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 Networks’ revenue assurance (RA) solution, Money Map®. freenet will implement Money Map® as well as their professional services to enhance their internal revenue assurance capabilities.
“freenet 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 Networks’ successful track record at implementing MoneyMap® at major telecom operators, alongside their high quality staff and impressive professional services, made them a clear choice for freenet,†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, MoneyMap®, 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.
“We are very excited that freenet has chosen cVidya’s MoneyMap® to enhance their RA capabilities. The fact that revenue assurance is not new to freenet further emphasizes the maturity of their selection process and our confidence that MoneyMap® is indeed the best RA tool for Telecommunications operators,†said Alon Aginsky, CEO, cVidya Networks.
freenet will implement MoneyMap®/Configuration to monitor their revenue assurance over the billing, provisioning, and de-provisioning processes, including the fulfillment of Service Level Agreement (SLA). freenet will also employ cVidya Networks’ trusted professional services for the initial RA controls, but is ultimately planning to develop its own controls independently.
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
About freenet.de AG
freenet.de AG, one of the leading internet and telecommunications companies in Germany, based in Hamburg, Germany, is a listed company (WKN 579200) with about ten million customers with various internet and telephone services such as internet access, chats, email and photo centre services as well as pre-selection and call by call telephone services. Its internet access, fixed-line telephone, portal business and B2B services make freenet an outstanding competitor on the German market. The business continues its growth with a successful new DSL service and innovative VoIP products. freenet is one of the few service providers with an own network, which provides a powerful infrastructure for data transfer. This allows freenet to create an extremely competitive price structure. The freenet.de AG Annual General Meeting approved the intended merger with mobilcom AG in August 2005.