cVidya widens presence in Latin America - wins two contracts for its Revenue Assurance Solutions1
London, UK, July 23, 2007 – cVidya Networks, a global leader of Telecom Data Integrity and Revenue Assurance Systems, announced today that it has won two new contracts in Latin America. One customer is a major operator in Brazil, with the other providing services in another, unnamed Latin American state. The combined value of the two contracts is estimated at several million US Dollars.
“The growth rate of the Latin American communications market is one of the fastest in the world,” commented Alon Aginsky, president and CEO of cVidya Networks. “We expect that cVidya will play an important part in providing Revenue Assurance solutions to these markets.”
cVidya’s MoneyMap® Revenue Assurance Solution enables operators to correlate and consolidate information from all network, operations and business systems. Through an ongoing process, it automatically detects problem areas in which profit margins are decreasing as a result of revenue leakage, data inconsistencies or resources that are not being used efficiently, leading to substantial revenue loss. Once MoneyMap® identifies the areas of revenue leakage and resource inefficiency, it provides the user with intuitive tools to promptly correct and manage the problems to achieve profit maximization.