Press Releases : Archive

2009

cVidya leads the Mobile Content and Advertising Revenue Management Catalyst Project at Management World Americas

Initiative demonstrates how mobile operators, content providers and advertisers can increase revenues and improve operations by leveraging technology

London, UK, December 7, 2009 - cVidya Networks, a global leader and innovative provider of Telecom Revenue Assurance and Dealer Management products, will be leading the Mobile Content and Advertising Revenue Management catalyst project at the TeleManagement Forums Management World America 2009, held between December 8 - 10 in Orlando, Florida. The Management World Americas 10th annual conference will focus on how to launch new business models and deliver vital efficiencies and new service revenues.

cVidya Networks Wins Deloitte Technology Fast 50 Rising Star Award

Award recognizes cVidya's rapid growth over the last five years

London, UK, November 1st, 2009 cVidya Networks, a global leader and innovative provider of Telecom Revenue Assurance and Dealer Management products, announced today that it has been awarded the Deloitte Technology Rising Star Award for 2009. The Rising Star award is a special designation for fast-growth companies that show massive revenue growth.

cVidya enters merger agreement to acquire ECtel

Merger will create one of the worlds largest revenue assurance and fraud management companies; ECtel Shareholders to receive $21 million in cash (less transaction expenses)

London, UK, October 22, 2009 cVidya Networks, a global leader and innovative provider of Telecom Revenue Assurance, Data Integrity and Dealer Management products, announced today that it has entered into a definitive merger agreement for the acquisition of ECtel Ltd. (NASDAQ: ECTX) (ECtel), a leading provider of Integrated Revenue Management (IRM) solutions for communications service providers, in a cash transaction valued at $21 million (less transaction expenses of approximately $430,000).

Arve Johansen Former Deputy CEO and Head of Asia operations of Telenor joins cVidyas Advisory board

London, UK, October 5th, 2009 cVidya Networks, a leading provider of Revenue Assurance and Dealer Management solutions, announced the appointment of former Deputy CEO of Telenor, Mr. Arve Johansen to the cVidyas Advisory board. With over 30 years of experience in the Telecommunication industry, Mr. Johansen brings a wealth of experience, leadership qualities and breadth of knowledge to the role. Mr. Johansen also served as the Head of Asia Region at Telenor.

Stratecast paper identifies cost savings for Telecoms industry by plugging inter-carrier revenue leakage

Wholesale markets potential cost saving of up to 3-5 percent

London, 29 September 2009: A new paper published by Stratecast, a division of Frost & Sullivan, in conjunction with revenue assurance solutions provider cVidya, has revealed potential cost savings service providers and operators can achieve if they address the issue of inter-carrier revenue leakage. In the wholesale market, inter-carrier revenue leakage represents approximately 3 to 5 per cent of service providers total costs for traditional voice products, and in the range of 7 to 11 per cent for broadband products. The paper* explores the challenges of billing errors and disputed invoices both for retail service providers and wholesale network operators and the financial implications on the Telecoms industry.

cVidya Launches breakthrough solution for Partner Invoice Reconciliation, EZTrust for Telecoms Industry

Solution brings innovative capabilities to the complex Revenue Assurance Market, transforming the way network operators and service providers settle disputes

London, July 1st, 2009 - cVidya, a leading provider of revenue assurance and dealer management solutions, has today announced the launch of EZTrust, a system which has been developed to manage contractual disputes between network operators and service providers. It is designed to improve operational efficiencies by automatically verifying and correlating invoices and managing billing queries and disputes against services delivered. With Analyst House Frost and Sullivan estimating that the revenue leakage rate in inter-carrier billing for broadband products is between 7% - 11% of total revenues, EZTrust provides a transparent environment from which processes and settlements between parties can be more effectively managed and resolved.

cVidya Networks awarded the prestigious Global Telecoms Business Innovation Award in Billing Service Innovation

cVidya recognised for its achievements in the latest phase of its revenue assurance programme at BT group

London, UK, June 29th 2009 cVidya Networks, a leading provider of Revenue Assurance and Dealer Management solutions, has announced that is has been awarded the prestigious Global Telecoms Business (GTB) Innovation Award for Most Innovative Project within Billing Services at an awards ceremony held in London.

