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BillingPlatform Named a Leader in First-Ever Gartner® Magic Quadrant™ for Recurring Billing Applications

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Company Placed Highest in Ability to Execute and Received the Highest Scores in Four of Five Use Cases in the Critical Capabilities report

DENVER , Aug. 9, 2024 /PRNewswire/ — BillingPlatform, the enterprise revenue lifecycle management platform for today’s innovative business models, today announced it has been named a Leader in the 2024 Gartner® Magic Quadrant™ for Recurring Billing Applicationsi.

In the report, BillingPlatform was positioned as a Leader and Highest in Ability to Execute. The company was also recognized with the highest scores in four of the five use cases in the Critical Capabilities report. This Gartner Critical Capabilities report evaluates 17 recurring billing applications against five use cases. Sales operations leaders should use the ratings in this report to identify a shortlist of vendors for deeper evaluation. The company was recognized with the highest scores in Complex Usage Billing, Mixed Billing, Enterprise Grade Billing and B2C Subscription Billing.

“As we have grown, both organically and inorganically, our monetization strategies have grown increasingly complex – with a mix of one-time charges, recurring charges, and usage-based charges combined with tiered and promotion pricing to the point our various billing solutions were constraining our growth,” said Rod Christo, Chief Accounting Officer at CCC Intelligent Solutions. “BillingPlatform has enabled us to migrate all of our lines of business to their secure, scalable revenue management platform that enables us to manage the business more efficiently, have greater agility, and provide greater insights into our business.”

With a three-year revenue growth rate of 332% and global customers across a range of industries, including J.P. Morgan, InComm, CooperSurgical, DIRECTV, GoCardless and Vantage Towers, BillingPlatform is the only billing and revenue management solution on the market that enables enterprises to monetize any type of product offering, from simple subscriptions to sophisticated usage-based pricing models and everything in between. BillingPlatform provides full revenue lifecycle management support of the monetization process – from product setup, quoting, billing and invoicing, revenue recognition, through payment and collections – all on a secure, next-generation cloud platform. The unparalleled flexibility of the platform puts enterprises in control of how they differentiate in the market, maximize profitability, reduce operational costs and improve the customer experience.

“Being named a Leader and Highest in Ability to Execute in the first-ever Gartner Magic Quadrant for Recurring Billing Applications we believe cements our position in the market as the company with the most flexible and extensible platform to address the complex, mixed billing needs of global enterprises,” said Dennis Wall, CEO of BillingPlatform. “In today’s dynamic business environment, revenue lifecycle management is critical for growth and in our opinion this report is yet another indicator of our modern platform approach and market momentum.” 

BillingPlatform has earned many recent accolades, including being recognized as the Leader in Forrester Research’s “The Forrester Wave™: SaaS Recurring Billing Solutions,” being evaluated with the highest overall rating in the MGI 360™ Ratings Report for Agile Billing, ranked as the Overall Leader and an “Exemplary Vendor” in Ventana Research’s Subscription Management Value Index report, named to Constellation Research’s Smart Services Digital Monetization ShortList™, positioned as an Automated Revenue Management Market Leader by MGI Research, named a leader in the IDC MarketScape: Worldwide Enterprise-Focused Subscription and Usage Management Applications Vendor Assessment and positioned as the leader in Quadrant Knowledge Solutions SPARK Matrix™ Report for Subscription and Billing Management. The company was also recognized for a fourth year in a row as a fast-growing company on Deloitte’s Technology Fast 500™, honored by Best in Biz Awards for its fourth consecutive year, listed on the Inc. 5000 and recognized by SIIA as the Best Subscription Billing Solution in the CODiE Awards.

A complimentary copy of the 2024 Gartner® Magic Quadrant™ for Recurring Billing Applications report is available for download from BillingPlatform.

Disclaimer
Gartner, Inc. Magic Quadrant for Recurring Billing Applications. Mark Lewis, Robert Anderson. 6 August 2024.

Gartner, Inc. Critical Capabilities for Recurring Billing Applications. Mark Lewis, Robert Anderson. 7 August 2024.

GARTNER is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally and is used herein with permission. All rights reserved. Magic Quadrant is a registered trademark of Gartner, Inc. and/or its affiliates and is used herein with permission. All rights reserved.

Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

About BillingPlatform, Corp.
BillingPlatform empowers businesses with innovative software solutions to optimize revenue generation through every stage of the customer lifecycle, powering growth through operational agility along with a frictionless customer experience. Our industry-leading, cloud-based platform is leveraged by global enterprises to optimize the customer journey from idea to revenue. With global customers across multiple industries, including software, finance, media, transportation, and communications, BillingPlatform processes billions of transactions and dollars every year, enabling enterprises to grow revenue, reduce costs and improve overall customer experience. To learn more, visit billingplatform.com.

