cVidya Networks, a provider of Revenue Intelligence solutions for communication media and entertainment service providers, has announced that it will be showcasing its extended product portfolio at Mobile World Congress. With the acquisition of Ectel, the company's product portfolio is now extended to cover fraud management and marketing analytics solutions.
Recently, cVidya has completed the acquisition of ECtel LTD., provider of Revenue Management solutions for communication service providers, in a cash transaction amounting to $21 million. The acquisition of ECtel positions cVidya as the leading global vendor in the Revenue Management solutions, in terms of market share, revenues, installed base and product portfolio.
"Bringing ECtel into the family not only adds fraud management and product profitability analytics into the mix, it also boosts the scale of the business, making cVidya a one-stop shop for revenue intelligence solutions," said Dan Baker, Research Director at Technology Research Institute (TRI).
"With the addition of fraud management and marketing analytics solutions to our product portfolio, cVidya is positioned as the global leader and the largest provider of Integrated Revenue Intelligence solutions for communication, media and entertainment service provider," said Alon Aginsky, President, CEO and Founder of cVidya. "With the acquisition of ECTel we are now servicing 132 telecom and media customers worldwide and employing 300 professionals in 18 global locations".