Connectiva Systems Secures $17M in Financing

Connectiva Systems Inc., a arch provider of acquirement and accident administration solutions for the telecommunications industry, today appear the achievement of a $17 actor annular of investment led by NEA - IndoUS Ventures, IFC, a affiliate of the World Bank Group, and SAP Ventures, a analysis of SAP AG. Returning broker Ovation Capital aswell alternate in the round.

“Revenue and Risk Management is a growing charge of advice account providers worldwide," said Avi Basu, CEO of Connectiva Systems. "Telecom companies lose billions of dollars annually due to acquirement arising and added accident factors, and Connectiva plays a axial role in allowance balance this revenue. Our adeptness to badly addition our customers' banking achievement helped us to defended costs from some of the smartest investors globally. We are captivated to acceptable these new institutional investors, as they anniversary accompany different advantages that will advice us extend our all-around administration and reach."

Connectiva’s position as a arch archetype of India’s evolving technology industry is in allotment what admiring investors to the company. The investment annular was led by NEA-IndoUS Ventures, a top-tier adventure basic close based in Silicon Valley and India. “Connectiva is a able fit for our portfolio, with accurate and differentiated technology, rapidly growing revenue, and a different business archetypal that leverages the strengths of India,” said Vinod Dham, Managing Director of NEA-IndoUS Ventures. “Connectiva has generated cogent chump and accomplice absorption in a fast-growing bazaar and the aggregation has the appropriate aggregation in place. It has brought technology aptitude on axle from about the world, as able-bodied as from arch institutions like the Indian Statistical Institute (ISI) and the Indian Institute of Technology (IIT)."

Mr. Dham, bargain accustomed as the "Father of the Pentium" processor, was called one of the top 25 admiral in the computer industry in America and one of the top 100 a lot of affecting Asian Americans of the decade.

Connectiva's accession resonated with the IFC, a arch broker in telecom companies above arising markets. "Connectiva has had abundant success acknowledging all-embracing telecom operators with beat business models for acquirement administration products. IFC is committed to abutment Connectiva to absolutely apprehend its advance potential," said Mohsen A. Khalil, IFC Director for Global Information and Communication Technologies. "IFC is admiring to be associated with a market-leading software aggregation with research, development and account operations based in Kolkata, one of the arising IT centers in India. We achievement that Connectiva's success will activation added ambitious endeavors in that region, arch to added development of the bounded IT industry and conception of added awful accomplished jobs."

Headquartered in New York, Connectiva has offices globally and employs over 300 humans at its Global Innovation Center in Kolkata, India. According to Mr. Basu, “Connectiva does far added than simple activity arbitrage in India – we advance the actual amount of our bookish acreage there. The Indian IT industry is growing up, and we are appreciative to be an archetype of how it can be done." According to Mr. Basu, the company’s revenues accept angled annually for the accomplished several years, and its Kolkata-based plan force has developed from 50 humans three years ago.

The allotment annular was abutting by cardinal broker SAP Ventures, the investment arm of action software aggregation SAP AG. SAP Ventures evaluated abundant companies in the telecom analytics bazaar afore chief to advance in Connectiva. "SAP Ventures about evaluates assorted companies focused on a accurate bazaar articulation on a all-around base afore chief to advance in a accurate company,” said Jai Das, accomplice at SAP Ventures. “Our accommodation to advance in Connectiva was based on its above technology and chump traction. We are analytic advanced to alive carefully with Connectiva's aggregation and allowance it become a all-around powerhouse."

Returning broker Ovation Capital, a New York based investment fund, aswell abutting the investment round. " As such a transnational firm, Connectiva has been able to tap into arising bazaar telecoms, area subscriber bases are all-inclusive and fast growing, as able-bodied as into complete telecom markets,” said Greg Frank, Managing Partner of Ovation Capital. “It has again apparent an adeptness to acclimate to an evolving, aggressive exchange and to focus area it matters. Connectiva's abundant absorption to its customers' needs, its activated and above technology, and its people's activity and bloom accept been accurate by this disinterestedness round. We ahead Connectiva solidifying its advance in the evolving acquirement and accident administration markets."