TM Forum survey indicates that low deployment rate of Revenue Assurance tools is one of the major reasons for lower RA maturity

Recent survey on Revenue Assurance Maturity of CSPs carried out in collaboration between the TM Forum and cVidya Networks

London, UK, June 23rd 2009 cVidya Networks, a leading provider of Revenue Assurance and Dealer Management solutions, announced today the findings of a recently released Revenue Assurance Maturity Survey conducted by the TM Forum.

cVidya and Netezza Deliver Robust Revenue Assurance Solution

LONDON & TEL AVIV, Israel & MARLBOROUGH, Mass.--(BUSINESS WIRE)--cVidya Networks, the leading provider of revenue and cost assurance solutions to communications service providers worldwide, and Netezza Corporation (NYSE: NZ - News), the global leader in data warehouse and analytic appliances, today announced a complete, usage-based revenue assurance solution based on cVidyas MoneyMap and the Netezza data warehouse platform.

cVidya Networks appoints Eran Wagner as President of its North American operations

Palo Alto, California, US, May 18th, 2009

cVidya Networks, a global leader in Revenue Assurance and Dealer Management Systems, has today announced the appointment of Mr. Eran Wagner as President of the North American Regional Operations. Based in Palo Alto, California, USA, Mr. Wagner will lead the Companys activities in the region.

cVidya exhibits at TeleManagement Forums Management World 2009

cVidya takes a significant part in the Margin Assurance and Verification Catalyst project to be demonstrated in the show

London, UK, May 4, 2009 cVidya Networks, a global leader of Revenue Assurance and Dealer Management Systems, will be participating at the TeleManagement Forums Management World 2009, held between May 4 - 8 in Nice, France.

MTN South Africa deploys cVidyas MoneyMap Revenue Assurance solution

The Multimillion dollar Agreement follows a successful proof of concept

London, UK, April 28, 2009 cVidya Networks, a global leader of Revenue Assurance and Dealer Management Systems, announced today that MTNs South African operating unit, one of the largest wireless carriers in South Africa, has selected cVidya Networks with HP South Africa as system integrator to provide a full Revenue Assurance solution.

cVidyas Zero-Risk MoneyMap Express Guaranteed To Reclaim Incremental Revenue Leakage

Quick Start Revenue-Assurance Package Promises Telcos Wont Pay Until Lost Revenue is Found and Recovered

Miami, FL and Tel Aviv, Israel Mar 10, 2009cVidya today announced MoneyMap Express, a unique zero-risk revenue-assurance package for fast assessment and reclamation of revenue leakage. Following successful implementations in Europe, MoneyMap Express is now being launched for North American telecommunications service providers. Using a 100% revenue sharing model, cVidya will install and operate its award-winning MoneyMapplatform along critical revenue leakage points, and will share incremental identified and reclaimed revenue with the service provider.

2008

Vodafone D2 Germany deploys cVidyas Dealer Commission Verification solution

Solution allows Vodafone to optimise dealers' commissioning process and prevent commission-settlement errors.

London, UK, December 1, 2008 cVidya Networks, a global leader of Telecom Data Integrity, Revenue Assurance and Dealer Management systems, announced today that Vodafone Germany has signed an agreement for implementation of cVidya's Data Integrity and DealerMap Commission Verification solution. more

Operators recover only a third of total identified revenue leakages

Collaborative study includes 14 communications service providers from around the world

London, UK, September 30 cVidya Networks, a global leader and innovative provider of Telecom Revenue Assurance Data Integrity and Dealer Management products, announced the findings of the first Revenue Assurance Benchmark Study report carried out in collaboration between the TM Forum and cVidya Networks and based on the TM Forums 10 standard KPI methodology. The study included 14 communications service providers from 5 continents, most with a relatively high RA maturity level.

cVidya Chief Scientist Dr. Gadi Solotorevsky re-elected to the Advisory Board of the TeleManagement Forum (TMF)

