Panamax Bagged the 2016 INTERNET TELEPHONY TMC Labs Innovation Award Second Year in a Row!

Kew Gardens, New York, September 8, 2016 (Newswire.com) - A wave of triumph swam through the Panamax team today, as they announced that their product iMax has won the 2016 INTERNET TELEPHONY TMC Labs Innovation Award for the second consecutive year.

iMax is a class 4 soft switch integrated with call routing, network management, policy management, billing, monitoring, intelligent firewall, SIP and H.323 handling functionalities. The switch helps beat the complexities of carrier business; it aids optimization for a hassle free prepaid/post-paid VoIP business through carrier web self-care portal and supports virtualisation and clustering for scalability and disaster recovery. Last year too, the class 4 Softswitch iMax, bagged this award, and winning it again, this time, endorses its worth in terms of innovation and functionality. The product has matured, is capable of managing 100,000 concurrent calls, and can handle 750+ calls per second. It is an excellent proposition for carriers and enables them to reduce both CapEx and OpEx through optimized switching capacity and minimized operations.

"This recognition is just the beginning, and we are not stopping here. At Panamax, we always keep innovation at the core and develop products that address the pain areas of the industry and the problems that carriers may face. That is central to every product development initiative."

Mahavir Shah, COO

This is the 17th annual INTERNET TELEPHONY TMC Labs Innovation Award, which honors companies who contribute to the advancement of IP communication via innovative solutions, and the team said they were elated to be acknowledged as innovators. On this occasion, COO, Mr. Mahavir Shah who is at the helm of affairs for product development and innovation at Panamax said that “This recognition is just the beginning, and we are not stopping here. At Panamax, we always keep innovation at the core and develop products that address the pain areas of the industry and the problems that carriers may face. That is central to every product development initiative.” 

Mr. Rich Tehrani CEO, TMC, congratulated the Panamax team on winning this award, “The INTERNET TELEPHONY TMC Labs Innovation Award represents the best and the most unique products and services that this industry has to offer. Panamax has proven their commitment to quality and the further development of the IP communications industry through its product iMax” he said.

Looking at how the product has shaped over the years, it seems that this recognition will set the pace for the product. Its market penetration and uptake will increase, and iMax will mature with time, never falling short to cater to the most relevant needs of customers. 

About Panamax:

Panamax Inc. is the technology unit of the Bankai Group, established in 2001. We are a leading technology company offering market-proven telecom switching, wholesale carrier business, and mobile financial solutions. Panamax is headquartered in New York and our R&D centre is located in Ahmedabad, India. Since 2001, we have been delivering first-class, turnkey telecom and technology solutions to customers across various verticals and geographies. We are a stable, profitable and fast-growing end-to-end technology solutions provider for Telco's, Banking, Financial services and Insurance companies (BFSIs), carriers, merchants, aggregators and service providers.

Source: Panamax Inc.