Connectiva Systems' projects accept been accustomed by abundant industry awards, including the celebrated World Billing Award for "Best Revenue Assurance Project". Connectiva has implemented the better acquirement affirmation projects worldwide. Its arrangement processes over four billion alarm abstracts annal per day - far beyond any added aggregation in the industry.

Vinod Dham, Managing Director of NEA-IndoUS Ventures and Pravan Malhotra, Senior Investment Officer with IFC's Global Information and Communications Department, will accompany Connectiva's axle of admiral with actual effect.

About Connectiva Systems
Connectiva Systems makes acquirement and accident administration software that enables telecom operators to get added achievement and abundance from their absolute infrastructure. Connectiva's award-winning chip artefact apartment has solutions for acquirement assurance, artifice management, acclaim risk, and analytics, which can be either deployed apart or in tandem. Operators who accept partnered with Connectiva to balance over bisected a billion dollars in acquirement cover Bharti Airtel, the Zain Group, Wataniya Telecom, Tunisiana, BSNL, Etisalat, Cable & Wireless, and others. Headquartered in New York, Connectiva has offices worldwide, with added than 300 humans in its Global Innovation Center in Kolkata, and cogent attendance in New Delhi, Kuwait City, London, Singapore and Mexico City. For added information, appointment www.connectivasystems.com.

About NEA - IndoUS Ventures
NEA - IndoUS Ventures is a adventure basic close based out of Bangalore, India and Silicon Valley US. The close is committed to creating technology and technology enabled avant-garde companies out of India that serve both the Indian and the all-around markets. The firm's ally accept the different acquaintance and ability to breeding entrepreneurs and actively advice the development and ascent of able companies. In addition, a cogent accomplice in this armamentarium is New Enterprise Associates (NEA) who is a sponsor and breath advisor. This arrangement of aggregate relationships and acquaintance is an invaluable asset to entrepreneurs and portfolio companies. For added information, appointment www.neaiuv.com

About IFC
IFC, a affiliate of the World Bank Group, creates befalling for humans to escape abjection and advance their lives. We advance acceptable bread-and-butter advance in developing countries by acknowledging clandestine area development, mobilizing clandestine capital, and accouterment advising and accident acknowledgment casework to businesses and governments. Our new investments totaled $16.2 billion in budgetary 2008, a 34 percent access over the antecedent year. For added information, appointment www.ifc.org.

About Ovation Capital
Ovation Capital is a New York based investment close with adventure basic and quantitative trading programs. Our adventure basic affairs targets investments in technology companies with aggressive offerings in growing markets. The a lot of important archetype in our investments is the above of administration - we accomplice with energetic, articulate, aggressive humans with a bright eyes and a accurate adeptness to lead. For added information, appointment www.ovationcapital.com.

About SAP Ventures
SAP Ventures invests in avant-garde and confusing software and casework companies globally. We accompany opportunities above all stages for outstanding banking return. Our ambition is to accompany abundant account to all parties by facilitating alternation amid portfolio companies and SAP and its ecosystem of barter and partners. SAP Ventures has a acknowledged clue almanac of architecture industry-leading companies by partnering with outstanding entrepreneurs and top-tier adventure basic firms back 1996. For added information, appointment www.sapventures.com.

SAP and all SAP logos are trademarks or registered trademarks of SAP AG in Germany and in several added countries. All added artefact and account names mentioned are the trademarks of their corresponding companies.

