MDS Global’s Continuing Financial Success Underpins Global Expansion
WARRINGTON, England--(BUSINESS WIRE)--Sep 24, 2018--MDS Global Ltd a leading BSS-as-a-Service provider has reported, in its latest financial results, 9% increase in revenues, strong EBITDA growth and a substantial increase in its revenue backlog from long term committed contracts. The result is a solid financial base on which the company plans to continue its international expansion overseas and a substantial investment in products delivered through its cloud-based BSS-as-a-Service solution.
MDS Global, headquartered in UK, provides cloud-based business support systems (BSS) for the telecoms and wider digital markets, having supplied the likes of BT, Telefónica UK, TalkTalk, Dixons Carphone and eir with business solutions over many years.
Core to MDS Global’s current strategy is building the group’s overseas presence. Gary Bunney, CEO, MDS Global said, “We have been investing in expanding MDS Global’s international profile through extending our worldwide partnership network. This is already paying dividends and earlier this year we were delighted to be recognised as the Best International MVNO Facilitator at MVNO World Congress 2018.”
A key element underpinning the MDS Global push overseas is product development. The group has launched a range of BSS-as-a-Service solutions, incorporating its own billing and analytics platform along with proven expertise and IP in running revenue management and assurance operations. In late 2017, MDS Global launched VNOnDemand which offers MVNOs a cost-effective out of the box digital BSS platform “On Demand”. This will be followed by B2BonDemand in 2018, the latest version of its Enterprise BSS solution, now cloud-based. This platform, again delivered as-a-service, supports service providers with new digital engagement tools designed for efficient and personalised interaction with SME and Enterprise markets. B2BonDemand also includes full capabilities to monetise IoT applications which are a significant growth opportunity in the telecoms market.
Chief Executive, Gary Bunney, continued,“2017 was a year of good progress in which we increased revenues, substantially grew profitability and secured long term contracts of three to five years for our core BSS-as-a-service proposition. These strong results will underpin our expansion objectives for the coming years.”
About MDS Global
MDS Global is a leading BSS-as-a-Service provider of VNO, B2B and IoT solutions. We look after all aspects of monetisation, assurance and customer steering for complex products and services. We offer a digital operating model in a DevOps context, which enhances stakeholder experiences and provides unprecedented business agility.
Headquartered in the UK, MDS Global’s customers include BT Business (UK), eir (Ireland), iD Mobile from Dixons Carphone (UK), TalkTalk (UK), Telefónica (UK), Vodafone (Germany, Greece and Belgium), Orange (Belgium), KPN (Netherlands) and Telia (Denmark).
For more information, please visit www.mdsglobal.com.
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CONTACT: MDS Global
Tel: +44 (0) 7909 475815
KEYWORD: UNITED KINGDOM EUROPE
INDUSTRY KEYWORD: TECHNOLOGY DATA MANAGEMENT NETWORKS TELECOMMUNICATIONS PROFESSIONAL SERVICES CONSULTING FINANCE
SOURCE: MDS Global Ltd
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PUB: 09/24/2018 04:00 AM/DISC: 09/24/2018 04:01 AM