Leading Identify Theft Protection Company Leverages MetraNet to Support Rapid Growth

Waltham, MA -- (SBWIRE) -- 09/09/2009 -- MetraTech Corp. (http://www.metratech.com/), the innovative charging, billing, settlement and customer care product provider announced that LifeLock, Inc., a leader in proactive identify theft protection, has chosen MetraNet(TM) as its billing, customer care and partner management solution.

"We have been in need of a system that can support our millions of customers and help us build on the credibility and trust we have won in the marketplace," said Robert Krakauer, CFO of LifeLock. "MetraTech can reliably automate the billing of bundled subscription services, dynamically manage a wide range of complex revenue sharing arrangements and help us expand into sophisticated B2B offerings targeted at large enterprises."

MetraNet provides LifeLock with the ability to quickly adapt to changes relating to customer and partner relationships; products, options and services sold; and the introduction of new business models. MetraNet empowers LifeLock to provide full life-cycle customer care including: pricing, billing, charging, settlement, customer inquiries, disputes, and adjustments. MetraNet also provides LifeLock with the ultimate in marketing flexibility, allowing new products, options and services to be configured in minimal timeframes.

With MetraNet, LifeLock can exactly map internal processes to changes in the business, while simultaneously allowing for the unique needs of LifeLock's business. This approach allows LifeLock to manage the customer experience without imposing processes and functions not required, or which adversely impact LifeLock's way of doing business, which ultimately enables a continuous competitive advantage.

"Billing and Customer Care are critical aspects of every company's growth," said Scott Swartz, founder and chief executive officer, MetraTech Corp. "We are delighted that LifeLock chose the MetraNet dynamic business modeling solution to support its explosive growth, extend the value of its member services and expand into new markets and offerings."

About LifeLock®
LifeLock, Inc. (http://www.lifelock.com) is an industry leader in proactive identity theft protection. Since 2005, LifeLock has been providing consumers with the tools and confidence they need to help protect themselves when they have a good faith suspicion that they have been or are about to become a victim of identity theft. The company has a strong focus on educating consumers and working with law enforcement and elected officials to better understand the increasing threats of identity theft. A multiple award-winning organization, LifeLock has most recently been recognized by the American Business Awards as Best Overall Company and offering consumers the best new service (TrueAddress™).

About MetraTech
MetraTech Corp. offers a new approach to charging, billing, settlement and customer care enabling organizations to embrace change without compromise. MetraNet, our flagship product, is unique in its ability to automate business processes and business models that address rapidly changing, complex or radical business strategies across any industry for an unlimited number of services. MetraNet is deployed globally, enabling diverse customers to build innovative and successful business models, securely collect revenue, and manage their entire customer lifecycle in some 12 languages, 17 currencies and 52 countries. MetraTech offers a variety of delivery options ranging from licensing to outsourcing. Headquartered in Boston, MetraTech has offices in San Francisco, Frankfurt, Paris, Singapore, Rio de Janeiro and London. MetraTech is a venture-backed, privately-held company whose investors include Accel Partners, Bessemer Venture Partners, Meritech Capital, and Vesbridge Partners. For more information, please visit http://www.metratech.com.

MetraTech is a registered trademark, and the MetraTech logo is a trademark of MetraTech Corp. All rights reserved. All company, brand, product, and service names are trademarks or registered trademarks of their respective holders.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

Waltham, MA and London UK-- (SBWIRE) -- 07/01/2009 -- MetraTech Corp. (http://www.metratech.com/), the innovative charging, billing, settlement and customer care product provider has won the Best Overall prize at the prestigious World BSS Awards. The award was presented to two companies, MetraTech and Oracle Corporation at a ceremony during IIR's BSS Summit 2009 in Amsterdam.

The World BSS awards are widely regarded as the highest industry recognition of BSS excellence and are now in their 13th year. MetraTech was nominated as a finalist in three categories. In addition to its victory in the "Best Overall" category, its groundbreaking Software and Services deployment at Microsoft Online was voted runner up in the "Best Billing/Charging Implementation Project." Chairman of the judges, Hugh Roberts, noted that this deployment was the equal to the category winner, but competition rules prevent two shared awards, therefore, MetraTech was given Runner Up in light of the company's victory in Best Overall.

In addressing MetraTech's victory in the main category, Roberts noted that "Best Overall" was given to the company doing most to innovate and to lead the industry through a period of transformation. He pointed out the large number of exciting deals the company had concluded in the past 12 months as bearing witness to how the market had come to understand MetraTech's vision. He also expressed the hope that its breakthrough year would see that vision cemented in 2010.

The victory further underlines why, recently, Ari Banerjee, vice president of next generation software systems at consultancy Yankee Group noted in an interview published in DestinationCRM Magazine on May 8, 2009, "MetraNet has unique characteristics that you don't see with [competitors] today." He added, "Others will eventually catch up, but what [MetraTech] has today is compelling. MetraTech can come in and work with existing billing platforms. The company's flexibility impresses me."

Expressing his delight at the victory, MetraTech CEO Scott Swartz said, "For us to win Best Overall at the World BSS Awards is a source of enormous pride both for me and for everyone at MetraTech. We thank Hugh Roberts and the judging panel in particular. Hugh has brought the same passion to the BSS Summit that we have brought to our product and has thus created an award that affords real prestige to the winner."

Swartz added, "We also thank our customers, particularly Microsoft Online which was also recognized by the World BSS Awards. 2009 has been a groundbreaking year for MetraTech; to have this recognized by our peers is an outstanding achievement. It underlines that Dynamic Business Modeling has come of age and that the freedom to innovate has finally moved from the drawing board to the top of the requirements list."

About MetraTech
MetraTech Corp. offers a new approach to charging, billing, settlement and customer care enabling organizations to embrace change without compromise. MetraNet, our flagship product, is unique in its ability to automate business processes and business models that address rapidly changing, complex or radical business strategies across any industry for an unlimited number of services. MetraNet is deployed globally, enabling diverse customers to build innovative and successful business models, securely collect revenue, and manage their entire customer lifecycle in some 12 languages, 17 currencies and 52 countries. MetraTech offers a variety of delivery options ranging from licensing to outsourcing. Headquartered in Boston, MetraTech has offices in San Francisco, Frankfurt, Paris, Singapore, Rio de Janeiro and London. MetraTech is a venture-backed, privately-held company whose investors include Accel Partners, Bessemer Venture Partners, Meritech Capital, and Vesbridge Partners. For more information, please visit http://www.metratech.com.

MetraTech is a registered trademark, and the MetraTech logo is a trademark of MetraTech Corp. All rights reserved. All company, brand, product, and service names are trademarks or registered trademarks of their respective holders.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm