Invoice Insight News
Invoice Insight Announces Acquisition of Oreon
Acquisition Enhances Global Telecom Expense and Asset Management Solution
MANASSAS, VA - March 28, 2007 - Invoice Insight, the leader in Software-as-a-Service (SaaS) Telecom Expense Management (TEM) solutions, today announced the acquisition of Oreon, Inc. Oreon is an innovative leader in SaaS wireless asset management. Oreon’s success in establishing valuable partner channels and accelerating market traction with enterprises of all sizes, has enabled Invoice Insight to achieve its goal of a single-platform, Software-as-a-Service telecom expense and asset management solution.
"Aberdeen Group found, in our latest survey, that 70% of survey respondents now see the benefits of consolidating wireless and wire-line expense management with one provider to address the full lifecycle of cost management. This acquisition brings new capabilities to the market on a Software-as-a Service (SaaS) platform," stated Joe Basili, Research Director with Aberdeen.
Invoice Insight has over 100,000 devices on its current BillPort® platform and these new capabilities will enhance their experience. Invoice Insight processes invoices in more than 20 foreign languages and numerous currencies and has large, multi-national TEM engagements. Software-as-a-Service is the easiest technology model to deploy and has the fastest speed-to-value solution for global and domestic customers.
"As recognition grows of the increased need for comprehensive control of wireless and wire-line expenses and assets, it is critical to offer a solution that can be delivered on a single platform. The addition of the Oreon functionality to the BillPort® platform allows enterprises to realize this goal," said David Spofford, Chief Executive Officer at Invoice Insight. "The combination of Invoice Insight and Oreon delivers compelling solutions to the mid-market, large enterprises, and value added partners (such as business process outsourcing organizations) who require these integrated capabilities."
"This is an exciting step for us," said Mark Pownell, CEO and co-founder of Oreon Inc. "Adding our capabilities to the Invoice Insight solution enables us to leverage existing expertise, while providing even greater value to an extensive network of customers and partners."
About Invoice Insight
Headquartered in Manassas, VA, Invoice Insight, LLC is the leading provider of Telecom Expense Management solutions delivered through the Software as a Service model. Invoice Insight has developed BillPort®, a proprietary, 100% web-native application that provides customers with an unparalleled level of visibility and control over their telecommunications expenses and inventory. Invoice Insight's model allows for rapid implementation, low cost of ownership, and provides a dynamic business model, more like a service relationship than a traditional software deployment. Among the company’s more than 100 customers are Harley-Davidson, the Department of Defense, and KB Toys. Invoice Insight provides technology and outsourcing solutions to business partners, mid-size and large commercial customers, as well as local, state and federal government clients. For more information, go to www.invoiceinsight.com.