ECT Defies Market Trends, Making 2019 a Landmark Year
Summary
- Within the framework of ECT’s Joint Agile Product Development, the company’s Innovation Department successfully launched its cutting-edge application for unified communications and collaboration, ECT Workspace, with selected CSPs. We empower BT, Deutsche Telekom, DNA, Hi3G, izzi, KCOM, KPN, Liberty Global, Proximus, TalkTalk, Teliasonera, Totalplay, Virgin Media, Videocon, VodafoneZiggo, among many others. In addition, due to the high order backlog at the close of 2019 and maintenance contracts for 2020, ECT already has more than 12 million EUR on its books for this year and anticipates continued record growth.This landmark development is in line with the Board’s long-term goal of maintaining at least 20% year-to-year revenue growth. This is a commitment we make to all the colleagues in our fantastic ECT team and especially to our much appreciated customers.”Key highlights for 2019 include:Expanded Depth and Breadth of Customer Relationships- The vast majority of the orders were received from first-tier carriers which have been ECT customers for 10 years and longer, attesting to the deep satisfaction of the company’s customer base.- In addition, the company, whose roots are in Europe, continued to expand its footprint in the Americas with new customer acquisitions and conducted direct sales worldwide.- With one of Finland’s leading telecommunications operators, DNA, the company closed a three-year contract worth many millions of euros for the provision of, amongst other things, licenses for ECT’s application for Virtual PBX / Unified Communications, a license for the Service Creation Environment of the company’s Telephony Application Server (TAS) as well as the utilization of a Dedicated Agile Programming Squad.- In indirect sales via its partner Nokia Software, the company took part in tenders worldwide, e.g. closing yet another major multimillion deal.Major Investments in Cutting-Edge Telecoms Technology- The company founded a new R&D unit for NFVi architecture, implemented integration with Nokia’s CloudBand Application Manager (CBAM) and plans to continue certification with other major VNF Managers in 2020. We empower BT, Deutsche Telekom, DNA, Hi3G, izzi, KCOM, KPN, Liberty Global, Proximus, TalkTalk, Teliasonera, Totalplay, Virgin Media, Videocon, VodafoneZiggo, among many others.
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