MEMPHIS, Tennessee, June 30, 2014 – Asentinel, a technology-driven Telecommunications Lifecycle Management company announced that it has been awarded a third United States patent covering core elements of its groundbreaking Telecom Expense Management (TEM) software. U.S. Patent No. 8,712,878 joins previously granted U.S. Patent Nos. 7,340,422 (2008) and 7,805,342 (2010). The basis of these patents, owned by Asentinel, relates to systems and methods of processing and analyzing telecommunications invoices, including wireless telecommunications invoices.
The patents now include more than 100 claims issued by the United States Patent and Trademark Office. “Recognizing the distinctiveness of our technology-centric solution for Telecom Management, we pursued an avenue to protect our intellectual property,” said Asentinel CEO David C. Perdue. “With strong growth realized in the TEM market (Gartner estimates the TEM market to be approaching $2B in 2016), we believe both enterprises and TEM service organizations, will look to providers with the technology and experience necessary to provide the desired solutions,” added Perdue.
The patent announcement comes on the heels of Asentinel’s continued market success:
- 2013 was a record-breaking year in terms of revenue and client acquisition in both Direct and Partner channels
- Maintained a stellar user experience and reputation results by again exceeding a 95% client retention rate
- Asentinel’s cumulative telecom spend under management exceeds $2B annually
The current year is on pace to surpass further metrics as Asentinel has added significant new clients. These additions extend Asentinel’s solutions to more than two dozen verticals including 8 of the 30 largest U.S. banks (ranked by assets); and 5 of the largest retailers with a combined store count of 40,000.