cVidya Networks Wins Deloitte Technology Fast 50 Rising Star Award

Added: (Sun Nov 01 2009)

Pressbox (Press Release) - 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.
To determine the fastest growing companies, Deloitte reviewed fiscal year revenues over five years (2004-2008), calculated the revenue growth percentage over five years, and compared the growth of technology companies.

Over that period, cVidya has experienced tremendous growth and hit significant milestones: increasing its customer base to over 30 Tier 1 and 2 Telecom service providers worldwide; adding strategic global partnerships; expanding its product portfolio and its presence throughout the world. During this period, cVidya also significantly increased the number of its employees by ten-fold.

"Achieving sustained revenue growth over five years is a tremendous accomplishment for a technology company operating in a competitive world”, said Tal Chen, director in charge of the Deloitte Brightman Almagor Zohar Israel Technology Fast 50 Program. cVidya deserves a lot of credit for its remarkable growth and we commend them for it."

“We're really proud to be recognized for our strong performance and achievements over the past five years.” commented Alon Aginsky, Founder, President and CEO of cVidya Networks. “We remain committed to delivering innovative technologies as well as products that improve our customers’ bottom line. We have been able to expand our position as the leader in the Revenue Management market."

Additional information on the Deloitte Israel Technology Fast 50 program is available at www.fast50.co.il







About cVidya Networks

cVidya Networks is a global leader and innovative provider of Telecom Revenue Assurance and Dealer Management products. Based on highly-advanced revenue assurance technologies, full compliance with industry standards and market proven methodologies, cVidya`s MoneyMap platform has already helped reduce costs and reclaim hundreds of millions of dollars in lost revenues for fixed, mobile and triple-play communication service providers.
cVidya’s customers include: British Telecom, Telefonica, Vodafone Germany, MTN South Africa, Cable & Wireless, Swisscom, Telecom Italia, China Telecom Tiscali, Colt, Antel, Teo, etc.
cVidya’s MoneyMap® solution has won the prestigious Global Telecoms Business Innovation Awards 2009 for the “Most Innovative Billing Service Solution”.

cVidya sells to and supports customers through a wide network of regional offices in Europe, North America, Latin America, APAC and Africa.

For more information visit http://www.cvidya.com

Media Contacts: Avi Yair
NCSM, Strategic Marketing
+972-2-5637527
avi@ncsm.co.il
Maya Reitman
Marketing Communication Manager
Tel: +972-3-644-1644
Mob: +972-52-5565247
maya.reitman@cvidya.com