cVidya Networks, a provider of revenue assurance and dealer management, has completed the acquisition of ECtel, a provider of integrated revenue management solutions for communication service providers, in a $21 million cash transaction.
The combined company will remain private and operate under the cVidya name. The acquisition, cVidya says, positions the company as the leading global vendor in the revenue intelligence category, 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.
With this acquisition, cVidya now serves 132 telecom and media customers and employs 300 professionals in 18 global locations.