WALTHAM, MA--(Marketwire - April 27, 2010) - MetraTech Corp., the innovative charging, billing, settlement and customer care product provider, has been selected by OnStream, a National Grid Company, which provides gas and electricity metering solutions to energy suppliers in Great Britain, to provide the billing element of OnStream's extensive business transformation program.
"MetraTech's ability to let us adapt our business model in the new world of smart meters and to enable our sales team to implement contracts tailored to our customers needs will help us to create both an efficient and more responsive organization," said Declan McLaughlin, head of transformation, OnStream.
MetraNet, MetraTech's billing and customer care application, will be deployed to support both OnStream's traditional meters and the roll out of its new smart meter business model in the UK. OnStream's transformation program is focused on putting its customers at the heart of the organization to enable the company to become the 'smart metering partner of choice.'
In the highly competitive energy utilities market, the need to shift to an innovative business model that can enable smart meter deployment across Great Britain is critical to OnStream's future success. OnStream has implemented a transformation program to build smart-ready capability in the business and is establishing fully integrated gas and electricity systems and processes for the smart world. These developments will enhance customer service levels, ensuring the customer is at the center of OnStream's business. An active participant in industry discussions and government policy development, OnStream has already installed 27,000 smart and Automated Meter Reading (AMR) meters in homes and businesses.
"Smart metering represents the critical pathway for OnStream's future," said Sharon Rodriguez, Director, OnStream. "Being able to leverage this new technology to deliver highly competitive, unique customer offerings is only possible if the infrastructure required to support the resulting contracts is in place. With MetraNet's Dynamic Business Modeling capabilities, we expect to achieve the nimbleness required to face the challenges of an evolving smart metering market."
MetraNet's proven ability to develop innovative and often yet unseen business models across a variety of industries including transportation, telecoms and financial services made it an obvious choice for OnStream. For OnStream, MetraNet will be managing the complex billing contracts for the company's customers and the payments to its service providers. Both customers and service providers will be able to view and configure their bills online, thus giving far better service and reducing the amount of queries to the company.
"We are delighted to partner with OnStream as they seek to transform their business," said Scott Swartz, and Chief Executive Officer, MetraTech. "We are excited by the opportunity to add to MetraNet's proven expertise in bringing new business models to life, already demonstrated across a variety of different industries."
About MetraTech
MetraTech Corp. offers a new approach to charging, billing, settlement and customer care enabling organizations to embrace change without compromise. MetraNet, our flagship product, is unique in its ability to automate business processes and business models that address rapidly changing, complex or radical business strategies across any industry for an unlimited number of services. MetraNet is deployed globally, enabling diverse customers to build innovative and successful business models, securely collect revenue, and manage their entire customer lifecycle in some 12 languages, 26 currencies and 90 countries. MetraTech offers a variety of delivery options ranging from licensing to outsourcing. Headquartered in Boston, MetraTech has offices in San Francisco, Munich, Paris, Singapore, Rio de Janeiro and London. MetraTech is a venture-backed, privately held company whose investors include Accel Partners, Bessemer Venture Partners, Meritech Capital, and Vesbridge Partners. For more information, please visit www.metratech.com.
About OnStream
OnStream, a National Grid company (the UK's largest investor-owned utility), is one of Britain's leading metering companies, providing gas and electricity metering solutions to energy suppliers across Great Britain. This includes installing and managing domestic and non-domestic meters, with more than 4 million installed to date. In addition, OnStream provides gas meter reading services for both domestic and non-domestic customers. It currently operates traditional meter reading services alongside world-class Automated Meter Reading services, through which it collects consumption data on a daily basis. OnStream also offers smart metering services aimed at improving service provision and reducing environmental impact and has, so far, installed 27,000 smart and AMR meters in homes and businesses. To support smart metering it offers data collection and aggregation services ensuring a holistic, end-to-end service for its customers. For more information please visit www.onstream.co.uk.
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Contact Information:
Media Contacts
In North America:
Barbara Reichert
Reichert Communications for MetraTech Corp.
Telephone: 415.248.0230 ext 7012
Email address: barbara@reichertcom.com
In Asia:
Melinda Ilagan
East West Public Relations
Telephone: 65.9816.4529 or Skype: melinda_ewpr
Email address: melinda@eastwestpr.com
MetraTech:
Keith Brody, Head of Communications
Telephone: 44(0)7790 245779
Email address: kbrody@metratech.com