CVidya Chosen By Frost And Sullivan’s Stratecast As One Of The “10 Rat Pack OSS/BSS Suppliers To Watch In 2010”1
cVidya Networks, (http://www.cvidya.com) a global leader and innovative provider of Revenue Intelligence solutions for communication media and entertainment service providers, announced today that it was selected by Frost and Sullivan’s Stratecast as one of the ‘10 Rat Pack Global OSS/BSS suppliers To Watch in 2010.’
According to the report “During tough economic times, it is often innovation that suffers at the hands of cost cutting and downsizing. But, as previous economic downturns have shown, innovation is needed now more than ever. Whether targeted toward cost reduction and reduced cost of ownership or customer retention and revenue generation, it is innovation that enables CSPs to define and deliver new communication products and remain competitive in a challenging economy. The Rat Pack OSS/BSS suppliers described in this report present the market with innovative new concepts and capabilities”.
“We are honored to receive this prestigious award that recognizes cVidya’s tremendous achievements during this challenging year" commented Alon Aginsky, Founder, President and CEO of cVidya Networks, "this award represents cVidya’s deep understanding of service providers’ need to meet evolving market demand and remain competitive. cVidya is further strengthening its position in the market through the recent strategic acquisition of Ectel and we are committed to serving the needs of our combined customers base by delivering valuable integrated Revenue Intelligence solutions ”.
Recently, cvidya has completed the acquisition of ECtel LTD., a leading provider of Revenue Management solutions for communication service providers, in a cash transaction amounting to $21 million. The acquisition of ECtel positions cVidya as the leading global vendor in the Revenue Intelligence category, in terms of market share, revenues, installed base and product portfolio.