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.
The jury which decides the outcome of this contest consists of representatives from the top venture capital firms in Europe. Their selection of cVidya Networks as a finalist in this contest reaffirms cVidya’s market position and technological accomplishments, reflected in cVidya’s high-profile involvement in the TMF as well as cVidya’s high standing in the recent Red Herring 100 Europe Award.
“It is a great honor to be acknowledged as a top venture in Europe. The selection by this distinguished jury demonstrates once more the trust of the industry and investors in cVidya. cVidya has a track record of adhering to the growth and productivity expectations of its investors, and the future looks promising”, says
About the European Venture Contest
The goal of the European Venture Contest is to identify as early as possible the high tech based innovative companies that will/could become the global leaders of tomorrow, to provide them with an international platform and network of financers and dealmakers and thus accelerate their growth, to assist the innovative entrepreneurial regions in identifying these ventures and have them benchmarked internationally by world-class investors.
The European Venture Contest receives the gracious support of numerous partners including regional development agencies, venture capital associations, business plan competitions, business press and other support organizations at European and regional level.
About cVidya Networks
cVidya Networks is a global leader and innovative provider of Telecom Revenue Assurance and Data Integrity products. cVidya’s suite of comprehensive Revenue Assurance solutions assists fixed, mobile, and triple-play communication service providers (CSPs) to continuously improve their bottom line results.
cVidya’s innovative and flexible product, MoneyMap®, provides a unified platform for implementing Process Aware Revenue Assurance solutions, Data Integrity, Risk Management and Rating & Billing Verification within legacy and new service environment, over all types of networks, OSS and BSS.
MoneyMap®’s solutions and cVidya’s highly skilled professional services teams have a proven track record of achieving rapid ROI with major operators, including Cable & Wireless, Telecom Italia, Colt and Bezeq.
cVidya has offices in EMEA, APAC and South America. cVidya received the Red Herring 100 Europe Award for 2006. For more information visit http://www.cvidya.com