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Coriant and Prodea Partner to Disrupt IoT Service Adoption Worldwide

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New Ecosystem Partnership Demonstrates Revenue-generating Value of
Prodea's IoT Service X-Change Solutions and Platform at Mobile World
Congress

Coriant,
a global supplier of open, disruptive, and hyperscale networking
solutions for service providers and web-scale Internet operators and Prodea,
a leading provider of IoT managed solutions and technologies, today
announced that they have joined forces. Through Coriant's new Multi-Sided
Platform Partnership Program
and Prodea's new IoT
Service X-Change
™ platform and ecosystem this partnership will
accelerate global adoption of IoT services by simplifying go-to-market
deployment across multiple vertical markets.

This press release features multimedia. View the full release here:
http://www.businesswire.com/news/home/20180213005373/en/

Prodea's IoT Service X-Change is a platform offering turnkey solutions
and a framework for rapid IoT service creation and delivery with a
comprehensive ecosystem of best-of-breed offerings including guaranteed
quality of service. It was developed to solve a number of real problems
in the IoT industry, such as:

1) Empowering service providers to participate in the IoT value chain
beyond connectivity;
2) Providing a vehicle for efficient launch of
partner-powered IoT solutions; and
3) Enabling monetizable and
scalable services, rather than just technology components.

Through Coriant's Multi-Sided Platform Partnership Program, the two
companies offer a unique and innovative approach to solving the
challenge of IoT service deployment and monetization by employing a
value-driven business model to deliver end-to-end IoT solutions —
meeting the needs of many markets including healthcare, consumer
products, governments, SMEs, and others.

"While service providers, enterprises, and other organizations have been
working to bring profitable IoT services to market, the full potential
of these services has not been realized. In most cases, the challenge
has been less about technology and more about optimal approaches to
business models, specific verticals, and ecosystem partners," said
Homayoun Razavi, Chief Customer Officer and Executive Vice President of
Global Sales & Digital Marketing, Coriant. "We chose to partner with
Prodea not only because of their technology innovation, but also because
their IoT Service X-Change can form the basis for our Multi-Sided
Platform Partnership Program's distribution of IoT services from
ecosystem partners to customers worldwide. We believe this brings
together all the right go-to-market ingredients, enabling service
providers and enterprises to accelerate monetization of IoT services."

"The ‘Internet of Things' has created a lot of hype in the market, but
deployments have been slow and in small pockets. By focusing on value
creation for both operators and their clients, we have aimed our IoT
Service X-Change at creating comprehensive solutions by leveraging
strong partnerships with the most innovative service and technology
providers in each vertical," said Anousheh Ansari, Chairman and CEO,
Prodea. "Joining forces with Coriant and putting Prodea's IoT Service
X-Change ecosystem at the core of the partnership creates a strong
movement to accelerate deployments across industries—driving true
business transformation for our customers. Together, we are evolving the
‘Internet of Things' into an ‘Internet of Services.'"

Prodea's IoT
Service X-Change
provides end-to-end service enablement and uniform
management of delivered solutions. The platform incorporates a set of
comprehensive tools to facilitate service deployments that allow
operators to access new revenue streams without large upfront
investments, strengthen existing client relationships, increase ARPU,
and easily pursue multiple new market opportunities. Prodea's IoT
Service X-Change with Coriant's Multi-Sided
Platform Partnership Program
enable service providers to offer their
clients a convenient and efficient one-stop shop, with the best pricing
options, and education on the state-of-the-art services available for
their industry.

Prodea's IoT Service X-Change will be showcased along with Coriant's
Multi-Sided Solutions at MWC in Barcelona February 26 - March 1, 2018.
To meet with us at the show and see a demonstration, email mwc@coriant.com.
Also, Tweet us using #MWC18 @Coriant.

About Prodea
Prodea Systems, Inc. is a privately-held
company founded in 2006 by telecommunications industry veterans
Anousheh, Hamid, and Amir Ansari to be THE IoT solution for the
masses—using the company's platform to deliver value and make a positive
impact on people's lives globally. To this end, Prodea's IoT Service
X-Change™ solutions and platform empower service providers with a
meaningful suite of ready-to-deploy IoT solutions that deliver real
value for them as well as their clients. Prodea customers include
service providers, enterprises, manufacturers & governments spanning
multiple vertical markets including smart home, digital health, smart
city, e-government, and many others. In 2017, Prodea acquired Arrayent,
Inc. who since 2005, has been chosen by trusted consumer brands such as
Whirlpool, Chamberlain, Pentair, OSRAM/Sylvania, Salus, and others to
connect and manage their mass-market connected products across five
continents. For more info, visit www.prodea.com
and follow us on Twitter
for company updates.

About Coriant
Coriant delivers innovative and dynamic
networking solutions for a fast-changing and cloud-centric business
world. The Coriant SDN/NFV-enabled portfolio of open, disruptive, and
hyperscale solutions and Multi-Sided Platform innovations helps network
operators cost-efficiently scale network capacity, reduce operational
complexity, and create the resilient foundation for a new generation of
mobile, video, and cloud services. Coriant serves leading network
operators around the world, including mobile and fixed line service
providers, cloud and data center operators, Web 2.0 content providers,
cable MSOs, government agencies, and large enterprises. With a
distinguished heritage of technology innovation and service excellence,
Coriant is helping its global customers maximize the service value of
their network infrastructure as demand for bandwidth explodes and the
communications needs of businesses and consumers continue to evolve.
Learn more at www.coriant.com
and follow us on Twitter
for the latest news and information.

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