Dr. Solotorevsky also serves as the Team Leader for the Revenue Assurance Modelling Team

London, UK, July 14th, 2008 - cVidya Networks, a global leader of telecom data integrity revenue assurance and dealer management systems, announced today that Dr. Gadi Solotorevsky cVidya Chief Scientist has been re-elected for the 3rd consecutive year to the TMF Advisory Board as an advisory director. Dr. Solotorevsky also leads the Revenue Assurance modelling team of the TMF and has led several initiatives including the first Revenue Assurance Benchmark study and the development of the TMF standard KPI methodology.

cVidya Networks is the winner of the World Billing (BIMS) Awards 2008

Award was given for the best Revenue Assurance and management project deployed in BT during 2007

London, UK, 16th June, 2008 cVidya Networks, a global leader of telecom data integrity, revenue assurance and dealer management systems, announced today that it has won the World Billing Awards 2008 in the Best Revenue Assurance and Management Project category at Billing & Information Management Systems (BIMS) 2008 in which deployments were evaluated based on their Effectiveness to enhance data quality and business processes that improves profits, revenues and cash flows.

cVidya Networks finalizes a managed services project for a tier 1 operator in Asia

The project resulted in reduction of 90% in leakage with in the first 3 months

London, UK, 4th June, 2008 cVidya Networks, a global leader of telecom data integrity, revenue assurance and Dealer management systems, announced today that it has finalized the first phase of a large scale managed services project for a tier 1 operator in Asia. The project is conducted in a region with 25 Million subscribers covering both fixed and mobile services for usage and configuration reconciliation tasks. In the next phases the project is planed to be extended to other regions.

cVidya Opens New Office in the US

New Chicago office will manage all sales activities in North America

London, UK, February 26th, 2008-cVidya Networks, a global leader of telecom data integrity revenue assurance and dealer management systems, announced today that it has opened a new office in North America. The Chicago office will manage and coordinate all sales activities in the region and will be headed by Timothy Quinn. cVidya has recently expanded its activities in the Americas region with several key account wins in Latin America during 2007. The US office will provide further support for securing new clients in the North American region by providing local sales support, and, support cVidya partner program.

cVidya closes Round C funding for 12 Million dollars

Battery Ventures is leading the round along with Carmel, Hyperion, Stage One and Star Ventures

London, UK, 5th February, 2008- cVidya Networks, a global leader of telecom data integrity revenue assurance and dealer management systems, announced today that it has closed a $12m Round C funding round. The company selected an offer from Battery Ventures which is leading the round along with all existing cVidya investors: Carmel Ventures, Hyperion, Stage One and Star Ventures.

2007

Cable & Wireless International Expands cVidya Networks Revenue Assurance Deployment

Battery Ventures is leading the round along with Carmel, Hyperion, Stage One and Star Ventures

London, UK, 5th February, 2008- cVidya Networks, a global leader of telecom data integrity revenue assurance and dealer management systems, announced today that it has closed a $12m Round C funding round. The company selected an offer from Battery Ventures which is leading the round along with all existing cVidya investors: Carmel Ventures, Hyperion, Stage One and Star Ventures.

Cable & Wireless International Expands cVidya Networks Revenue Assurance Deployment

MoneyMap will now be deployed in 33 Business units, with over 100 users

October 31, 2007 - cVidya Networks, a global leader of Telecom Data Integrity ,Revenue Assurance and Dealer Management Systems, announced today that Cable & Wireless International (CWI), a leading telecommunications full service provider, will expand the use of cVidya's MoneyMap suite across its global network.

