Mara-Ison, the Dubai-headquartered IT services business, is rumoured to be in advanced talks to buy Connectiva, the troubled Indian RA vendor, according to the unofficial blog of disgruntled Connectiva employees. According to Mara-Ison’s website, they have a strong presence in Africa, but there is minimal information about their current telecoms offerings or customers. As such, there is little to say about the potential synergies between the businesses, except that there is unlikely to be any overlap between their products. What is certain is that existing Connectiva customers will be eager to hear some reliable news from their supplier. If the rumours are true, an official announcement may come soon.
Connectiva Sale Rumoured
This whole Connectiva mess is worrying on many levels. It makes one wonder, this whole RA vendor business – might it be a pack of cards that can collapse anytime? Granted, Connectiva is just one player and the decisions that management made in the past may only now be coming to haunt them, but how many other RA vendors are navigating these rough waters using kayaks.
In the scheme of things when the music stops, is it the customers (telcos) who are left without a chair along with employees and other business partners?
Epitaph for a collapsed RA Vendor: “ Here lies XX Ltd, billions of xDRs later, high sounding business plans and razzmatazz aside, now lies the cold corpse: none of the industry buzzwords and statistics could save XX Ltd”
What happened to Connectiva is purely due to sheer greed, an extreme case of case of misappropriation of funds. Connectiva as an organization was & is always non-transparent whenever the question of providing information on the books of accounts. By and large none of us including some of the former employees are aware of what exactly is happening behind the curtains at Connectiva.
Lately, we have heard that Chief Scientist of Connectiva is masterminding a game plan in ensuring that the dues are not paid out. The belief otherwise was that the chief scientist was hoodwinked into this whole fiasco. However it now understood that there is enough & more reason to believe that the chief scientist is playing dirty in protecting his welfare, even @ the cost of pushing others into the coffin.
The question that worries everyone in this business is whether Connectiva is throwing dust in the eyes of its customers/employees?
The former employees are worried that they may never get their money. Some of the former employees even suggests that the matter is taken to the schools of the children of some of the key stake holders @ Connectiva(The chief scientist, The Account Director, The Head of Finance) and make an announcement of their parent’s intentions in deceiving the employees and that if this is done with the employees, it might also happen that they don’t pay up the school fees and obtain free education.
While, this might not be the best approach, the erstwhile employees aren’t hesitating in walking this path to highlight to the RA & FMS fraternity and the society as such on the intentions of such self proclaimed “RESPECTED LEADERS”.
Maybe considering a fraud management system to identify or alert us well ahead of time on behaviours such as NITPS (no intention to pay salaries) by the management might prove good.
What might be a good starting point would be to perhaps provide all the names of the senior personnel to NASCOMM & ensure that they are never ever provided any employment on grounds of highly fraudulent activities towards employees and customers.