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Portal Software (Nasdaq: PRSF) gained US$1 to reach $8 in morning trading Tuesday after announcing a pair of contracts, including an agreement with Nokia Networks.
Nokia will use Portal's Infranet platform as an "integral component" of its Nokia Charging Center product. Portal chief executive officer John Little said that makes the agreement "significant" for his company.
"Nokia is clearly a key company to work with in the wireless market," he said.
Also Tuesday, Portal said that Time Warner Cable has licensed its Infranet customer management and billing service for its broadband cable services.
The agreement allows Time Warner Cable to manage pricing and other "business rules" for the different broadband Internet service providers (ISPs) that use its systems.
Infranet can support 
the business requirements associated with Time
Warner's move to allow multiple ISPs access to its systems, said Cyndee
Everman, vice president of operational support systems at Time Warner Cable.
According to Everman, Portal's effective partnership with Time Warner Cable's software suppliers made Portal "the clear choice."
Time Warner Cable's selection of Infranet for its multiple ISP project demonstrates Portal Software's ability "to support multiple business models and branded services on a single platform," said Portal vice president Steve Sommer.
Portal, based in Cupertino, California, reported a 108 percent rise in fourth-quarter revenue to $81.1 million. Income before extraordinary items increased to $6.9 million, or 4 cents per share, from $369,000, or breakeven.
The company posted a net loss for the latest quarter of $18
million, or 11 cents per share, including $24.9 million in costs related to
the November acquisition of Solution42.
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