TeleCommunication Systems Inc. or TCS (TSYS) said its Short Message Service Center or SMSC application running on platforms in wireless carriers' networks is set to process close to 700 billion text messages by the end of 2009 and is poised to handle the tremendous surge in messaging forecasted for this holiday season.
TCS noted that its messaging software has already powered about 480 billion messages through the third quarter of this year, surpassing the expected 2 billion messages per day mark.
According to Frost and Sullivan's recent report, the text messaging demand is projected to increase by more than 50% in 2010.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.