TeleKnowledge and ClearCommerce Team to Offer End-to-End Online Billing, Subscriber Management and Payment Processing Solution

Business Wire, Nov 13, 2001

Business/Technology Editors

FRAMINGHAM, Mass.--(BUSINESS WIRE)--Nov. 13, 2001

Partnership Streamlines Subscription and On-demand Media Offerings

TeleKnowledge, a leading provider of advanced content monetization software solutions for commercial content providers, today announced a partnership with ClearCommerce Corp., a provider of payment processing and fraud prevention software for e-commerce. The companies have integrated TeleKnowledge's Total-e Content(TM) application and the ClearCommerce Engine(R) to create an end-to-end online billing and transaction management solution that enables digital content and new media service providers to quickly launch and generate revenues from subscription and on-demand services.

TeleKnowledge's Total-e Content is a comprehensive content monetization application designed to enable content owners, aggregators and distributors to define, track and manage all of their content-based revenue streams. Total-e Content allows media and entertainment companies, content portals and other online service providers to quickly and easily monetize all forms of digital content, both directly to subscribers as well as through channel and syndication partnerships.

Recognizing the need for an integrated, end-to-end solution for its customers, TeleKnowledge chose the ClearCommerce Engine for its robust and reliable payment processing and fraud prevention capabilities. Recent upgrades to ClearCommerce's software have made it the leading fraud protection software solution.

"Digital content and new media providers face an immediate need to monetize their offerings through the introduction of subscription and per-use fees," said Oren Glanz, chief executive officer and president of TeleKnowledge. "Integrating Total-e Content's subscriber management and billing features with the ClearCommerce Engine's sophisticated payment processing and fraud prevention capabilities enable those providers to develop and deliver the billable services they need quickly and cost-effectively."

"In today's economy, it is imperative that companies focus on the fundamentals of generating revenue and turning a profit," said Robert J. Lynch, president and chief executive officer of ClearCommerce. "By combining Total-e Content and the ClearCommerce Engine, service providers can now quickly and easily offer online billing and payment processing to their customers."

About ClearCommerce Corp.

Austin, Texas-based ClearCommerce is a provider of e-commerce payment processing and risk management software and services to more than 40,000 businesses worldwide, including Apple Computer, Sony, Harrods, Chase Merchant Services, PETsMART.com and EDS. ClearCommerce provides transaction management technology directly to enterprise merchants and indirectly through Commerce Service Providers. The ClearCommerce Engine features real-time credit card processing and Internet fraud protection, as well as online reports, storefront integration, back-end integration and shipping/tax calculation. For more information, please visit www.clearcommerce.com.

About TeleKnowledge

TeleKnowledge is a leading provider of advanced content monetization software solutions. The company's Total-e Content application is an out-of-the-box content revenue management solution supporting subscriber management, branded service offerings, billing and partner revenue settlement. TeleKnowledge solutions are installed in more than 25 companies worldwide, including digital media, e-commerce and online content providers and communications providers of next-generation services over broadband/IP, cable, DSL and wireless networks.

Incorporated in April 1997, TeleKnowledge is headquartered in Framingham, Massachusetts and has international offices in the United Kingdom, Germany, France, Italy and Israel. TeleKnowledge has received more than $50 million of venture funding and remains a privately held firm. Investors include 3i, Merrill Lynch Ventures, DRW Venture Partners, Siemens Mustang Ventures, Zeevi Computers and Technology, and Jerusalem Venture Partners.

For more information on TeleKnowledge call 508/370-8000 in North America, or visit www.teleknowledge.com.