(openPR) - Paragon Software Group, the leading developer of multi-platform software applications for mobiles and computers, and Mobile TeleSystems (“MTS” – NYSE: MBT), the largest mobile operator in Russia and the Commonwealth of Independent States (CIS), were awarded for developments in wireless network infrastructure at the Global Telecoms Business (GTB) Innovation Awards 2011. At a ceremony held June 7, 2011, in London, the companies were honored for mobile service and billing innovation with the successful deployment of the MTS Mobile Portal, an easily accessible interface that allows MTS subscribers to manage applications and MTS services from a single point on their mobile devices.

The latest addition to Paragon Software’s line of services for wireless mobile carriers and developed exclusively for MTS, the Mobile Portal enables subscribers to independently manage their telecom settings, billing information and plan options at any time of day without the need to engage the MTS customer service helpline. In addition to billing and service information, MTS subscribers can also find games, screensavers, ringtones, weather forecasts, news, exchange rates and more through the Portal’s convenient, interactive menu system. The implementation of Mobile Portal has significantly decreased the volume of calls to MTS customer service, resulting in reduced infrastructure costs while increasing carrier revenue on VAS.

“Mobile Portal has been a win-win for both MTS and its customers,” says Olga Lonshakova, Director of Strategic Partnership, MTS Group. “Paragon was able to deliver value to our subscribers with a single-access point solution that allows self-management of available telecom services and the discovery of new mobile applications. Paragon implemented Portal seamlessly into our lineup of offerings available to MTS subscribers who operate a variety of mobile platforms, including those that are new to the market, allowing users of all platforms access to useful new applications and services.”

The GTB Innovation Awards were presented at a black-tie dinner in the ballroom of the Sheraton Park Lane Hotel in central London. The Global Telecoms Business Innovation Awards were established in 2007 to recognize innovative projects by service providers and technology suppliers in the global telecommunications industry.

About Paragon Software Group
Paragon Software Group (Smart Handheld Devices Division & Epocware) offers software for diverse classes of smartphones (Android, bada, BlackBerry, iOS, Java ME, Windows Mobile, Windows Phone 7, Symbian OS) and desktop PCs, including multilingual on-line handwriting recognition, localization, business and productivity applications, games, 120 multilingual dictionaries and encyclopedias. PSG has offices in the USA, Germany, Japan, and Russia delivering its solutions to consumers through a network of operators, distributors and OEMs as well as online through the company website. PSG provides technology to a host of world class companies and partners including HTC, Microsoft, Motorola, Nokia, Samsung, Sony Ericsson. To learn more about Paragon Software Group's diverse product line, please visit:
Smart Handheld Devices Division: www.penreader.com
Epocware: www.epocware.com
Storage Management Division: www.paragon-software.com

About MTS
Launched in May 2006, Mobile TeleSystems OJSC ("MTS") is the leading telecommunications group in Russia, Eastern Europe and Central Asia, offering mobile and fixed voice, broadband, pay TV as well as content and entertainment services in one of the world's fastest growing regions. Including its subsidiaries, as of December 31, 2009, the Group serviced over 102.4 million mobile subscribers in Russia, Ukraine, Uzbekistan, Turkmenistan, Armenia and Belarus, a region that boasts a total population of more than 230 million. In 2009, MTS' revenues reached $9.8 billion. According to Informa Telecoms & Media's World Cellular Information Service, MTS ranks as the 9th largest operator in the world by proportionate subscriptions at the end of 2009. In December 2008, MTS and Shyam Telelink Limited extended the MTS brand into India.
MTS has been listed on the New York Stock Exchange since July 2000 and trades under the ticker MBT. The Company’s shares have been listed locally on Moscow Interbank Currency Exchange (MICEX) since November 2003 under the symbol MTSI.

Katia Shabanova, PR Director
Paragon Software HQ
Heinrich-von-Stephan-Str. 5c
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+ 49-761-59018-202