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MGI 360 Ratings - Aria Systems in Billing Management SEP 25 2018

MGI 360 LogoRATING UPDATE: We are reducing the MGI 360 Rating of Aria Systems from 50 to 48 and maintain a NEUTRAL outlook. 
OPINION: The decline reflects relative loss of product leadership against the peer group that unlike Area is unconstrained in R&D investment. To re-iterate a recent review, the scores reflect a deceleration of the business, lower scores in Product, Management, Strategy, and Finance. A recent major contract win, the ability to host instances in AWS, and evidence of Aria 7 customers reaching production are bright spots. Headcount in key functions has been dropping – directly impacting execution and combined with constrained finances, have pushed Aria to adopt a more pragmatic vision. Customers and prospects should focus on current capabilities and be prepared to self-fund new requirements. 
USE CASE: B2B/B2C companies with revenues > $500Mil, complex product catalog, pricing and channel structure and need for workflow capabilities. Implementation cycles are 6-12+ months.
Aria Systems, Inc. provides recurring revenue billing and monetization solutions to B2B and B2C organizations with moderate to sophisticated contracts-based customer relationships. Aria has good capabilities in managing monetization requirements across corporate hierarchies, geographies, currencies and billing modalities ranging from subscription to usage. An active orchestration capability with workflow has helped Aria create differentiation in provisioning, customer engagement and cross-application data synchronization for enterprise accounts. The company sells via a direct sales channel into English-speaking accounts in the US and Asia, and via a partner in Europe. Aria focuses on prospects with sales above $250Mil in industries such as automotive, technology, telecom, media, healthcare and financial services. Aria has approximately 100 employees. Aria Systems raised $150 Million+ in venture capital funding with latest round of $18Mil+ in late 2017. 
COMPETITORS: BluLogix, BillingPlatform, goTransverse, Oracle BRM, RecVue, SAP, Zuora, and legacy telco billing solutions are the primary competitors for Aria Systems.
MGI 360 Ratings is a comprehensive system for evaluating technology companies. IT organizations use MGI 360 to track suppliers, assess purchasing risks and identify promising new vendors. Vendors utilize MGI 360 to track their markets and evaluate partners. Institutional investors use MGI 360 for independent assessment of tech companies. MGI 360 ratings help lower costs, save time, reduce risks, and identify new opportunities. 
The MGI 360 ratings are on a scale from 0 to 100 and reflect company opinions of MGI analysts in five key areas on a scale of 0 to 20:
  • PRODUCT: How strong is the product competitive position
  • MANAGEMENT: How competent and experienced is the management team
  • CHANNELS: Does the company have a sales capability and channels needed to bring products to market?
  • STRATEGY: Does the company have a realistic view of the opportunity and a compelling strategy for success?
  • FINANCE: Is the company growing and profitable
Each of these key criteria is subdivided into numerous sub-categories. In total, over 149 criteria are combined to generate an MGI 360 rating in each specific market space. Companies can have one or more MGI 360 rating - one for each market. MGI 360 ratings are revised as important developments occur. While the MGI 360 rating process is comprehensive, this scoring system is not meant to be a predictor of company solvency, liquidity, absence of accounting fraud or stock performance. Access to MGI 360 Ratings is by subscription.
MGI Research is an independent industry research and advisory firm focused on disruptive trends in the technology industry. Through ratings, industry benchmarks, best practices groups, subscription research, market forecasts, advisory engagements, industry studies and conferences, MGI Research helps clients identify opportunities for reducing IT costs and minimize technology risks. MGI Research analysts work closely with business and technology organizations to help make timely go/no-go IT investment decisions, optimize vendor relationships, and create practical strategies for new initiatives in agile billing, payments management, order management, CPQ, contract lifecycle management and other elements of agile monetization platform (AMP).
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