Carmel Ventures

March 19, 2006 - cVidya Networks announced today that Cable & Wireless, a leading international telecommunications service provider, has recovered over £1 Million of revenues with the direct aid of cVidya’s MoneyMap®.  This return was achieved over a period of 18 months. Beyond the direct reclamation, the operator has used MoneyMap® to help report and reduce internal costs caused by unused network capacity that was not released for further use, for additional £1.5 Million.

The Revenue Assurance department of Cable & Wireless UK used MoneyMap® as part of their activities to identify revenue leakages in their non-usage services (leased lines and IP-VPN). After a 4 month Training and implementation, MoneyMap® has helped the company to identify revenues which were considered lost, by highlighting discrepancies between the network and the billing systems.

"We are very pleased with our selection of cVidya Networks for the use in our Network to Bill Reconciliation activities" said Hakim Akayour, of Cable & Wireless UK.  "Both the MoneyMap® tool and cVidya’s professional services have proven themselves to be a valuable asset to our Revenue Assurance team here at Cable & Wireless."

Alon Aginsky, CEO and co-founder of cVidya Networks, remarked, "We are very proud of the dependable and effective revenue assurance systems we have developed in our product MoneyMap®.  In the hands of our highly skilled and professional team, our solutions can bring considerable value to any service provider’s revenue assurance operations, as evidenced by our achievements with Cable & Wireless.

Cable & Wireless is one of the worlds leading international communications companies. It operates through two standalone business units International and UK.

The International business unit operates integrated telecommunications companies in 33 countries offering mobile, broadband, domestic and international fixed line services to residential and business customers, with principal operations in the Caribbean, Panama, Macau, Monaco and the Channel Islands.

The UK business unit provides enterprise and carrier solutions to the largest users of telecoms services across the UK, US, continental Europe and Asia, and wholesale broadband services in the UK.