RESTON, Va.--(EON: Enhanced Online News)--Transaction Network Services (TNS) a leading provider of critical data communications services for the telecommunications, payments and financial services industries, announced today that it has expanded its innovative telecommunications solutions portfolio with the acquisition of RoamEx of Toronto, Canada. TNS’ roaming services portfolio enables wireless phone subscribers to travel outside of their home market and make phone calls, access the Internet and receive email. RoamEx’s state-of-the-art near real-time fraud prevention and mitigation platform will become a key element of the TNS roaming services portfolio providing cutting-edge anti-fraud solutions to mobile operators.
“I am very excited about the acquisition of RoamEx and the additional opportunities it will create”
The industry leader in wireless roaming fraud detection and prevention, RoamEx enables mobile operators to offer a wide range of roaming options with substantially less risk by providing them with a best-in-class integrated suite of scalable, standards-based solutions for wireless fraud control. RoamEx provides immediate roamer visibility to GSM and CDMA mobile operators in over 50 countries, enabling reliable and cost effective fraud management. RoamEx sets industry standards through extensive R&D and industry participation, being the first to provide roaming records exchange to both the GSM industry and CDMA mobile operators and to date remains the only wireless data exchange in the world for the CDMA roaming fraud industry.
“I am very excited about the acquisition of RoamEx and the additional opportunities it will create,” said Surendra Saboo, CEO of TNS’ Telecom Services Division, “and we believe that with TNS’ strategy to develop innovative solutions and invest in the wireless and roaming markets, the RoamEx platform will become a key component of TNS’ roaming portfolio. Our RoamEx platform will assist mobile operators through expanded service offerings, fraud elimination, and increased revenues.”
Established in 1993, RoamEx has been a pioneer in protecting mobile operators against revenue loss through providing fraud detection and prevention services. RoamEx detects and prevents wireless fraud by processing tens of billions of wireless usage data every month from carriers around the globe. Deployed in a software-as-a-service model, RoamEx uses their unique market solutions to help mobile operators of all sizes avoid revenue losses, reduce bad debt, ensure subscriber identity and combat wireless device theft. Providing near real-time coverage worldwide, RoamEx empowers mobile operators to immediately detect and respond to fraud threats which enables those operators to negotiate more favorable roaming agreements with other operators and offer restriction-free roaming to their subscribers. The result, increased revenues with reduced risk.
TNS provides network, database and next generation services to over 1100 telecommunications companies around the world, services to customers in 60 countries worldwide and can access virtually any SS7 legacy or IP network around the globe.
For further information about TNS please visit www.tnsi.com
About Transaction Network Services
TNS is a leading provider of data communications and interoperability solutions.
TNS offers a broad range of networks and innovative value-added services which enable transactions and the exchange of information in diverse industries such as retail, banking, payment processing, telecommunications and the financial markets.
Founded in 1990 in the United States, TNS has grown steadily and now provides services in over 60 countries across the America, Europe and the Asia Pacific region, with our reach extending to many more. TNS has designed and implemented multiple data networks which support a variety of widely accepted communications protocols and are designed to be scalable and accessible by multiple methods.
For further information about TNS, visit www.tnsi.com.