IQMS Software has announced that its US-based subsidiary Trac Tel Solutions has received $1 million order for on-site consulting work in the United States (US).

Trac Tel Solutions would implement the order within the next two quarters.

The nature of job involves solutions for converged prepaid and post paid that comprises business control systems such as wire line billing & CRM, multi-play, IPTV, MVNO, VOIP and Central Billing Systems.

Trac Tel Solutions is a leading supplier of business control, billing and CRM solutions for communications service providers. Trac Tel lets providers to better understand their customer base in a much better way and influence business value from every event and interaction.

J S Suryanarayana, Director for International Operations, IQMS said that the fresh order secured by Trac Tel exhibits the company's potentialities in convergence solutions. The company anticipates receiving more orders after the successful implementation of the existing order.

In afternoon trading (1:49 pm), the shares of the company lost 4.55%, at Rs 1.89 at the BSE.