Oculeus wins Gold Medal for Best IT Solution for Telecommunications at IT World Awards
Company recognized for improving fraud prevention practices with its Oculeus Anti-Fraud System
Frankfurt, Germany (June 12, 2017) – Oculeus, the leading provider of innovative OSS/BSS solutions for telecommunications companies and mobile operators, today announced that the company has won the gold medal award for the Best IT Solution for Telecommunications at the 12th Annual IT World Awards.
The IT World Awards is an annual achievements and recognition program highlighting the year’s best products, services and technologies in all sectors of information technology.
Oculeus won this award recognition for its Oculeus Anti-Fraud System.
The Oculeus Anti-Fraud System enables telecom carriers, mobile operators and other providers of voice-based communications services to prevent revenue losses caused by a growing list of sophisticated methods of fraud, including false answer supervision, PBX hacking, bypassing/SIM boxing, pricing arbitrage and more.
The Oculeus Anti-Fraud System continuously monitors all operator traffic using call attempt evaluations, call records and commercial data to check for traffic anomalies and patterns that are typical of fraud. The solution leverages its Live Traffic Fraud Blocking capabilities to eliminate or significantly reduce potential revenue losses caused by fraudulent network traffic by performing fraud evaluation and blocking in near-real-time before the start of a call. The system works in conjunction with a SIP redirect server and a pre-call fraud detection engine to efficiently check, monitor and evaluate pre-call call attempts along with internal and external blocking information provided by the system. When fraudulent activities are identified, the offenders are immediately blocked from further usage on the service provider’s network.
“Existing fraud management efforts still focus on detecting fraud only after it has happened and revenue has been lost,” said Arnd Baranowski, CEO of Oculeus. “We are proud to receive this award recognition and see it as a direct validation of our unique approach for improving the fraud prevention practices of our customers by blocking fraud in near-real-time well before significant revenue is lost.”
Oculeus is currently extending its anti-fraud solution to enable telcos to offer fraud prevention and traffic monitoring services to their business customers.
The Oculeus Anti-Fraud solution runs on Linux services with a web-based front-end, which enables end users to access and manage the system from any browser on a PC, notebook, tablet or smartphone.
Oculeus is currently offering proof-of-concept trials and providing demonstrations of the Oculeus Anti-Fraud System to qualified communications service providers.
Oculeus is a leading provider of innovative OSS/BSS solutions for telecommunications companies, mobile operators and other providers of voice-based communications services. Oculeus’ systems portfolio includes the company’s flagship Captura solution, a wholesale, routing, operations and billing system for managing a service provider’s interconnect voice business. Oculeus also offers complete systems for anti-fraud management, network quality monitoring, dispute management, SMS management and roaming business intelligence and agreements management, which can be deployed individually or as bundled solutions. Oculeus has been serving customers since 2004 as a technology partner and strategic vendor. Oculeus is a German GmbH company with offices in Germany and the United States. For more information, please visit www.oculeus.com.
About IT World Awards
The IT World Awards is annual achievements and recognition program highlighting the year’s best products, services, technologies, executives and management teams, deployments, product management and engineering in information technology. The IT World Award program is organized by the Network Products Guide, the industry’s leading information technology research and advisory publication. To learn more, visit www.networkproductsguide.com.