HP Adds Capabilities to Revenue Leakage Control Solution with Technology from cVidya Networks

PALO ALTO, Calif., Oct. 16, 2007 HP today announced enhancements to its HP CentralView Revenue Leakage Control solution through an OEM agreement with cVidya Networks. The HP solution helps communications; media and entertainment (CME) companies detect and prevent loss in their revenue streams.

cVidya Networks Launches Dealer Management Suite

DealerMap Solution enables Telecom providers to manage the full dealer lifecycle

London, UK, October 8, 2007 cVidya Networks, a global leader of Telecom Data Integrity and Revenue Assurance Systems, announced today that it has launched DealerMap, a suite of products and operational tools for Dealer Management operations among communications service providers. cVidya's DealerMap suite is composed of a set of stand-alone modules: These include DealerMap/Fraud Management for monitoring suspicious and fraudulent behavior; DealerMap/Commission Verification for assuring correct commission calculation and payments; and DealerMap/Commission Management, an operational platform for building dealers commission plans and monitoring dealer performance.

cVidya widens presence in Latin America - wins two contracts for its Revenue Assurance Solutions

London, UK, July 23, 2007 cVidya Networks, a global leader of Telecom Data Integrity and Revenue Assurance Systems, announced today that it has won two new contracts in Latin America. One customer is a major operator in Brazil, with the other providing services in another, unnamed Latin American state. The combined value of the two contracts is estimated at several million US Dollars.

cVidya Networks Leads Revenue Assurance KPI Standardization with KPIMap

Solution enables Telecom providers to optimize business performance

London, UK, July 16, 2007 cVidya Networks, a global leader of Telecom Data Integrity and Revenue Assurance Systems, announced today that it has launched KPIMap, a monitoring and operational tool for Revenue Assurance operations among communications service providers. cVidya's KPIMap offers pre-packaged best practice KPIs which provide monitoring on strategic, tactical and operational levels. By analyzing this information KPIMap also contributes to a better understanding and smoother management of operational and business-level objectives, setting medium and long term Revenue Assurance goals for the organization.

cVidya Networks Signs a Multimillion dollar UK Revenue Assurance Agreement with BT

London, UK, 29th May, 2007 cVidya Networks, a global leader of telecom Data Integrity and Revenue Assurance systems, announced today that BT has signed an agreement for implementation of cVidya's MoneyMap solution across its UK operations. This agreement follows on successful execution of cVidya's project with BT in 2006 and subsequent ITT process.

cVidya Showcases Revenue Assurance Tool

Nice, France, 22th May, 2007 cVidya Networks unveiled at TeleManagement World in Nice, France, its MoneyMap/Analytics, a business intelligence tool for revenue assurance operations among communications service providers.

Cable & Wireless UK Reclaims Over 2.5 Million Using cVidyas MoneyMap solution

cVidya Networks' Revenue Assurance solution brings rapid return on investment for major British service provider

March 19, 2007 - 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.

cVidya Networks Launches Revenue Assurance Solution for Mobile Content

February 5, 2007 - cVidya Networks announced today the availability of a revenue assurance solution for mobile content services, based on its flagship product, MoneyMap. This new solution will help operators to maximize profits from content based services. This solution covers all the aspects of revenue management in content services environment, including issues of multi-party revenue chains and new technologies implemented in a legacy OSS / BSS environment.

cVidya Networks successfully completes implementation of MoneyMap/Rating & Billing Verification at Swisscom Mobile

Industry's new and innovative revenue assurance solution for rating and billing verification is launched to validate complex billing plans

January 30, 2007 - cVidya Networks announced today that they have successfully completed implementation of its MoneyMap/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 MoneyMap implementation.

2006

Bezeq International Selects cVidya Networks' MoneyMap for Rating & Billing Verification MoneyMap to identify and reduce revenue leakage while allowing provider to offer more complex and individualized rate plans

October 16, 2006 -cVidya Networks announced today that Bezeq International, Israels leading international calls operator, largest provider of broadband internet (ISP) and total business solutions, has chosen cVidya's MoneyMap 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.

TV Cabo Selects cVidya to Provide Data Integrity Solution

The Agreement with TV Cabo, a subsidiary of Portugal Telecom Group, strengthens cVidya's presence in the Portuguese Market

November 13, 2006 - cVidya Networks announced today it has been chosen by the leading Portuguese Pay-TV Operator, TV Cabo, for the provision of a data integrity solution based on their MoneyMap product.

