Cycle30, a provider of hosted order-to-cash billing services, recently announced in a press release that it will be offering its billing and rating services offering to Arrow Electronics (News - Alert), Inc. for cloud services and machine-to-machine (M2M) applications.

“We look forward to serving Arrow Electronics and its customers in this rapidly expanding M2M and cloud services space,” said Jim Dunlap, president of Cycle30,in a press release. “The flexibility and scalability of the Cycle30 platform will enable Arrow to create billing services for M2M and cloud applications and deploy them worldwide.”

Under the agreement, Arrow customers in the Americas will have access to Cycle30's hosted order-to-cash platform for ordering, mediation, rating and billing services.

“With the Cycle30 platform, Arrow can enhance our M2M and cloud services market business with new products and flexible service models by providing billing solutions for our clients,” said David West, vice president of supplier marketing and asset for Arrow Electronics.  

“The M2M marketplace is in its infancy of possibilities, as technology changes and innovative thinking now shape the mundane into profitable new business opportunities,” said Karl Whitelock, director of operations and business support strategy at Stratecast, a division of Frost & Sullivan (News - Alert).  “Essential to the success of any M2M strategy is accurate and reliable transaction management coupled with other real-time back office services. Companies such as Arrow Electronics and Cycle30 are well positioned to meet the needs of this dynamically changing environment.”

Cycle30, Inc., a GCI (News - Alert) company, provides order-to-cash and meter-to-cash billing services, hosted in the cloud, for cable, telecommunication, utility and machine-to-machine (M2M) service operators.

The company’s hosted order-to-cash platform for wireless billing and B2B Soft’s Wireless Standard have been fully integrated under a new partnership. B2B Soft is a provider of business-to-business software solutions for retail management in the wireless/cellular retail industry. A completely hosted order-to-cash platform for scalable and reliable converged billing is provided by Cycle30 to wireless operators. Apart from customer management, service fulfillment, and billing and revenue management, the platform also includes service assurance, integrations, and inventory management and business intelligence tools.

Want to learn more about M2M technologies? Then be sure to check out the M2M Evolution conference, collocated with TMC’s (News - Alert) ITEXPO West 2011, taking place Sept. 13-15, 2011, in Austin, Texas. The M2M Evolution Conference is for those industry professionals interested in capitalizing on a rapidly growing segment of the telecom industry. The M2M Evolution Conference embraces the any-to-any strategy of the Internet today. Co-sponsored by TMC Partner Crossfire Media, it showcases the solutions, and examines the data strategies and technological requirements that enterprises and carriers need to capitalize on a market segment that is estimated to grow to $300 Billion in the year ahead. To register, click here.

Rahul Arora is a TMCnet contributor. He has worked as an editor and freelance writer for several reputed organizations in India. To read more of his articles, please visit his columnist page.

Edited by Jennifer Russell