National Independent Billing, Inc. (“NIBI”) is a division of Hickory Tech Corp that provides data processing and billing support for Hickory's three ILECs and one CLEC subsidiaries. The company also offers those support services externally to other carriers, utilities and municipalities. The division collects a combination of monthly recurring
revenue, software license fees and integration services revenue from
companies that have established a long-term data processing
Bill processing revenue was $3.35 million in 2009, $3.33 million in 2008, and $2.47 million in 2007. The 34.4% increase between 2008 and 2007 was driven by project integration services revenue related to the sale of its billing and management system "SuiteSolution" to several new customers.
Hickory had a 50% stake in the company before acquiring it out right during 1985 for $1.8 million.