cVidya Networks Completes Acquisition of ECtel
cVidya Networks has completed the acquisition of ECtel, a provider of Integrated Revenue Management (IRM) solutions for communication service providers, in a cash transaction amounting to $21 million. The combined company shall remain private and operate under the cVidya name.
"cVidya is one of the true innovators in revenue assurance. Its fresh initiatives for Dealer Management at Vodafone and its role as an Interconnect partner at BT are two examples of that inventiveness. 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).
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