LogiSense, a global usage-based rating and billing solutions provider, announced today that KORE, the largest independent provider of managed network and layered application enablement services in the Internet of Things market, has selected LogiSense to help enhance its channel partnership program by introducing bill-on-behalf-of capabilities.
The LogiSense platform will integrate into KORE’s PRiSMPro connectivity management platform to give channel partners access to a fully automated, cloud-based solution that will act as a single source for managing millions of end devices, along with white-label billing capability to help partners grow their customer base, improve customer experiences and enhance recurring revenue streams.
As the IoT market continues to explode, the growth opportunity has moved beyond a simple device or hardware deployment that only generates one-time revenue and low profit margins. The ability to monetize IoT solutions and create a recurring revenue stream is an emerging business model that enables KORE to enhance the value-added services it provides its channel partners.
By extending its platform with LogiSense’s integrated rating and billing management capabilities, KORE is well positioned to capitalize on the market opportunity with partners and customers who are seeking to maximize revenue from connected IoT solutions via the ability to manage any subscription, transaction, or usage-based pricing model.
"By incorporating monetization into its already robust product portfolio that includes secure, managed connectivity, hardware and devices from leading manufacturers, location-based services, and world-class support to enable IoT deployments, KORE is able to enhance its position in the market and provide a more comprehensive service to its partners and customers," said Flavio Gomes, CEO, LogiSense.
"At KORE, we recognized the opportunity to include usage-based rating and billing as part of our PRiSMPro IoT connectivity management platform. This solution is exactly what our partners need as it provides them with access to next generation IoT technologies and capabilities that enable them to launch new services quickly, monetize them, and do so in a very cost-effective manner," added Sue Holub, Chief Marketing Officer, KORE.
LogiSense provides licensed and Software-as-a-Service (SaaS) usage rating, mediation and subscription billing solutions for the Internet of Things, telecommunications, unified communications and enterprise service providers. LogiSense’s carrier-grade solutions are built on its proprietary, real-time usage rating and subscription billing platform, EngageIP. LogiSense designed EngageIP from the ground-up to be service, medium and provider agnostic, enabling it to grow with customers as they evolve their business operations and end user offerings. EngageIP provides the flexibility and scalability to address the service, billing and back-office realities facing today’s rapidly-evolving communications service providers. Founded in 1998, LogiSense currently services more than 40 customers in six countries. More info: www.logisense.com | Twitter: @LogiSense | Linkedin:LogiSense on Linkedin
KORE Wireless Group (“KORE”) is the largest independent provider of managed network and layered applications enablement services within the emerging Internet of Things (“IoT”) market. With operations in the USA, Canada, Australia, Singapore, UK, Netherlands, Brazil and the Dominican Republic, KORE provides service to more than 3,500 applications providers and enterprise customers who integrate KORE services into diverse, industry-specific applications, including fleet management, healthcare, security, utilities, field services, asset management and tracking, and many more. For more information about KORE, visit www.korewireless.com or follow KORE on Twitter: @KORE_Wireless or LinkedIn: KORE on LinkedIn.