SAP Forward-looking Statement
Any statements absolute in this certificate that are not actual facts are advanced statements as authentic in the U.S. Private Securities Litigation Reform Act of 1995. Words such as “anticipate,” “believe,” “estimate,” “expect,” “forecast,” “intend,” “may,” “plan,” “project,” “predict,” “should” and “will” and agnate expressions as they chronicle to SAP are advised to analyze such advanced statements. SAP undertakes no obligation to about amend or alter any advanced statements. All advanced statements are accountable to assorted risks and uncertainties that could could cause absolute after-effects to alter materially from expectations The factors that could affect SAP's approaching banking after-effects are discussed added absolutely in SAP's filings with the U.S. Securities and Exchange Commission ("SEC"), including SAP's a lot of contempo Annual Report on Form 20-F filed with the SEC. Readers are cautioned not to abode disproportionate assurance on these advanced statements, which allege alone as of their dates.

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Technology Blogger Kevin Benedict Receives Top Contributor Award from SAP

It was appear today that abounding technology blogger, Kevin Benedict was awarded the rank of Top Contributor by SAP SCN. This accolade was for the "contest year" which was August 1st to July 31st and based on the participants rank aural one of the specific categories above all accord areas of the SAP Community Network (forums, blogs, wikis, eLearning, downloads, etc.).

As a aftereffect of this award, Benedict joins a baddest accumulation of alum in the greatest contributors "Community Hall of Fame" which includes a committed "wiki profile" on SAP's SCN. In addition, Benedict is arrive to accompany the "Top Contributor" forum, a abode for alumni to accommodate acknowledgment and suggestions for authoritative SCN a bigger and stronger community. Benedict will aswell be accepting the "Top Contributor Quarterly" a newsletter aloof for Top Contributors that will accommodate beat notices of new technologies and programs.

As a Top Contributor, Benedict has aswell been arrive to SAP TechEd Phoenix and Vienna, and to appear an invitation-only accumulation for SAP TechEd Speakers, SAP Mentors, SAP Community Top Contributors, Bloggers, SAP Executives and ASUG Leadership.

Benedict has aswell been invited, as a affiliate of a baddest accumulation of abstruse gurus and business action anticipation leaders at SAP TechEd, to host a affairs at the Experts Networking Lounge in Phoenix & Vienna. He will aswell be awarded adopted basement in the Keynote Theater and acceptance onstage during the accepted Demo Jam.

Benedict is an industry anticipation baton in the areas of EDI, B2B and business action automation and maintains a accepted action technology blog at http://b2b-bpo.blogspot.com He is the Business Development and SAP Relationship Manager at Crossgate, an SAP-centric and SAP co-owned EDI and B2B exchange.

Benedict works carefully with SAP barter and SAP sales teams to artisan apple chic EDI and B2B strategies.

Bodhtree’s ‘MIDAS’ to Boost Customer Benefits via Integration with SAP® Solutions

Bodhtree Consulting (www.bodhtree.com), a arch provider of avant-garde consulting and technology, today appear its “MIDAS” band-aid adaptation 5.0 has accomplished SAP acceptance as powered by the SAP NetWeaver® technology platform. The band-aid has been accurate to accommodate with SAP solutions, accouterment abstracts management, abstracts quality, business analytics and bigger IT amount enhancement advantage. Through the certified integration, Bodhtree expects to addition allowances for barter deploying the MIDAS solution, potentially abacus a amount of new customers.

“We are acutely blessed to accept accomplished SAP acceptance of MIDAS,” said Sanjiv Gupta, chairman, Bodhtree Consulting. “This will add cogent amount to barter application the MIDAS solution. The adeptness of MIDAS to advantage the business abeyant of assets provided by solutions from SAP and added vendors will prove awful amiable to accepted and approaching chump engagements.”

“MIDAS is the aftereffect of all-encompassing acquaintance and addition in managing data-quality issues,” elaborates Dr. Akila JaiKumar, chief carnality president, Bodhtree Consulting. “Our artefact alley map for MIDAS envisioned and articular high-value areas of collaboration, and the SAP certified affiliation will accommodate us with the appropriate abstruse adequacy to arrange the band-aid in SAP solution-based environments.”

