Norwood, MA –October 3, 2006 – Open Channel Solutions (OCS), a leading provider of software subscription and e-business management solutions, today announced that it has signed an agreement with CyberSource Corporation, a leading provider of electronic payment and risk management solutions. Under the agreement, OCS will integrate CyberSource’s complete suite of solutions into its Poetic software entitlement and subscription eBusiness solution.
This integration is a key component of OCS’ next release of Poetic, which will be enhanced with extended eBusiness capabilities for managing software license and subscription sales. As part of the upcoming release, OCS will be adding a B2B shopping cart, financial transaction management through CyberSource, capabilities for managing electronic software downloads, and an interface for end-customers to renew software subscriptions and buy software as a service over a termed period.
OCS clients taking advantage of the CyberSource integration can benefit from:
- Sales tax calculation for over 30 countries
- Address validation for over 200 countries
- Credit card transactions and capture
“OCS is committed to providing the most comprehensive entitlement management commerce solutions. With this partnership, we’re extending the value we provide by making CyberSource’s proven eCommerce services available to our clients right out of the box,” said Ed Rose, president and CEO, OCS. “OCS clients will benefit tremendously by being able to choose the services that best fit their needs for reducing the cost and complexity of payment options and scaling their operations.”
About Open Channel Solutions
Open Channel Solutions (OCS) is a leading global provider of software revenue optimization and lifecycle management solutions. The core of the company's technology based solutions is Poetic License, the company's flagship product. Poetic combined with OCS' consulting, implementation services and global customer care delivers an end-to-end entitlement, subscription and software delivery solution to publishers and OEMs. The results are increased predictability in entitlement revenues, increased subscription renewal rates, increased channel revenues, automated processes and reduced licensing administrative costs. Headquartered in Norwood, MA, the company also has offices in Utah, the Netherlands, Australia and Japan. For more information, visit www.ocs.com.
For Further Information Contact:
Jim Werner, Open Channel Solutions
781-407-3900
jim_werner@ocs.com
