Optiva said it's considering 'strategic alternatives' as it warns about its ability to continue as a going concern. #pressrelease
March 26, 2025
Optiva Inc. ("Optiva" or "the Company") (TSX:OPT), a leader in powering the telecom industry with cloud-native billing, charging and revenue management software on private and public clouds, today released its fourth quarter financial results for the three-month and full-year period ended December 31, 2024.
In the fourth quarter, Optiva was selected by one new customer for a total of five new customers in 2024. Additionally, five existing customers chose Optiva for upgrades, renewals and partnership expansions. These included an upgrade and migration of Optiva Charging Engine to private cloud, as well as an upgrade of Optiva Charging Engine to a cloud-native, 5G-enabled platform with enhanced monetization capabilities. Another customer extended its partnership with Optiva to incorporate Optiva BSS Platform for multiplay services. Furthermore, a customer expanded its existing partnership to implement Optiva's latest state-of-the-art Application Server.
Additionally, in the fourth quarter, Optiva announced that its BSS platform and charging engine now incorporate agentic AI using advanced generative AI (GenAI) technology powered by Google's Gemini models. Additionally, Optiva was selected as a nominee for the TM Forum Excellence Awards for Excellence in Data & AI Innovation.
Read the full press release here.
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