cVidya wins German contract The company will supply its MoneyMap solution to German communications service provider Freenet in a deal reportedly worth $400,000

Israeli start-up cVidya Networks Inc., a developer of revenue assurance solutions for the telecommunications sector announced yesterday that the German telecommunications company, freenet.de AG, has selected cVidya Networks' revenue assurance solution, Money Map. The deal is reportedly worth $400,000.

cVidya's solutions are designed help telephony and Internet service providers prevent revenue leakages. The company's technology can be used to trace unrecorded debits, inaccurate pricing, or non-income producing resources on communications networks. cVidya's customers are mainly broadband-based data communications providers (ADSL for Internet), and the company is now expanding into the traditional telephony services field.

cVidya estimates that the revenue leakage prevention market will be worth $1 billion by 2008. The deal with freenet de AG is the latest in a number of agreements signed last year with European telecommunications giants such as Telecom Italia, Colt Telecom Group, Cable and Wireless, and others.

CVidya was founded in 2001 and has raised $13 million to date in two financing rounds.