cVidya Networks, a leader of Telecom Data Integrity and Revenue Assurance Systems, has announced that COLT, a leading European provider of business communications, has purchased cVidya Networks’ MoneyMap® as its Revenue Assurance solution for leased lines and data services. COLT will implement the MoneyMap® solution and software along with cVidya Networks’ professional services. The project will be centrally managed across COLT’s operation that spans 13 European countries.
“We are very excited that COLT has selected cVidya Networks for Revenue Assurance and Data Integrity; this deal represents another one of our ‘recent wins’ in Europe,” said Alon Aginsky, CEO of cVidya Networks. “MoneyMap® will help COLT maintain cost leadership and revenue recovery throughout their European operation, ultimately improving their customer satisfaction.”
COLT will use the revenue assurance solution to ensure that the actual revenue stream for these services matches the expected revenue stream. One of the main drivers for selecting MoneyMap® was to enhance the company’s existing manual based revenue assurance processes.
cVidya Network’s MoneyMap® revenue assurance and data integrity solution will help COLT maintain its cost leadership by achieving lowest possible unit costs and operational efficiencies. cVidya conducted a proof of concept (PoC) process, during which they demonstrated their capabilities in assuring revenue across 13 countries with diverse systems.
Moreover, in matching between systems, cVidya will also raise the data integrity level. This implementation will enable common and best practices employed across COLT’s pan-European organization, ultimately improving their customer satisfaction with respect to billing and associated processes. Additionally, MoneyMap® will validate modifications to COLT customer configurations as well as validate data migration to existing and new systems.
About cVidya Networks
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 environment, over all types of networks, OSS and BSS.
MoneyMap®’s solutions and cVidya’s highly skilled professional services teams have a proven track record of achieving rapid ROI with major operators, including Cable & Wireless, Telecom Italia and Bezeq. cVidya has offices in EMEA, APAC and South America. cVidya received the Red Herring 100 Europe Award for 2006. For more information visit http://www.cvidya.com
About COLT
COLT is a leading European provider of business communications. COLT specialises in providing data, voice and managed services to midsize and major businesses and wholesale customers. It has more than 50,000 customers across all industry sectors. COLT owns and operates a 13-country, 20,000km network that includes metropolitan area networks in 32 major European cities with direct fibre connections into 10,000 buildings and 13 COLT data centres. COLT Telecom Group S.A. is listed on the London Stock Exchange (COLT). Information about COLT and its products and services can be found on the web at www.colt.net.