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Fort Lauderdale, FL, January 16, 2024: Beesion Technologies, LLC, pioneer of BSS Low-Code software, announced that it has successfully emerged from Chapter 11/Subchapter V, following the obtaining of the final decree within the court-approved process, backed by its creditors. Building on its strong foundation and international customer base, Beesion will continue to develop telecom software products to offer solutions and services that generate additional value for customers as they continue to grow despite the challenges presented by the global coronavirus pandemic. coronavirus. coronavirus. COVID-19.
Through its financial restructuring process dealt in case No. 20-17684-PDR, the Fort Lauderdale Division of the Bankruptcy Court for the Southern District of Florida, approved Beesion’s plan to pay 100% of its debt to its creditors, and free up sufficient working capital to continue to develop and implement strategic solutions for its customers.
Beesion Digital BSS solutions (Business Support Systems) are helping Communications Service Providers (CSPs) to transform their businesses and become Digital Service Providers. Thanks to Beesion low-code development and a distributed microservices architecture, these solutions are 10x quicker to deploy, support and expand, compared to the ones built with traditional development and a non-distributed architecture.
“With our stronger balance sheet and favorable conditions for dealing with our long-term liabilities, we will continue to focus on developing innovative software solutions for the telecommunication industry and helping service providers throughout their digital transformation journey”
Mr. Quiroga further expressed his appreciation for the strong support of Beesion’s clients, creditors, employees, attorneys and business partners during the Subchapter V completion process, which allowed the Company to file its Subchapter V petition in July 2020, address the needs of all your creditors. concerns and objections, and finally obtain the final decree within the process.
About Beesion Technologies
Beesion Technologies is the pioneer of low-code telecom BSS. The approximately 20-year-old global company offers more than 30 low-code applications to help telecom companies bring new digital services to market, manage, monetize, and monitor them, personalize the engagement with subscribers, automate interactions, through omnichannel digital transformation. Applications can be deployed on cloud or on-premises, in a carrier-grade microservices distributed architecture that scales. Using enterprise low-code technology, it can launch 10x faster than with traditional development. Plus, they are easy to update and simple to support. The company ranks Number #403 Fastest Growing Company in North America on Deloitte’s 2017 Technology Fast 500™ and is an active contributor to TM Forum Open APIs.
Learn more about Beesion Technologies at www.beesion.com.