10/22/2009
Revenue management solutions provider cVidya to acquire ECtel for $21 million
Telecom revenue management solutions provider cVidya Networks to acquire ECtel, provider of integrated revenue management solutions for wireline and wireless operators, in a cash transaction valued at $21 million. The deal will create a global leader in revenue assurance and Fraud Management solutions.
"This strategic acquisition marks another significant milestone in our growth strategy of expanding our foothold in the communication, media and entertainment markets, by creating the largest and most innovative company in the world offering revenue management, fraud management, dealer management and clearinghouse services,” said Alon Aginsky, President, CEO and Founder of cVidya Network.
ECtel (NASDAQ: ECTX) offers carrier-grade solutions that enable wireline, wireless, converged and next generation operators to fully manage their revenue and cost processes. Established in 1990, the company has more than 100 implementations in over 50 countries worldwide.
cVidya is a provider of revenue assurance, risk management, and dealer management solutions for telecom service providers. cVidya's customers include British Telecom, Telefonica, Vodafone, Swisscom, Telecom Italia, and Cable & Wireless.
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23:52 Posted in Revenue Management | Permalink | Comments (0) | Email this | Tags: revenue management, cvidya, ectel, revenue assurance, fraud management
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