@example.com