Press Contact:
Doug Broad
BillingPlatform
billingplatform@threeringsinc.com

i Gartner, Inc., Magic Quadrant for Recurring Billing Applications, Mark Lewis, Robert Anderson, 6 August 2024

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SK hynix Applies CXL Optimization Solution to Linux

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HMSDK, a proprietary memory control solution lauded for its performance, is now available on Linux, the world’s largest open source operating systemHMSDK optimizes performance between heterogeneous memories, increasing bandwidth by 30% and performance by over 12%The company will foster the ecosystem by increasing software competitiveness as well as AI memory such as HBM

SEOUL, South Korea, Sept. 22, 2024 /PRNewswire/ — SK hynix Inc. (or “the company”, www.skhynix.com) announced today that the key features of its Heterogeneous Memory Software Development Kit (HMSDK)1 are now available on Linux2, the world’s largest open source operating system.

1Heterogeneous Memory Software Development Kit (HMSDK): SK hynix’s proprietary software development kit. It enables effective memory control, improving the performance of heterogeneous memory systems such as CXL memory.

2Linux: An operating system developed in 1991 by Linus Torvalds that has since expanded to become the world’s largest open source operating system. Most operating systems for cloud systems and supercomputers, as well as smartphones, cars, and appliances, are built on Linux.

HMSDK is SK hynix’s proprietary software for optimizing the operation of Compute Express Link (CXL)3, which is gaining attention as a next-generation AI memory technology along with High Bandwidth Memory (HBM). Having received global recognition for HMSDK’s performance, SK hynix is now integrating it with Linux. This accomplishment marks a significant milestone for the company as it highlights the company’s competitiveness in software, adding to the recognition for its high-performance memory hardware such as HBM.

3Compute Express Link (CXL): A next-generation interface that efficiently connects CPU, GPU, memory, and other components in high-performance computing systems to support massive, ultra-fast computation. By applying CXL to existing memory modules, the capacity can be expanded by more than 10 times.

In the future, developers around the world working on Linux will be able to use SK hynix’s technology as the industry standard for CXL memory, putting the company in an advantageous position for global collaboration on next-generation memory.

SK hynix’s HMSDK enhances memory package’s bandwidth by over 30% without modifying existing applications. It achieves this by selectively allocating memory based on the bandwidth between existing memory and expanded CXL memory. Additionally, the software improves performance by more than 12% over conventional systems through optimization based on access frequency, a feature which relocates frequently accessed data to faster memory.

The semiconductor industry anticipates full commercialization of CXL in the second half of 2024, coinciding with the release of the first server CPUs featuring the “CXL 2.0” specification. In preparation for this, SK hynix is currently validating CXL 2.0 memory in 96 GB and 128 GB capacities with customers. The company plans to begin mass production by the end of the year.

“For the development and spread of AI systems such as large language models (LLMs), it is now necessary to significantly improve not only semiconductors but also the level of system applications to support them,” said Youngpyo Joo, Head of Software Solution at SK hynix. “With this Linux integration and collaboration, we will strive to improve our status as a total AI memory solutions provider by innovating technologies and expanding the ecosystem in this field.”

About SK hynix Inc.

SK hynix Inc., headquartered in Korea, is the world’s top-tier semiconductor supplier offering Dynamic Random Access Memory chips (“DRAM”), flash memory chips (“NAND flash”), and CMOS Image Sensors (“CIS”) for a wide range of distinguished customers globally. The Company’s shares are traded on the Korea Exchange, and the Global Depository shares are listed on the Luxembourg Stock Exchange. Further information about SK hynix is available at www.skhynix.com, news.skhynix.com.

 

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SOURCE SK hynix Inc.

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TeraBox Is Set to Provide Premier Cloud Storage Solutions to Top Indonesian University Faculty and Students

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Transforming Classrooms: TeraBox’s 1TB Free Cloud Storage Becomes Essential for Educators and Students

TOKYO, Sept. 23, 2024 /PRNewswire/ — TeraBox (“TeraBox” or “the Company”), a globally trusted cloud storage service headquartered in Tokyo, also a favored cloud storage solution among Indonesian users, held its first large-scale campus event at prominent Indonesian universities such as University Diponegoro, Universitas Indonesia, and Institut Teknologi Sepuluh Nopember. The company hosted numerous offline events, attracting interactions from more than 30,500 students and teachers, and handed out 85,000 flyers. Event videos posted on the universities’ official Instagram and YouTube accounts received tens of thousands of views. TeraBox looks forward to deepening its collaboration with academic institutions to offer innovative cloud storage solutions for students.

