Cycle30, a provider of hosted order-to-cash billing services, has signed an agreement with Arrow Electronics, Inc. to provide billing and rating services offering for cloud services and machine-to-machine (M2M) applications.
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.
“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.
“The flexibility and scalability of the Cycle30 platform will enable Arrow to create billing services for M2M and cloud applications and deploy them worldwide.”
“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 operations and business support strategy, Stratecast, a division of Frost & Sullivan.
“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.”
