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CoroWare Announces Billing Integration Framework for Accumulus and Vidyo
Integrates Accumulus Subscription Commerce Automation Platform with Vidyo's Personal Telepresence System

KIRKLAND, Wash., Dec. 20, 2012 /PRNewswire/ -- CoroWare Technologies, a wholly owned subsidiary of CoroWare, Inc. (COWI.OB), today announced availability of CoroWare Billing Integration Framework™ for Accumulus®  and Vidyo™ which offers conference service providers a highly scalable and affordable cloud-based billing solution that integrates dynamic usage- and subscription-based billing from Accumulus Corporation and high definition videoconferencing systems from Vidyo. 

Conference service providers that offer their customers a flexible range of service plans require a flexible usage based billing integration solution that can be rapidly integrated with existing or new conferencing systems, and rapidly deployed to meet demanding operational and development budgets.

CoroWare Billing Integration Framework for Accumulus and Vidyo combines Accumulus' subscription commerce platform with Vidyo's award-winning high definition videoconferencing platform.  This scalable solution is an affordable and effective way for conference service providers to effectively monetize their videoconferencing services as they evolve to meet the demands of rapidly changing pricing plans, customer requirements, and reseller business models.

"The Accumulus Subscription Commerce Automation Platform facilitates automated subscription signups, activations, and payments with the industry's most flexible pricing, tiered usage or metered usage capabilities," said Christian Dreke, co-founder and CEO of Accumulus.  "With our system, our customers understand what increases customer adoption, how to improve retention, and ultimately how to drive more recurring revenue while decreasing administrative complexity and cost."

Built upon Microsoft's SQL Server Integration Services (SSIS) platform, CoroWare Billing Integration Framework for Accumulus and Vidyo processes videoconferencing call detail records - including the number of Vidyo rooms, users, guests, application downloads, and session minutes – and conveys the consolidated usage data to Accumulus subscription commerce platform.  Service providers may then customize billing rules, reports and payment details, effectively lowering operational costs when compared to traditional billing systems.

CoroWare Billing Integration Framework for Accumulus and Vidyo helps service providers deploy flexible and customized subscription plans for customers, resellers, and virtual network operators (VNO).  CoroWare's solution includes a combination of products, including Accumulus' subscription commerce platform and Microsoft SQL Server Integration Services; and custom integration services, including business process planning, technology planning, deployment, testing and knowledge transfer training.

"CoroWare Billing Integration Framework for Accumulus and Vidyo gives service providers an affordable and flexible billing solution for creating a wide range of videoconferencing subscription plans," said Mike Searcy, director of enhanced collaboration sales at CoroWare.  "This solution offering further expands CoroWare's range of products and services that help enterprise and service provider customers affordably deploy high definition videoconferencing solutions worldwide."

CoroWare Billing Integration Framework for Accumulus and Vidyo is available today and may be purchased as an on-site customer premise deployment or as a cloud-based service with flexible pricing plans.

For questions about CoroWare Billing Integration Framework for Accumulus and Vidyo, please contact us at sales@coroware.com or 1-800-641-CORO (2676), option 1.

About Accumulus

Accumulus is a leading provider of comprehensive and flexible subscription commerce automation solutions for growing and managing on-line business around the world.  The Accumulus Subscription Commerce Automation Platform provides automated subscription signups, activations and payment modules with the industry's most flexible pricing, tiered usage or metered usage capabilities.  With the system, providers can rapidly expand revenue, automate the entire subscription lifecycle, and manage customer relationships.  The Accumulus Subscription Commerce Automation Platform helps providers understand what increases customer adoption, how to improve retention, and ultimately how to drive more recurring revenue while decreasing administrative complexity and cost. 

The Accumulus web-based subscription commerce system seamlessly integrates with existing IT infrastructure across mobile smart phone, PC and other platforms and systems, and Accumulus provides software development kits (SDKs) and industry leading customization capabilities for integration with virtually any platform.  See http://accumulus.com for more information or contact Accumulus at sales@accumulus.com or +1 (503) 770-0265.

About Vidyo, Inc.

Vidyo, Inc. pioneered Personal Telepresence enabling natural, HD multi-point videoconferences on tablets and smart phones, PCs and Macs, room systems, gateways that interoperate with H.323 and SIP endpoints, telepresence solutions and affordable cloud-based broadcast solutions.  Learn more at www.vidyo.com, on the Blog or follow@vidyo on Twitter. VIDYO and the trademarks of the VIDYO family of products are trademarks of Vidyo, Inc.

About CoroWare

Headquartered in Kirkland, Washington, CoroWare is a solutions integrator with expertise in affordable and open mobile robotics; business class video conferencing; and operational business intelligence.

CoroWare has been an Authorized Vidyo Reseller and Conference Service Provider since 2009, and has delivered HD videoconferencing solutions in North America and subscription services across Europe, Asia, Africa, the Middle East and the Americas.

CoroWare is recognized as an innovative mobile robotics solutions integrator in the research community because of its expertise in Robotic Operating System (ROS), robotics simulation, and application development.  CoroWare's CoroBot product line has been shipped to over 86 corporate and academic researchers in over 24 countries worldwide.

In 2012, CoroWare was listed in the RBR50 list of robotics companies to watch by Robotics Business Review.  http://www.roboticsbusinessreview.com/site/more_about_the_rbr50

For more information on CoroWare and its products and services, please visit www.coroware.com, www.facebook.com/CoroWare on FaceBook, or follow @coroware on Twitter.

Safe Harbor Statement: This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act") (http://www.sec.gov/about/laws/sea34.pdf (Sec.21E p. 223). In particular, when used in the preceding discussion, the words "believes," "expects," "intends," "plans," "anticipates," or "may," and similar conditional expressions are intended to identify forward-looking statements within the meaning of the Act, and are subject to the safe harbor created by the Act.  Any statements made in this news release other than those of historical fact, about an action, event or development, are forward-looking statements. Forward looking statements involve known and unknown risks and uncertainties, which may cause the Company's actual results in future periods to be materially different from any future performance that may be suggested in this release. CoroWare takes no obligation to update or correct forward-looking statements, and also takes no obligation to update or correct information prepared by third parties.  The names of actual companies and products mentioned herein may be the trademarks of their respective owners.  

Investor Relations Contact:
Shanna Gerrard
CoroWare, Inc.
investor@coroware.com 
(800) 641-2676, option 3 

SOURCE CoroWare, Inc.

About PR Newswire
Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

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