Freenet selects cVidya Networks' Money Map Revenue Assurance Solution

August 21, 2006 - cVidya Networks announced today 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.

cVidya Networks Advances Revenue Assurance Standardization through TMF Guidebook

Sept. 18, 2006 -cVidya Networks announced today 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 MoneyMap product and methodology as well.

Swisscom Mobile and cVidya Networks initiate a partnership on Revenue Assurance

The activity will be dedicated to enhance best practices and advanced solutions in Revenue Assurance

July 17, 2006 - Swisscom Mobile and cVidya Networks 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 MoneyMap at Swisscom Mobile for the development and validation of new and innovative Revenue Assurance technologies, methodologies and principles.

COLT Purchases cVidya Networks' MoneyMap for Revenue Assurance and Data Integrity

July 10, 2006 - cVidya Networks announced today that COLT, a leading European provider of business communications, has purchased cVidya Networks' MoneyMap as its Revenue Assurance solution for leased lines and data services. COLT will implement the MoneyMap solution and software along with cVidya Networks' professional services. The project will be centrally managed across COLTs operation that spans 13 European countries.

cVidya's MoneyMap The First Revenue Assurance Solution to Support IPTV Services

June 19, 2006 - cVidya Networks announced today the availability of a solution for IPTV services based upon its flagship product, MoneyMap/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.

cVidya Adds Rating and Billing Verification to MoneyMap, Its Revenue Assurance Solution

cVidya's newly released MoneyMap/Suite R3.0 now provides full revenue assurance operations support including rating and billing verification capabilities

May 15, 2006 - 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, MoneyMap/Suite. With this new module, the MoneyMap/Suite now provides a full revenue assurance integrated operations platform covering all areas of revenue assurance usage, configuration, and now rating & billing verification.

cVidya Networks' Named Winner of the 2006 Red Herring 100 Europe Award, which recognizes the 100 "Most Promising" Firms Driving the Future of Technology

May 9, 2006 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.

cVidya Networks Dr. Gadi Solotorevsky Appointed to Influential TeleManagement Forum Advisory Board

April 25, 2006 - 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 Forums 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.

2005

Deutsche Telecom Espaa Chairman Joins cVidya Advisory Board

December 12, 2005 - cVidya Networks, a leading provider of next generation Revenue Assurance solutions, announced today that Deutsche Telecom (DT) Espaa Chairman, Felipe Fernandez Atela, has joined its advisory board. As Chairman of DT Espaa, 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.

Cable & Wireless Selects cVidyas MoneyMap Product for Revenue Assurance

September 20, 2005 - cVidya Networks, a leading provider of next generation revenue assurance solutions, announced today that Cable & Wireless, a leading international telecommunications service provider, has selected cVidyas MoneyMap product as a core revenue assurance solution. The four-year framework agreement will see Cable & Wireless implement cVidyas platform across its international operations, beginning with the UK.

cVidya opens UK office - office will support UK customer base and sales operations

June 20, 2005 cVidya Networks, a leading provider of next generation Revenue Assurance solutions, announced today that it has opened a new office in London, continuing its international expansion. The office will support cVidya's growing customer base in the UK and will also help to expand sales across the UK. Steve McNickle will head-up the new London office.

Dittberner's new analysis report by Dan Baker, Telecom Revenue Assurance & Cost Management Solutions, analyzes the forces shaping the new revenue assurance market. (June 7, 2005)

Dittberner Analysis of cVidya: No other company has been able to explain to Dittberner the many nuances and challenges of data services reconciliation with as much clarity as cVidya has. This fact, combined with the on-going work its doing at Telecom Italia and Bezeq has convinced us that cVidya is the leader in the data services revenue assurance market. The only way to navigate the labyrinth of OSS and billing systems that touch data services is to have experts on the RA team who understand the business. In this regard, we note that several of the experts on cVidyas team are former engineers and programmers at Amdocs, where the culture of hard work and teamwork was instilled. The challenge for cVidya is the same as it is for many a small ISV: marketing and distribution. On that score, cVidya seems to be developing the kind of partnerships that will take the company to the next level. In early 2005, for instance, cVidya announced a significant partnership with Siemens Business Services (SBS). The companies will provide joint revenue assurance solutions to a major telecommunications carrier in Western Europe. We believe cVidya is also looking for partners to enter the U.S. market."
For more information about Dittberner Associate or about the report please visit: www.technology-research.com / OR www.dittberner.com

cVidya & Siemens Informetica to provide RA solutions to major European carrier - cooperation saves European carrier millions in Euros

