St. Petersburg, Russia – 8 December 2020: Nexign (a part of ICS Holding LLC), a leading Business Support System (BSS) and Internet of Things (IoT) solutions provider, today announced that Nexign has been included in the October 2020 Market Guide for CSP Business Support System Solutions by Gartner, the world’s leading research and advisory company. This report has replaced Gartner Magic Quadrant for Integrated Revenue and Customer Management for CSPs (IRCM), which Nexign was proudly a part of during the two consecutive years in 2018 and 2019.
This year Market Guide defines “the BSS solutions landscape with vendors focusing on 5G, IoT, monetization, business model changes and the need for cost optimization in CSPs”. According to Gartner 2020 Market Guide for CSP Business Support System Solutions, “vendors were selected based on their competitiveness as seen by the competitors. Answers received for this vendor survey question — “List your top 5 competitors in the CSP market” — from the 30 vendors surveyed for this research formed the basis to identify the vendors included in this research.”
“This year we are honored to be recognized as one of 18 representative vendors on the BSS market worldwide by the new Gartner Market Guide for CSP Business Support System Solutions. Nexign helps CSPs to drive digital transformation, unlocking extensive opportunities for rapid business development and revenue enablement. We believe that our inclusion into this Market Guide is a result of continuous work for delivering the efficient solutions to our customers. It also demonstrates the independent and reliable overview of Nexign’s strong position on the global BSS market,” – says Yulia Poslavskaya, CMO of Nexign.
Key findings of this report include
• “BSS transformation is crucial for growth and transition to future business operations; however, lack of vision, complexities of legacy systems and hype around 5G and cloud-native operations are proving to be challenging to deal with.”
• “BSS product vendors are increasingly aligning their offerings to 5G-related requirements, with many continuing to put little focus on the broader transformation needs of CSPs or the optimum approach for best return on investment.”
• “CSPs have to deal with multiple priorities associated with products, operations and network transformation to be able to evolve a platform approach, which calls for a robust sourcing and partnering strategy.”
A complimentary copy of the full Gartner report is available at Nexign.com.
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Gartner, “Market Guide for CSP Business Support System Solutions”, Amresh Nandan, Chris Meering, Jouni Forsman, 12 October 2020.
* 2018 Gartner Magic Quadrant for Integrated Revenue and Customer Management for CSPs by Nexign’s previous name, Peter-Service. Peter-Service was renamed as Nexign after the company rebranding in 2018.
About Nexign
Nexign, a part of Intellectual Computer Systems Holding (ICS Holding) and a leading Business Support System (BSS) and Internet of Things (IoT) solutions provider, has been delivering pragmatic, value-driven, high-performance product solutions since 1992.
Nexign has an experience of transformational projects of all scales, and a proven track record of achieving revenue boosts for CSPs through systems consolidation and a faster go-to-market time for new services after modernisation. Nexign has an ability to make transformation modular and stress-free and ensure customers’ sustainable growth. Nexign takes pride in its partner-centric approach to working with customers. For more than 28 years, the company has delivered on its promise of unlocking value in the short-term while ensuring customers’ investments are future-proof and support long-term growth.
Headquartered in St. Petersburg, Nexign employs 1,800 people in offices through Russia, the Commonwealth of Independent States, the Middle East, Africa, Southeast Asia and LATAM. The company has delivered more than 120 projects across 16 countries and had revenue of $217 million in 2019, while the revenue from new business, including international projects, increased by 38% reaching $37 million in 2019.
For more information, please visit the website and follow the latest news from Nexign on Twitter, Facebook and LinkedIn.
About ICS Holding
Intellectual Computer Systems Holding (https://x-holding.ru/) is a multidisciplinary Russian IT group, which is a leader in the development of IT technologies and services, and is among the top ten suppliers of equipment for the industrial sector. ICS Holding is known as one of the most rapidly growing IT holdings in the Russian market and brings together more than 30 companies united in five subholdings: YADRO, Nexign, Citadel, Kryptonit and Forpost.
ICS Holding’s top priorities include the digital transformation of enterprise companies, information security, data storage systems, cryptography and quantum computing, machine learning and artificial neural networks, blockchain technology and artificial intelligence (AI). In terms of geographical reach, the business covers all regions of Russia, as well as several countries in the CIS and further afield.
ICS Holding companies employ in excess of 6,000 people. More than 120 global projects have been implemented in Russia and several countries abroad. The partner network of ICS Holding includes more than 50 companies in Russia and beyond.
15.09.2020 ICS Holding became a part of USM Telecom.
