cVidya Networks, a global leader of telecom data integrity and revenue assurance systems, has successfully completed implementation of its MoneyMapÂ®/Rating & Billing Verification solution at Swisscom Mobile. The implementation of this innovative and comprehensive rating and billing verification solution proves its effectiveness as a revenue assurance tool already today. This announcement also marks a new stage in the partnership between cVidya Networks and Swisscom Mobile for the advancement of revenue assurance practices and technology, and enables progress to the next phases of joint MoneyMapÂ® implementation. [Read more…]
cVidya Networks, a global leader of Telecom Data Integrity and Revenue Assurance Systems, has been selected as a finalist in the European Venture Contest. cVidya was short-listed among the top 18 out of 500 European companies competing for this award. The overall winner of this contest will be announced at a ceremony scheduled for December 4th, in Lisbon. [Read more…]
cVidya Networks, a leader of Telecom Data Integrity and Revenue Assurance Systems, has been selected by the Portuguese Pay-TV Operator TV Cabo for the provisioning of a data integrity solution based on the cVidya MoneyMapÂ® product. This agreement between cVidya and TV Cabo is a big step for cVidya’s business with the Portugal Telecom Group. TV Cabo is a subsidiary of PT Multimedia and Portugal’s leading cable and satellite operator with over 1.4 million customers. [Read more…]
cVidya Networks, a global leader of Telecom Data Integrity and Revenue Assurance Systems, has announced that Bezeq International, Israelâ€™s leading international calls operator, largest provider of broadband internet (ISP) and total business solutions, has chosen cVidya’s MoneyMapÂ® for Rating and Billing Verification.
This solution will allow Bezeq International to support a wide range of varied and complex bundled price plans and promotion campaigns needed to succeed amidst increasingly competitive market conditions, while preventing the revenue leakage to which such plans are often susceptible. This agreement was preceded by a thorough evaluation process, in which Proof of Concepts were conducted among a number of competing solutions. Significant criteria for the choice were configurability, quick set-up of plans and comprehensive data analysis capabilities. [Read more…]
cVidya Networks, a leader of Telecom Data Integrity and Revenue Assurance Systems, has announced their contribution to the Revenue Assurance Guidebook, recently published by the TeleManagement Forum (TMF). Backed by major telecom operators, the guidebook aims to provide a standard for Revenue Assurance by creating a common language as well as a consensus on strategy and best practices. In parallel to its contribution to the standards included in the TMF Guidebook, cVidya Networks has incorporated these concepts in its MoneyMapÂ® product and methodology as well. [Read more…]
cVidya Networks, a global leader of Telecom Data Integrity and Revenue Assurance Systems, announced today that Ronen Tanami is joining the company as COO. As part of cVidya’s management team, Ronen will consolidate the product definition, development and delivery processes into a synergetic integrated framework.
Drawing on his vast experience in working with tier-1 operators, Ronen will ensure that cVidya maintains a high level of efficiency both in the growing number of deployment projects at customer sites as well as in developing the product, MoneyMapÂ®. Ronen will be responsible for ensuring cVidya customers are achieving the highest level of satisfaction with cVidya both through ongoing project deployment and support services. [Read more…]
cVidya Networks, a provider of Telecom Data Integrity and Revenue Assurance Systems, has announced that freenet.de AG (www.freenet.de), one of the leading internet and telecommunication companies in Germany, has selected cVidya Networksâ€™ revenue assurance (RA) solution, Money MapÂ®. freenet will implement Money MapÂ® as well as their professional services to enhance their internal revenue assurance capabilities.
â€œfreenet is experienced in working to prevent revenue leakage in our organization, so we knew that we needed an RA solution and support services that met our high standards. cVidya Networksâ€™ successful track record at implementing MoneyMapÂ® at major telecom operators, alongside their high quality staff and impressive professional services, made them a clear choice for freenet,â€ said Stephan A. Esch, CTO of freenet.de AG.
Although freenet has experience with internal revenue assurance, they chose cVidya Networks because of the flexibility of their flagship product, MoneyMapÂ®, which automates revenue assurance and reveals large revenue leakages. While this contract represents the first phase of the agreement between freenet and cVidya Networks, future phases of the deal will cover additional services beyond ADSL. This agreement extends cVidya Networks’ presence throughout Europe. [Read more…]
Swisscom Mobile and cVidya Networks have announced a partnership in the field of Revenue Assurance. The goal of the partnership is to engage in activities to develop and improve next generation Revenue Assurance best practice and solutions while integrating principles of, for example, business intelligence. The two companies will use the installation of the MoneyMapÂ® at Swisscom Mobile for the development and validation of new and innovative Revenue Assurance technologies, methodologies and principles.
