Friday, February 8, 2008

cVidya Networks is a global leader and innovative provider of Telecom Revenue Assurance got $12m Round C funding

What Company Is Offering:
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 environments, over all types of networks, OSS and BSS.

How Much They Got From VCs:
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.
This round of funding will enable cVidya to continue with the development of new products developed for the Revenue Management market, to expand its activities in growing markets such as Latin America and USA and to continue its success with Tier 1 telecom operators around the world.

More at:http://www.cvidya.com/

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