Mar 3 , 2010

Monexa brings rapid implementation to the fast growing cloud billing market

VANCOUVER--Monexa, which provides flexible subscription billing, is setting the pace for rapid implementation. Fully one-third of all new customers since the beginning of 2009 went live on Monexa Billing within 30 days of contract signing, demonstrating the speed advantage and quick return on investment that cloud-based solutions provide.

The SaaS and Cloud Services market is growing rapidly. Market intelligence company IDC forecasts this Cloud Billing Market to grow at a 78.5% CAGR from 2008-2014. (IDC, Worldwide Cloud Billing 2009-2014 Forecast Doc No. 221358, December 2009).

Monexa Billing is specifically aimed at helping these high growth companies better monetize their services. As SaaS and Cloud Services companies shift to a subscription business model, they require the same tools Monexa provides their telecom clients in order to rapidly roll out new services.

"Since the beginning of 2009 we have signed more new contracts than any other period in the company's history. Because of our comprehensive product and decade of experience, one-third of those customers went live in under 30 days. We're proud to be part of our clients' success." states John Jacobson, President and CEO of Monexa.

The billing and payments industry has been characterized by multi-million dollar up front investments in billing software and long implementation times. Monexa's on-demand subscription billing service, Monexa Billing, is proving companies can get the same flexible billing solution available in on-premise software with the return on investment and speed advantages of a cloud solution.



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