Connectiv Solutions Reports Significant Growth in 2008.Numerous Milestones and Achievements Reflect the Company's Position as a Leading Telecommunications Communicating information, including data, text, pictures, voice and video over long distance. See communications. Industry Solution Provider BETHESDA, Md. -- 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 Noun 1. double digit - a two-digit integer; from 10 to 99 integer, whole number - any of the natural numbers (positive or negative) or zero; "an integer is a number that is not a fraction" year over year revenue growth. * Market Expansion: Finalized See finalization. significant contracts with Tier I, Tier II and Tier III telecom operators within the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , 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 (1) (IntereXchange Carrier) An organization that provides interstate (long distance) communications services within the U.S., which includes AT&T, MCI, Sprint and more than 700 others. See LATA. (2) (IXC Communications Inc., Austin, TX, www. 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 re·lo·cate v. re·lo·cat·ed, re·lo·cat·ing, re·lo·cates v.tr. To move to or establish in a new place: relocated the business. v.intr. its headquarters to Bethesda, Maryland Bethesda is an urbanized, but unincorporated, area in southern Montgomery County, Maryland, just Northwest of Washington, D.C. It takes its name from a church located there, the Bethesda Presbyterian Church, built in 1820 and rebuilt in 1850, which in turn took its name from 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 Operating expenses The amount paid for asset maintenance or the cost of doing business, excluding depreciation. Earnings are distributed after operating expenses are deducted. and turn billions of raw data into actionable Giving sufficient legal grounds for a lawsuit; giving rise to a Cause of Action. An act, event, or occurrence is said to be actionable when there are legal grounds for basing a lawsuit on it. information. In addition, we're extremely pleased about 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 broadband Term describing the radiation from a source that produces a broad, continuous spectrum of frequencies (contrasted with a laser, which produces a single frequency or very narrow range of frequencies). 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 Coming from a Web server. See Web application. 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 www.connectiv-solutions.com. |
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