â€œcVidya has proven to go the extra mile when it comes to Revenue Assurance and understands the requirements of an operator that has a mature Revenue Assurance process. At Swisscom Mobile we believe that Revenue Assurance is to take a different turn, especially in the light of eroding monopolies, hostile markets and continuous market and product innovation. In cVidya we have found a partner who will face the next level of Revenue Assurance challenges successfully and we hope to provide a stimulus to the industry as a wholeâ€ said Kurt Meyer, Chief Risk Officer.
“We see Swisscom Mobile’s decision to join efforts with cVidya as a major vote of confidence in our approach to Revenue Assurance,” remarked Alon Aginsky, CEO of cVidya Networks. [Read more…]
cVidya Networks, a leader of Telecom Data Integrity and Revenue Assurance Systems, has announced that COLT, a leading European provider of business communications, has purchased cVidya Networks’ MoneyMapÂ® as its Revenue Assurance solution for leased lines and data services. COLT will implement the MoneyMapÂ® solution and software along with cVidya Networks’ professional services. The project will be centrally managed across COLTâ€™s operation that spans 13 European countries.
“We are very excited that COLT has selected cVidya Networks for Revenue Assurance and Data Integrity; this deal represents another one of our ‘recent wins’ in Europe,” said Alon Aginsky, CEO of cVidya Networks. “MoneyMapÂ® will help COLT maintain cost leadership and revenue recovery throughout their European operation, ultimately improving their customer satisfaction.”
COLT will use the revenue assurance solution to ensure that the actual revenue stream for these services matches the expected revenue stream. One of the main drivers for selecting MoneyMapÂ® was to enhance the companyâ€™s existing manual based revenue assurance processes. [Read more…]
cVidya Networks, a provider of Telecom Data Integrity and Revenue Assurance solutions, announced today the availability of a solution for IPTV services based upon its flagship product, MoneyMapÂ®/Suite. This makes cVidya the first vendor to provide a revenue assurance solution for IPTV. The solution covers both active and proactive aspects of revenue assurance, making it particularly important at the IPTV service deployment stage. cVidya’s solution was recently validated as the revenue assurance component of the IPTV Catalyst project presented by the TeleManagement Forum in Nice.
“Being the first to identify and address the need for revenue assurance in the most innovative and promising line of business in the telecommunications arena today, is an important achievement for cVidya as a leader in our field,” commented Alon Aginsky, CEO of cVidya. “As the services offered by the telecommunications industry continue to multiply, we aim to continually adapt our solutions and lead the revenue assurance industry in fulfilling the changing needs of the communication service providers.”
The business of IPTV has lately become one area in which revenue assurance is especially critical. As CSP’s focus their efforts on IPTV deployment to gain market share, the support systems infrastructure receives lower attention, and they find themselves increasingly exposed to financial risks resulting from data and process integrity issues. Furthermore, information and revenue flows now must be managed between a growing number of content providers and other partners, in addition to the network and consumers. [Read more…]
cVidya Networks, a global leader of Telecom Data Integrity and Revenue Assurance Systems, announced today the addition of a new module – rating & billing verification – to the latest release of its flagship revenue assurance product, MoneyMapÂ®/Suite.
â€œIncluding the rating & billing verification capabilities in the MoneyMapÂ®/Suite will be beneficial for our existing customers and will open up more business opportunities for cVidya Networks. It allows us to create wider offerings and to stabilize the position of MoneyMapÂ® as the leading complete revenue assurance solution suite in the market. We have successfully installed this module for existing customers and the feedback is very positive,â€ said Alon Aginsky, CEO of cVidya Networks.
