Connectiv Solutions Reports Significant Growth in 2008
BETHESDA, MD – JANUARY 27, 2009 – Connectiv Solutions, the market leader in enabling telecom operators to uncover valuable network intelligence for measurable competitive advantage, today announced 2008 results including significant market expansion and growth. The company’s achievements over the past 12 months are positioning Connectiv for another successful year in 2009.
Connectiv’s 2008 highlights include:- Financial Stability
Achieved double digit year over year revenue growth. - Market Expansion:
Finalized significant contracts with Tier I, Tier II and Tier III telecom operators within the United States, which further strengthened overall marketshare. Connectiv Solutions’ client base supports over 120 million telecom subscribers within the U.S. alone. - Contract Extensions:
Completed multi-year contract extensions within existing client base. These extensions provide Connectiv increased visibility into the Company’s clients’ organizations and opportunities to grow related solutions and services revenue. - Processing Efficiency:
Seventy percent (70%) increase in monthly processing of call detail records (CDRs). Connectiv is processing billions of CDRs from over 15 different IXC carriers - Employee Growth:
Employee staff increased by 70% in 2008 due to increased demand of Connectiv Solutions. - Strong Pipeline:
Operating multiple assessments and expansion opportunities for major telecom operators which would strength Connectiv’s reach in 2009.
In addition, Connectiv relocated its headquarters to Bethesda, Maryland in 2008, tripling its square footage to support anticipated staff growth in response to growing market demand for the Company’s solutions. The new space ensures that growth can be managed within one central location, while underscoring Connectiv’s commitment to top-notch service and professional development. The expanded facility provides excellent working conditions with quick access to both major roads and metro facilities.
"We attribute our continued growth to our unmatched market experience and determination to drive client success," stated Brian Silvestri, President of Connectiv Solutions. "Connectiv Solutions has proven through our applications the ability to uncover valuable business intelligence across the enterprise to reduce network operating expenses and turn billions of raw data into actionable information. In addition, we’re extremely pleased of our expanded facility; our employees are some of the hardest working individuals and they deserve the best possible environment we can provide them. This move is a clear milestone to achieve our growth strategy. We look forward to another successful year in 2009, helping to fuel bottom line results for our customers."
Connectiv will build on its success in 2009 with additional expansion within the marketplace to include wireline, broadband and pure VoIP operators. Connectiv’s product roadmap will increase overall reach into complex client datasets and further increase their opportunities to increase margins. These datasets will include both voice and data transactional data.
About Connectiv Solutions
Based in Bethesda, MD, Connectiv Solutions delivers a comprehensive, easy-to-use web based system that helps wireless and wireline carriers bridge the data gap within their networks and uncover valuable business intelligence for measurable competitive advantage. These providers, with a combined subscriber base of over 120 million in the U.S. alone, are using Connectiv’s industry leading solutions to gain unparalleled access and visibility into billions of usage records, facilitate highly accurate cost awareness and reduce network operating expenses. With a focus on simplifying complex and overwhelming data streams, Connectiv solutions allow customers to enhance enterprise-wide communication, improve next generation planning and realize rapid return on their investment to help ensure their financial goals are achieved. For more information, visit http://www.connectiv-solutions.com/.
Media Contacts:
Kim Larkin
Larkin Communications for Connectiv
Office: (703) 250-3590, x3406
Mobile: (202) 391-5205
klarkin@larkincomm.com
www.larkincomm.com
Vertical Markets • Mobile • Cable • CLEC • VOIP • Broadband • LD
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