In an era where digital resources are integral to academic success, TeraBox is committed to becoming an essential tool for students, providing a secure and efficient way to save and share curriculum files and materials, simplifying file management. By offering a massive 1TB (1024GB) of free cloud storage space per account, TeraBox alleviates the challenges of managing extensive educational materials, such as e-books, digital textbooks, learning notes, and experimental data in the new semester to come. Furthermore, TeraBox enhances productivity by enabling students to engage in online assignments and collaborative projects, fostering sharing, collaboration, and communication among students and between students and teachers. TeraBox not only addresses issues related to insufficient memory on devices like smartphones and laptops, but also significantly boosts efficiency in data management in an environmentally friendly manner.

Understanding the need for seamless collaboration, TeraBox features user-friendly sharing options that allow students and faculties to create links with just one click. This facilitates easy sharing of multiple files simultaneously, which can greatly improve collaborative efforts among peers. Whether accessing files from mobile devices or desktops, students can manage their documents effortlessly anytime and anywhere. Feedback from offline surveys reveals that many users in Indonesia are impressed with TeraBox’s offering of 1TB (1024GB) of free storage space. This generous storage not only meets the needs of university students for sharing various social and lifestyle content but also eliminates the necessity of creating multiple accounts with other storage services to fulfill their storage requirements.

As of July 2024, TeraBox boasts over 320 million registered users worldwide, with more than 20 million active daily users across over 231 countries and regions. The platform ensures top-tier security by employing advanced measures such as TLS/SSL protocols, encryption algorithms, and access controls. TeraBox is accredited with ISO standards (ISO 27001/27701/27018) certifications to protect the safety of data storage and transmission. These technologies also guarantee the stored and transmitted information is safe through client-side endpoint encryption within a large-scale distributed system architecture.

About TeraBox

TeraBox, developed by Flextech Inc., is a globally trusted cloud storage app headquartered in Tokyo, Japan. With a focus on intelligent, efficient, and secure cloud storage, TeraBox is dedicated to providing users with innovative and user-friendly solutions for their data storage needs. Download the TeraBox App on AndroidiOS, Linux, Mac, and Windows devices, or visit www.terabox.com for online access. To learn more about the fantastic Referral Program, please visit the provided site.

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SOURCE Flextech Inc.

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Elmo Motion Control Exhibiting at Industrial Automation Show in Shanghai, China

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Elmo brings live demonstrations to present the power of motion to Hall 5.1 in Booth E181.

PETAH TIKVA, Israel, Sept. 23, 2024 /PRNewswire/ — Elmo Motion Control, a global technology leader in motion control solutions, announces its participation at the annual IAS (Industrial Automation Show) exhibition at NECC in Shanghai, China, from September 24 to September 28. At the show, Elmo will display the Platinum line of servo drives, which include fully certified Functional Safety capabilities in small yet powerful packages, and conduct live demonstrations.

 

Elmo’s featured demonstrations will include an operating customer XYZT stage dynamic demo with four-axis movement controlled by a single multi-axis servo drive – the Platinum Quartet. Also on the floor will be a multi-axis gantry machine from our customer PBA Systems PTE Ltd and more. In addition, visitors can be the first in China to see the future of motion control – the next-generation motion controller with artificial intelligence readiness and a new line of multi-axis servo drives.

“We look forward to greeting visitors at this year’s show and presenting the latest Elmo products. On display throughout our booth is the future of motion control and the experience of seeing our multi-axis products in action. This year, we created an environment for machine developers to learn about advanced motion performance for any application in real-time,” stated Dr. Wayne Chen, Elmo China GM.

About Elmo Motion Control

Elmo has been a motion control technology leader for over 35 years, with millions of servo drives working 24/7 worldwide. Elmo offers complete motion control solutions from design to delivery of cutting-edge servo drives, network-based multi-axis motion controllers, and integrated servo motors. All solutions can be customized and configured using Elmo’s proprietary advanced and easy-to-use software tools for any machine in any industry, such as semiconductors, lasers, robots, life sciences, industrial automation, AGV, and more. The company employs more than 350 personnel with headquarters in Israel and offices in the United States, China, Germany, Italy, Korea, Singapore, and an additional manufacturing facility in Poland. Elmo has a worldwide distribution network. By advancing motion control with state-of-the-art technology, Elmo makes smart machines even smarter. As of 2022, Elmo is a Bosch Rexroth company.  

For more information, visit www.elmomc.com or email marketing@elmomc.com.

Copyright 2024. All brand names are the property of their respective owners and may or may not be trademarked.

Elmo Motion Control:
Robert Dugan, Marketing Manager at Elmo Motion Control
T: +972-(3)-929-2300 (ext. 368)
E: robertd@elmom.com 

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SOURCE Elmo Motion Control, Ltd.

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