Plenus, Israel’s leading provider of customized credit facilities to high-tech companies, has granted a $5 million credit facility to cVidya. cVidya is a global leader and innovative provider of Revenue Assurance and Dealer Management solutions for Telecom Service Providers. The company’s solutions are designed to detect and prevent revenue leakage throughout internal systems, dealer networks, and resolve disputes with business partners. This credit facility is designed to support cVidya’s plans to expand its global reach and further penetrate into the North American market.

 

”Nowadays, operators are focused on increasing profitability and optimizing resources,” said Lee-Bath Nelson, General Partner at Plenus. “In this climate, actions which can significantly boost their bottom line are a necessity, and prevention of revenue leakage is a perfect example of low hanging fruit. Our acquaintance with cVidya’s skilled management team and innovative products dates to before 2006, when we made our first investment in the company. Since then, the company’s solutions have been deployed at top tier operators providing impressive results. We are confident in cVidya’s further growth under the leadership of its strong management, led by CEO Alon Aginsky.”

 

“Following our recent success in Europe and Latin America, we decided to increase our efforts in the North American market,” said Alon Aginsky, cVidya’s CEO. “We turned to Plenus for smart structuring of our credit facility. The solution we designed, together with the fund’s professional team, will provide us with the comfort required for our future activities. We highly appreciate the process and results reached together with Plenus, they have been true long term partners with cVidya.”