cVidya Sees 25% Revenue Growth in 2011

cVidya's new offerings, expansion into new markets, and addition of tier-1 customers contributed to the company's financial results

(PresseBox) ( London, )
cVidya Networks, (www.cvidya.com) a global leader and innovative provider of Revenue Intelligence solutions for Telecom, Media and Entertainment service providers, announced today that the company has seen growth of 25 percent in revenues and 20 percent in sales compared to 2010. Since their acquisition of ECtel in January 2010, cVidya has shown a consistent increase in its global customer base. In 2011, cVidya added 26 new customers, including some tier-1 CSPs in Europe, Africa and the US. In addition, cVidya extended its offering to include Analytics and Sales Performance Management beyond its traditional Revenue Assurance and Fraud Management solutions.

During 2011, cVidya has launched ProactiV(TM) , the first solution that incorporates risk management methodologies within Revenue Assurance and Fraud Management, which has been deployed at several operators in North America, Europe and APAC. In addition, cVidya introduced its data retention solution, DRMap(TM) , jointly with Oracle Exadata , which ensures CSPs are compliant with EU Regulations to support the growing threats of terrorism faced by governmental bodies. cVidya deployed its Sales Performance Management Solution which enables CSPs to monitor and control all operational aspects of their sales force through data analysis and predefined reporting tools therefore optimizing their commissions costs. In its 2011 implementations of the Pricing Analytics solutions, CSPs were able to learn from current behavior and anticipate how customers will react when they change a price plan or a competitor introduces new rates.

In 2011, cVidya has also introduced its cloud offering and already deployed its FraudView®/Cloud solution at leading providers such as Alaska Telecom. In addition, cVidya has managed to become the leader in expert training for Revenue Intelligence when launching the Education Center with its eLearning courses in Revenue Assurance and Fraud Management to address the market demand.

"2011 was a fantastic year for cVidya," said Alon Aginsky, CEO and president of cVidya. "cVidya has kept growing and continues to stay ahead of the market by extending its offering and entering new markets. While we have seen a slowdown in our marketplace, cVidya has kept driving and continues to stay ahead of the market. We continue to look forward into 2012 and foresee more positive improvement and progress."
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