May 9, 2005---cVidya Networks, a leading provider of next generation Revenue Assurance solutions announced today that they have teamed with Siemens Informatica - Siemens Business Services Group - a leading system integrator, to provide a joint revenue assurance solution to a major telecommunications carrier in Western Europe. The partnership incorporates cVidya's MoneyMap Revenue Assurance platform with Siemens Informatica IT expertise and system integration capabilities to deliver a comprehensive and proactive solution that can quickly monitor and safeguard the carrier's revenue chain. Based on this successful cooperation, the companies are now in the process of extending their relationship into a global partnership to provide worldwide joint operations in Revenue Assurance.

Bezeq, Israel largest national carrier, selects cVidyas Moneymap revenue assurance platform

January 20, 2005 cVidya Networks, a leading provider of next generation Revenue Assurance solutions, announced today that Israels largest national communications carrier Bezeq, has selected cVidya MoneyMap Revenue Assurance platform for its data networks and services. cVidyas MoneyMap product was selected by Bezeqs Revenue Assurance group to leverage its ability to identify, correct and prevent revenue leakages.

2004

cVidya networks Ltd. today announced the opening of a new local office in Hong Kong, to extend its global reach and expand its local presence in the Asia Pacific region.

December 9, 2004 cVidya networks Ltd. A leader in Revenue Assurance today announced the opening of a new local office in Hong Kong, to extend its global reach and expand its local presence in the Asia Pacific region. cVidya's Hong Kong office will strengthen the Company's ability to support its customers in the fast-growing Asia Pacific marketplace.

cVidya Networks raised $7 million in its second round of financing

cVidya Networks, a software company that offers revenue and profit maximization services to Internet broadband providers, raised $7 million in its second round of financing. New investor Carmel Ventures led the round. Returning investors Hyperion Venture Partners and Stage One Ventures also participated.

2003

Leading the Way in Revenue Assurance and Profit Maximization, cVidya @ TelemanagementWorld May. 2003 - Nice France

During May 20-22, 2003 - cVidya will participate in the semi annual TeleManagement Forum expo taking place at Nice, France.

2002

cVidya completes initial funding round - Globes

Start Up cVidya completes initial funding round of $3 million Stage One Ventures and a US based venture capital fund participated in the round. Globes correspondent 29 May 02 12:14 Start up, cVidya, completed its initial funding round of $3 million of the total planned funding of $5 million. Stage One Ventures and a US based venture capital fund participated in the round of funding. The De-Kalo Ben Yehuda Investment Bank is assisting the company in sourcing the investors and closing the deal. The company is currently in the process of completing the additional $2 million of investment. Alon Aginsky, founder and CEO of cVidya stated that the capital raised will be targeted to complete the development of the companys product line as well as to penetrate the US and European markets.

cVidya Networks selected to participate in the TeleManagement Forum's Catalyst Showcase

February 20, 2002 cVidya Networks, a developer of business-oriented service optimization solutions, will demonstrate its revolutionary Business Performance Management system in TeleManagement Catalyst showcase taking place in Nice (May 13-16, 2002). cVidyas will demonstrates how its BPM system integrates with various OSS components and enables Communication Service Provider to optimize their operations to reach todays most critical profit maximization strategic goals.

2001

cVidya networks launch evolutionary service optimization engine at Telemanagement world expo

October 21, 2001 cVidya Networks, introduced release 1.0 of its evolutionary service optimization engine cVidya Optimizer at this fall's TeleManagement World Expo. in Las Vegas, 22-25 October 2001.