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Hansen and Cognizant Drive Digital Marketplace Innovation in Communications Sector
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Very Positive)
Tags
Rhea-AI Summary
Hansen Technologies (ASX: HSN) has announced a global collaboration with Cognizant (Nasdaq: CTSH) to develop a digital services marketplace solution. This partnership aims to enhance services for communications service providers (CSPs) utilizing Hansen's software suite. Together, they plan to leverage the rising demand for 5G and IoT, facilitating B2B2X use cases across various sectors including healthcare and finance. With the new digital marketplace, CSPs can offer unique market solutions by integrating their core services with partner offerings. The initiative reflects a strategic move towards monetizing emerging revenue streams driven by technological advancements.
Positive
Collaboration with Cognizant enhances Hansen's market offerings.
Focus on capitalizing on the demand for 5G and IoT services.
The digital services marketplace aims to streamline B2B2X use cases for CSPs.
Negative
None.
MELBOURNE, Australia--(BUSINESS WIRE)--
Hansen Technologies (ASX:HSN), a leading global provider of software and services to the energy, water and communications industries, is pleased to announce today a global collaboration to bring a new digital services marketplace solution to market with Cognizant, one of the world's leading professional services companies.
As it lays the strategic foundation for new digital services such as Industry 4.0 applications, streaming and commerce services for communications services providers (CSPs), Cognizant will leverage the Hansen Suite for Communications, Technology and Media to power portions of its Digital Services Marketplace (DSM), as part of this multi-year relationship. The Cognizant DSM enables B2B2X uses-cases for enterprises spanning multiple verticals, focused on varied market needs for healthcare, finance, sustainability, manufacturing and more. By employing the Hansen Suite as part of the DSM, buyers will be able to select and configure connectivity plus value-added services, and deliver quote-to-order and procure-to-pay processes.
David Castree, Division President, Communications, Technology and Media at Hansen, commented: “The emergence of a new digital marketplace, fueled by the rise of 5G and IoT, calls for a new approach and reimagining of the way we help customers capture value and monetise new revenue streams of the future. A core function of the DSM is to enable CSPs to create, sell and deliver unique market offers, composed of partners' services, plus CSPs’ core connectivity services. Our collaboration with Cognizant is an excellent demonstration of how Hansen effectively works with other service providers in an effort to deliver robust, scalable solutions for CSPs everywhere.”
Manju Kygonahally, Head of Communications, Media and Technology for Global Growth Markets, Cognizant, commented: “CSP and media customers can monetise and benefit from huge demand for 5G by engaging the wider digital ecosystem. A marketplace, such as the Cognizant DSM, is designed to enable the discovery of services from a range of providers. As 5G deployment accelerates worldwide, the demand for digital services is expected to increase. We believe we are better prepared to capture the opportunities by partnering with Hansen.”
Hansen also recently joined with Cognizant for TM Forum’s Catalyst programme at the 2022 edition of Digital Transformation World in Copenhagen, showcasing firsthand how its product suite supports new and emerging digital marketplace ecosystems. The Catalyst with Cognizant is designed to enable companies to launch their products into a zero-touch digital marketplace, where they are seamlessly delivered to each customer using 5G, IoT and edge-computing. With the Catalyst focus on key areas such as smart-facility management, game-streaming, healthcare and the sports-fan experience, CSPs will be assisted in better realising new revenue streams by adding value to connectivity and edge-computing offerings. Hansen and Cognizant will be showcasing the next phase of the zero-touch digital marketplace Catalyst at the upcoming edition of Digital Transformation World Asia, set to take place in Bangkok from March 14th–16th, alongside Verizon and Colt Technology Services.
In tandem with the direct provision of its Hansen Suite for Communications, Technology and Media to its many CSP customers, Hansen also works with an array of global industry partners. These companies leverage the Hansen platform to help them create ongoing innovative solutions – underpinned by catalog-driven software.
For further information about Hansen Technologies, please visit www.hansencx.com.
About Hansen Technologies
Hansen Technologies (ASX: HSN) is a leading global provider of software and services to the energy, water and communications industries. With its award-winning software portfolio, Hansen serves 600+ customers in over 80 countries, helping them to create, sell, and deliver new products and services, manage and analyse customer data, and control critical revenue management and customer support processes.
For more information, visit www.hansencx.com
About Cognizant
Cognizant (Nasdaq: CTSH) engineers modern businesses. We help our clients modernise technology, reimagine processes and transform experiences so they can stay ahead in our fast-changing world. Together, we're improving everyday life.
See how at www.cognizant.com
What is the collaboration between Hansen Technologies and Cognizant about?
Hansen Technologies has partnered with Cognizant to create a digital services marketplace aimed at enhancing service offerings for communications service providers.
How will the digital services marketplace benefit Hansen Technologies (ASX: HSN)?
The marketplace will enable Hansen to leverage demand for 5G and IoT, creating new revenue opportunities and streamlining service offerings for CSPs.
What role does Hansen's software play in the partnership with Cognizant?
Hansen's software suite will power portions of Cognizant's digital services marketplace, facilitating various services and configurations for enterprises.
When will Hansen and Cognizant showcase their marketplace solutions?
They will showcase their solutions at the upcoming Digital Transformation World Asia event in Bangkok from March 14 to 16.
What strategic focus does the collaboration emphasize?
The collaboration emphasizes monetizing new revenue streams through the integration of core CSP services and partner offerings in the digital marketplace.
