PROJECT

Projects

Summary of Proposed Investment

Project Number

27146

Company Name

CONNECTIVA SYSTEMS (INDIA) PRIVATE LIMITED

Date SPI Disclosed

Apr 11, 2008

Country

India

Industry

Telecommunications and Technology

Projected Board Date

May 29, 2008

Status

Completed

Sector

Computer Systems Design and Related Services (System Integration, Custom Computer Programming, IT Services etc.)

Department

Gbl Infrastructure & Natural Resources

Environmental Category

C - No Impact

Previous Events

Approved : Jun 5, 2008
Signed : Aug 15, 2008
Invested : Aug 20, 2008

Project Description

Connectiva Systems Inc. (Connectiva or the company) is a private company that has developed software products for telecom operators to get more financial performance from their existing infrastructure. It does so by detecting and preventing revenue leakage from their operations. Revenue leakage can be caused by billing errors, network problems, fraud, roaming issues, and many other causes. Connectiva’s award-winning flagship product is ONEREViEW™ — whose unique process-driven approach helps service providers improve their business and financial performance dramatically. Telecom operators who have partnered with Connectiva to identify and recover revenue leakage include Bharti Televentures, the MTC Group of Companies, Wataniya Telecom, Tunisiana, BSNL, Etisalat and Cable & Wireless. Connectiva has won the largest revenue assurance contracts in the industry, and has received several prestigious industry awards, including "Best Revenue Assurance" award at World Billing Awards for its project with MTC, and runner-up award at the World BSS Awards 2007 for "Best Revenue Assurance/Management Project" for Wataniya Telecom. Connectiva was founded in 2000 in New York and most of their employees are based in Kolkata, India. The Company is looking to raise up to $15 million in equity funding to: - scale its infrastructure and customer delivery operations in Kolkata, - fund Research & Development to continue to develop innovative products, and - ramp up sales and marketing operations.

Sponsor / Cost / Location

Development Impact