SOURCE: Quantrix

March 20, 2007 11:13 ET

Tele2 Denmark Chooses Quantrix Modeler for Business Planning and Forecasting

Europe's Leading Alternative Telecommunications Service Provider Finds Quantrix Is the Best Fit for Forecasting Customer Growth, Improving Cost Awareness

PORTLAND, ME -- (MARKET WIRE) -- March 20, 2007 -- Quantrix today announces that the Danish division of Tele2, the $7-billion telecommunications service provider based in Stockholm, Sweden, has chosen Quantrix Modeler for business planning and forecasting. Quantrix Modeler is the financial modeling solution that goes beyond traditional spreadsheet technology to enable professionals to develop models in greater depth and from multiple perspectives while improving productivity, accuracy, and transparency. With more than 600,000 customers, Tele2's Danish operation required agile business planning and highly accurate customer demand forecasting across multiple geographic and product segments and sub-segments.

Two-dimensional spreadsheet software was unable to deliver the accurate forecasting required by Tele2's complex business operations. With Quantrix Modeler, Tele2 can now view forecasted customer growth and associated costs by geography, product segment, sub-segment, product lines, and a multitude of other dimensions. Tele2 experienced a 10-fold improvement in its ability to track and manage overhead costs, and gained precise knowledge of earnings-per-customer, enabling it to offer customized pricing in highly competitive areas.

"I was amazed at what I saw in Quantrix. This was the exact solution we needed," says Johnny Rossing, business controller, Tele2. "I had previous experience with other business applications, but none were the right fit."

"Quantrix Modeler is a proven planning and forecasting solution for companies such as Tele2 that operate in highly competitive markets and need to model complex financial data," says Chris Houle, CEO of Quantrix. "We're excited that Quantrix provides the insight Tele2 needs to develop revenue strategies, control costs, and forecast demand."

Quantrix Modeler offers a unique approach for financial and quantitative modeling that separates business logic from data. Users create formulas in plain words outside the confines of the cell, which exponentially reduces the number of required formulas and makes models easy to understand and audit. Users can make changes, add new dimensions, and view multiple scenarios on the fly without rebuilding models. Quantrix also offers interface tools and an API for integrating with external information systems.

About Tele2

Tele2 is Europe's leading alternative telecom operator. Tele2's mission is to provide cheap and simple telecommunications for everyone in Europe. Tele2 always strives to offer the market's best prices. With 29 million customers in 22 countries, Tele2 offers fixed and mobile telephony, broadband, data network services, cable TV and content services. Tele2 has been listed on Stockholmsbörsen since 1996. In 2006 the company had operating revenue of SEK 50.3 billion and reported a profit (EBITDA) of SEK 5.7 billion. For more information, visit www.tele2.com.

About Quantrix

Quantrix delivers financial and quantitative modeling software to the world's most successful companies. Quantrix Modeler® is used by customers in more than 40 countries and in five languages. Quantrix empowers organizations to reach new levels of modeling agility and business insight. Explore multiple dimensions simultaneously, define formulas with words rather than coordinates, and easily create new scenarios without rewriting or restructuring models. For Customer Success Stories and more information on Quantrix, please visit www.quantrix.com or call 207-775-0808.

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