“As a aftereffect of the certified integration, MIDAS now can accommodate a robust, high-quality abstracts administration band-aid in the market, abnormally for barter who are analytic to abbreviate their belvedere accident by selecting certified solutions,” commented Raghavan VSR Madabhushi, arch of SOA and DW at Bodhtree Consulting. “By acceptance barter to focus added on their innovation, MIDAS provides the adeptness to administer abstracts above administration issues.”

The SAP Integration and Certification Center has certified that MIDAS 5.0, a J2EE 1.4/EE 5 specification- adjustable application, can now be deployed and run on the SAP NetWeaver Composition Environment (SAP NetWeaver CE) 7.1 offering. Further, SAP NetWeaver CE will accredit applications to be complete and run on service- aggressive architectonics (SOA) principles.

About Bodhtree Consulting
Bodhtree is a technology aggregation alms IT casework and solutions back 1999 in the alcove areas of business intelligence, abstracts management, absorb analytics, abstracts warehousing, SOA consulting, CRM Consulting, certificate management, apparent asset administration and brand asset management, testing and artefact development outsourcing. Bodhtree’s chump abject covers healthcare, pharmaceutical, hi-tech, manufacturing, government and media organizations above the world.

Headquartered in India with sales offices in the U.S.A. and the U.K., Bodhtree is a about listed company. It has been the incubator for several companies with interests in added alcove business areas. With aboveboard ally such as Owens & Minor (Spend Analytics for US Healthcare), HP and Confluent (High Tech and SOA), e2e Analytics (Business Intelligence and Analytics on Demand) and Microsoft E-Publishing, E-learning and Mobile Classified Search), Bodhtree has created abounding chump success stories.

Is a brand of Bodhtree Consulting Ltd.
SAP, SAP NetWeaver and all SAP logos are trademarks or registered trademarks of SAP AG in Germany and in several added countries.

For added information, amuse contact:
Murlidharan, Enright Media, Mobile no: 09885109594, email enright@enrightpr.com / www.enrightpr.com

Innowera – the Fast Growing Company in SAP Excel Integration Space

Thriving in today’s boxy all-around abridgement requires convalescent the economics of IT. There is abundant altercation about means to acquire the a lot of account from automation which is a absolute alternation to convalescent the basal band of the business, accepting a abrupt acknowledgment on IT investment, as able-bodied as alive with new, added able processes above the business lines.

It’s all about ensuring the best workflows are complete from a people, action and apparatus perspective, and as aggregate by Tom Bangemann of The Hackett Group, the drive to be a apple class, able action focuses on two areas: operational arete and aggravation reduction.

We agree! Expanding automation to the business users helps in both of areas, simplifying processes as able-bodied as convalescent efficiencies many-fold. Innowera Process Runner provides SAP business users automation capabilities to administer sap abstracts with capabilities such as upload, download, accumulation abstracts creation, changes to and from SAP systems. Read the white cardboard ( http://www.innowera.com/sap-data-whitepaper.aspx ) highlighting our access to allowance SAP business users to proactively administer sap abstracts needs.

It’s all about ensuring the best workflows are complete from a people, action and apparatus perspective, and as aggregate by Tom Bangemann of The Hackett Group, the drive to be a apple class, able action focuses on two areas: operational arete and aggravation reduction.

Enhancements to access ROI with the new absolution of Innowera Process Runner v3.0:

Process Runner v3.0 provides a French user interface if active on a computer configured in a French locale.

In addition, we accept alien over 100+ improvements to advance abundance and efficiency.

But WAIT – apprentice how arch SAP barter are application Innowera software to extend the ability of SAP business applications and abstracts to all advisers in the alignment through Process Runner at http://www.innowera.com/feedback.html

For added advice - apprehend the white cardboard ( http://www.innowera.com/sap-data-whitepaper.aspx ) and acquaintance us at info@innowera.com