MIND CTI Announces Two New Deals

(RTTNews) - MIND C.T.I., Ltd. (MNDO) Monday announced that it has won two new significant deals, one at the beginning of the quarter and one that closed last week.

According to the company, the first large win is with a wireless communications service provider in the US to support its prepaid and postpaid wireless business.

The second win is with an existing customer in East Europe, a carrier with over 1.5 million subscribers that operates in all telecom fields -- landline, wireless, broadband and TV and uses MIND's solution for part of their business.

The company said this significant win is a multi-million dollar deal and it expects to recognize its revenue during a phased implementation within the next eight to ten quarters.

MIND provides convergent end-to-end billing and customer care product based solutions for service providers as well as call accounting solutions.

"We have maintained a global presence and have increased our workforce to enable support of these larger prospects in our pipeline as they turn into new projects. These latest wins show how MIND's solutions are gaining market share," said Monica Iancu, President and CEO of MIND CTI.