cVidya Ranks 7th in Calcalist's ‘Top 50 Most Promising High- Tech Companies for 2010’
London, UK, April 26, 2010 – cVidya Networks (http://www.cvidya.com), a global leader and innovative provider of Revenue Intelligence solutions for telecom, media and entertainment service providers, has been ranked 7th in Calcalist’s ‘Top 50 Most Promising High-Tech Companies for 2010’.
The main rating criteria include the companies' financial strength, willingness to go independent, and the value of their offering. cVidya was chosen in recognition of its market-leading revenue-assurance solutions and for the acquisition of ECtel, which positions cVidya as the leading global vendor in the revenue intelligence category in terms of market share, revenues, installed base and product portfolio. This achievement comes only days after cVidya’s nomination for two TeleManagement Forum awards.
After recording a growth of 83% in 2008, cVidya grew a further 35% in 2009. The acquisition of ECtel will contribute to an additional growth of 100% of its revenues in 2010. In the past year, cVidya increased its customer base with operators like Bell Canada and Telefonica Spain, and thanks to the acquisition of ECtel, has increased it customer base with 100 additional Telecom operators including high-value clients like AT&T, Ross Telecom, Portugal Telecom.
“We are delighted that cVidya has been included in Calcalist's Top 50 Promising High- Tech Companies for 2010,” commented Alon Aginsky, cVidya's CEO. “This is further recognition of our market leadership and the innovation of our complete revenue-intelligence solutions that help thousands of operators with millions of customer accounts improve their bottom line.”
About Calcalist
Calcalist is a daily business newspaper published inIsraelby theYedioth Ahronoth Group. The group also publishesYedioth Ahronoth, the country's most widely circulated newspaper. Calcalist was first published on February 18th 2008, and currently runs five days a week.
For more information, visit http://www.calcalist.co.il/.
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