MDS has announced the acquisition of Spend Analyzer technology from Lavastorm Analytics.
The product will become MDS Spend Analyzer, an enterprise and SME e-billing and analytics tool that enables business customers of communications service providers (CSPs) to view and control their business telecoms costs. Efficient for both customer-facing and business management functions, MDS Spend Analyzer enables DSPs to present an integrated online view of products and services to business customers, thereby delivering increasing levels of value and control while simultaneously reducing billing complexity and minimising cost to serve.
Mark Edwards, the chief executive of MDS, said: “We are delighted to add MDS Spend Analyzer to our product portfolio, allowing us to deepen our presence and relationship with a market that is strategic to MDS’s future. We are bringing in skilled and knowledgeable people who will make a positive contribution to our business. We look forward to offering MDS Spend Analyzer as a complementary product to our B2B and enterprise CMP customers.”
Spend Analyzer’s online customer-centric view presents businesses with a clear and consistent view of all their services, providing them with insights into company-wide usage and expenditure. A range of standard reports is augmented by custom reporting, enabling them to analyse the detail of their business usage, along with automatic report generation and distribution. Proactive budget monitoring is measured against a range of custom criteria, with issues flagged to the user, providing real-time control and helping to prevent bill shock.
Upon completion of the acquisition in November, the Lavastorm Spend Analyzer team, product, customers, and technical assets will transfer to MDS.
