TELUS Chooses Razorsight to Automate Network Cost Controls

On-Demand Solution to Strengthen Audit, Cost Management and Revenue Assurance Processes

FAIRFAX, VA – Razorsight Corporation, a market leading provider of on-demand financial business intelligence solutions for communications, media and entertainment companies, today announced that TELUS (TSX: T, T.A; NYSE: TU), a leading national telecommunications company in Canada, has selected Razorsight to automate its network cost management functions and provide related analytics capabilities.

With Razorsight’s AIM Analytics platform, TELUS will gain a fully automated network cost management solution to support its rapidly growing next generation network delivering wired and wireless voice, data and video services across Canada. Razorsight’s On-Demand AIM Analytics application automates audit, cost management and revenue assurance processes by providing a robust suite of over 200 audits which are automatically performed against every dollar of network cost, every month. This is made possible by combining Razorsight’s unique and powerful AIM Capture solution to create the first ever, 100% electronic invoice management process which melds all cost data into a single database for auditing. The automation attributes of Razorsight’s solution allow TELUS’ team to free up valuable time to perform value-added functions including network optimization, inventory verification, claims negotiations and settlements.  AIM Analytics is the leading solution in the market today offering a combined approach to network cost automation and business intelligence, while delivering a return on investment in less than 12 months. TELUS, a publicly traded communications provider, provides 11 million customer connections across Canada.

“After an extensive evaluation of market offerings, we chose Razorsight,” stated John Fleiger, Vice President, Global Sourcing Solutions, TELUS. “Razorsight’s intuitive workflow modules and the ease of functionality was a major contributor to the decision to go with Razorsight.”

“Razorsight welcomes TELUS to our family of customers,” stated Charlie Thomas, CEO of Razorsight. “Their innovation and commitment to quality is evidenced by their strong leadership position in the market and we look forward to helping them further strengthen this position through the delivery of the AIM Communications solution.”

About TELUS

TELUS (TSX: T, T.A; NYSE: TU) is a leading national telecommunications company in Canada, with $9 billion of annual revenue and 11 million customer connections including 5.4 million wireless subscribers, 4.4 million wireline network access lines and 1.2 million Internet subscribers. TELUS provides a wide range of communications products and services including data, Internet protocol (IP), voice, entertainment and video. Committed to being Canada’s premier corporate citizen, we give where we live. Since 2000, TELUS and our team members have contributed more than $91 million to charitable and non-profit organizations and volunteered more than 1.7 million hours of service to local communities. Eight TELUS Community Boards across Canada lead our local philanthropic initiatives. For more information about TELUS, please visit www.telus.com.

About Razorsight

Razorsight Corporation is the market leader in on-demand financial business intelligence solutions for Communications, Media and Entertainment companies.  Razorsight’s Software-as-a-Service (SaaS) solutions automate payables processes, eliminate paper, provide detailed visibility into carrier cost and revenue data, and ensure actionable insight that reduces operating costs, improves margins and enables better SOX compliance.

Razorsight has dramatically transformed the way communications companies process, manage and leverage corporate payables and receivables data. Razorsight's highly scalable, web-based software is easy to install, requires no capital investment and has helped clients realize documented savings of over $2 Billion. Razorsight solutions are used by industry leaders such as Verizon, Time Warner and Comcast, as well as by small and medium sized carriers such as Globalcom to capture, audit and analyze more than $50 Billion in annual corporate spend. Razorsight has a 100% referenceable client base, a testimony to its customer focus and its commitment to meet and surpass customer expectations.

Razorsight is based in Fairfax, VA and has offices in St. Louis, MO and Bangalore, India. For more information about Razorsight, visit: www.razorsight.com.

CONTACTS:

Razorsight:
Kim Larkin
Larkin Communications for Razorsight
Office: (703) 250-3590, x3406
Mobile: (202) 391-5205
klarkin@larkincomm.com
www.larkincomm.com

Nilanjan Ray
Director, Marketing at Razorsight
nilanjan.ray@razorsight.com
www.razorsight.com