With this new module, the MoneyMapÂ®/Suite now provides a full revenue assurance integrated operations platform covering all areas of revenue assurance â€“ usage, configuration, and now rating & billing verification. [Read more…]
Red Herring today announced that cVidya Networks is a recipient of Red Herring 100 Europe, a selection of the 100 private companies based in the EMEA region that play a leading role in innovation and technology. â€œMarket obstacles remain but our list shows that great companies are being created in Europe,â€ said Red Herring editor-in-chief Joel Dreyfuss. [Read more…]
cVidya Networks, a leader of Telecom Data Integrity and Revenue Assurance Systems, has announced its leadership role in The Telemanagement Forumâ€™s (TMF) Revenue Assurance (RA) Catalyst Project for the second year in a row. This is one of several such projects in which TMF member organizations collaborate to advance the framework of next generation OSS (NGOSS). cVidya’s repeated selection as team leader in this project came as a result of its position as a developer of the most advanced and effective revenue assurance solutions in the telecommunications industry. This yearâ€™s RA Catalyst is sponsored by China Unicom and led by cVidya Networks with collaboration with other companies;. cVidya Networks will also be participating in the TMFâ€™s Catalyst Project titled â€œIPTV Impact on Fulfillment, Assurance, and Billing (FAB)â€. The IPTV project is sponsored and led by Swisscom. [Read more…]
cVidya Networks, a global leader of Telecom Data Integrity and Revenue Assurance Systems, today announced the appointment of cVidya’s Chief Scientist, Dr. Gadi Solotorevsky, to the TeleManagement Forum Advisory Board. Comprised of senior executives from a global cross section of the telecommunications industry including leading communications service providers, solution suppliers, and systems integrators, the TeleManagement Forumâ€™s Advisory Board is an adjunct to the Board of Directors in which members are selected for their specific expertise and provide guidance to the board in their respective areas. [Read more…]
cVidya Networks, a leading provider of next generation revenue assurance solutions, announced today that Cable & Wireless, a leading international telecommunications service provider will expand upon its initial agreement with cVidya and has selected cVidya to provide additional revenue assurance solutions. These solutions will enable more robust and efficient control over its switched voice revenue streams. In accordance with the initial four-year framework, cVidya already deployed its MoneyMapÂ® configuration based revenue assurance solution for C&W’s data and mobile services. Now cVidya will also provide usage based revenue assurance solutions for C&W’s main network operations in the UK and its 34 subsidiaries around the globe.
cVidya Networks, a leading provider of next generation Revenue Assurance solutions, announced today that Deutsche Telecom (DT) EspaÃ±a Chairman, Felipe Fernandez Atela, has joined its advisory board. As Chairman of DT EspaÃ±a, Atela is a major figure at the telecom giant overseeing 3000 personnel and working directly with the CEO to shape the company’s direction in Iberia.
In addition to his role as Chairman of Deutsche Telecom in Spain, Atela serves on the advisory boards of several consulting and technology companies including Convergys Corporation in Europe. Prior to Deutsche Telecom, Atela was President and CEO of Electronic Data System Iberia, a prominent player in the business process outsourcing industry.
Atela holds a B.A. in economics from the Universidad Complutense of Madrid and an MBA from INSEAD, Fontainebleau.
“We are pleased to have such a leading figure as Mr. Atela join our advisory board,” said Alon Aginsky, CEO of cVidya. “Not only does he bring with him important experience and knowledge, but his addition highlights the industry’s confidence in cVidya’s technology and business model.”
“cVidya is a fantastic company with many capabilities and much expertise in the domain of revenue assurance,” said Atela. “It is an honor for me to join the advisory board and be able to contribute to the success of one of the leader’s in the industry.”
cVidya Networks, a leading provider of next generation Revenue Assurance solutions, announced today that it had participated in a catalyst project with a team from the TeleManagement Forum (TMF) in which its MoneyMapÂ® software solution successfully helped to reduce the costs of implementing internal procedures essential for measuring compliance with the Sarbanes Oxley Act (SOX). Using the automated software solution, cVidya implemented configuration and usage based controls directly related to financial reporting in a scenario that involved back-to-back billing of mobile operator MTS Russia. The operator was partnering with long distance carriers to provide long distance service to its subscribers. Using a sample set of processes being monitored under SOX, the catalyst team demonstrated that the number of processes could be cut significantly in the project entitled “Sarbanes Oxley Compliance through Next Generation OSS.â€
Under section 404 of the Sarbanes Oxley, companies must now establish and maintain an internal control structure as well as execute full internal control assessments, evaluations and issue a report each fiscal year. The catalyst team, led by Ernst and Young Moscow, mapped a sample out of approximately 600 existing processes that require monitoring under SOX, into the eTOM model in order to reduce their number.
As part of the catalyst project, cVidya further employed its MoneyMapÂ® software to demonstrate implementation of controls set to automatically monitor these business processes. The use of MoneyMap’sÂ® dashboard, control wizard and configuration features significantly reduced the time needed by the financial audit teams to supervise the accuracy and the completeness of finance related controls.
“cVidya has participated with the TMF on a number of catalyst projects and we are pleased that our role in this one could provide valuable input on how to streamline the auditing and revenue assurance processes as well as reduce the overall cost to telecom operatorsâ€, said Dr. Gadi Solotorevsky, cVidya’s Chief Scientist and TMF Revenue Assurance Modeling Team Leader.
“Even before the enactment of SOX, the complexity of the operational processes was of considerable concern to telecom operators,” said Limor Schwartz, cVidyaâ€™s V.P. of RA and Risk Management Solutions. “CFOs have long sought solutions to mitigate the risks and manage their exposure on their financial reports. The catalyst project proved that the flexibility and precision of MoneyMapÂ® allows telecom operators to use an automated solution to conform to SOX in a cost effective manner while simultaneously lowering their operational costs.”