Connectiva Systems, the risk management and revenue assurance software firm, has obtained a further US$17m of VC funding. See the press release on Connectiva’s site.
New Finance for Connectiva
Eric Priezkalnshttp://revenueprotect.com
Eric is the Editor of Commsrisk. Look here for more about the history of Commsrisk and the role played by Eric.
Eric is also the Chief Executive of the Risk & Assurance Group (RAG), an association of professionals working in risk management and business assurance for communications providers. RAG was founded in 2003 and Eric was appointed CEO in 2016.
Previously Eric was Director of Risk Management for Qatar Telecom and he has worked with Cable & Wireless, T‑Mobile, Sky, Worldcom and other telcos. He was lead author of Revenue Assurance: Expert Opinions for Communications Providers, published by CRC Press.
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Interesting news.
$17 million sounds like a heck of a lot of cash to play with. We did some research once and were warned agaist seeking VC money. Apparently you can easily end up with mere single digit % control of a company that you set up…although the press releases today always make it sound like a great thing in the RA industry.
I’d also be interested to know what they do for C & W.
Guy