ROSH HA'AYIN, Israel , March 18 /PRNewswire-FirstCall/ -- ECtel Ltd. (NASDAQ: ECTX), a leading provider of Integrated Revenue Management(TM) (IRM(TM)) solutions for communications service providers, announced today that Telekom Srpske, a leading operator based in Banja Luka, Bosnia and Herzegovina, placed a first time order for ECtel's fraud detection and prevention solution, FraudView(TM).
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ECtel won this tender in cooperation with Saga, a leading System Integrator representing ECtel in the region.
Telecom Srpske, one of the largest communications providers listed on the Banja Luka Stock Exchange, (BLSE: TLKM-R-A) will use ECtel's FraudView to detect, and ultimately prevent, different types of fraud and patterns of unusual behavior, allowing Telekom Srpske to defend itself against losses and maximize efficiency and effectiveness.
'FraudView will provide us with the tools we need to maximize our revenue potential while giving us the most flexible solution available to support all of our evolving needs,' said Sasa Adamovic, Executive Director for Fixed Network of Telekom Srpske. 'ECtel's products will allow us to gain a competitive edge over other telecom operators. We are very excited about incorporating ECtel's leading solutions into our platform and we look forward to a long and productive relationship with the Company.'
FraudView, the most comprehensive fraud management solution for telecom operators, is designed to meet the needs of wireline, wireless, convergent and next generation communications service providers. FraudView features an array of unique, state-of-the-art fraud detection and prevention technologies, including customer acquisition, risk management, new subscriber evaluation, best in class network traffic and usage monitoring, providing customers with thousands of unique fraud controls.
Designed to meet the needs of all communications service providers (CSPs), FraudView enables real-time detection and prevention of numerous fraud types, both internal and external, allowing its users to stem revenue losses across all business lines and services. Deployed at over 75 operators worldwide, FraudView boasts the industry's largest installed base for wireline and wireless operators and the market's first solutions supporting 3G and VoIP networks.
'The fact that Telekom Srpske, one of the region's leading communications
providers, chose ECtel to provide it with a fraud detection and prevention
solution, attests once again to the superiority and capabilities of our
products,' said
About ECtel
ECtel (NASDAQ:ECTX) is a leading global provider of Integrated Revenue Management(TM) (IRM(TM)) solutions for communications service providers. A pioneering market leader for nearly 20 years, ECtel offers carrier-grade solutions that enable wireline, wireless, converged and next generation operators to fully manage their revenue and cost processes. ECtel serves prominent Tier One operators, and has more than 100 implementations in over 50 countries worldwide. Established in 1990, ECtel maintains offices in the Americas and Europe . For more information, visit http://www.ectel.com.
About Telekom Srpske
Telekom Srpske is one of the largest telecommunications provider listed on the Banja Luka Stock Exchange. Its main activities include the provision of services falling within the area of telecommunications. Accordingly, TS holds licenses for mobile network and services, fixed network and services and provision of Internet services throughout BiH and long distance services - international.
Telekom Srpske has more than 1.3 million subscribers, including 360,000 fixed network users, over 950,000 mobile network users and about 45,000 Internet services users.
The company also owns establishment shares in three companies and is responsible for construction and maintenance of telephone booths, the activities of which are currently carried out by Telekard, a wholly owned subsidiary of Telekom Srpske.
Certain statements contained in this release contain forward-looking information with respect to plans, projections or future performance and products of the Company, the occurrence of which involves certain risks and uncertainties, including, but not limited to, the reoccurrence of sales to existing customers, the ability to recognize revenue in future periods as anticipated, the possible slow-down in expenditures by telecom operators, the unpredictability of the telecom market, product and market acceptance risks, ability to complete development and market introduction of new products, the impact of competitive pricing and offerings, fluctuations in quarterly and annual results of operations, dependence on several large customers, commercialization and technological difficulties, risks related to our operations in Israel and other risks detailed in the Company's annual report on Form 20-F and other filings with the Securities and Exchange Commission. ECtel undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
Company Contacts:
ECtel Ltd.
Michael Neumann, Senior Vice President and CFO
Renee van Oostveen, MarCom Manager
Tel: +972-3-9002115
Fax: +972-3-9002103
Email: mickeyne@ectel.com; ir@ectel.com
Media Contacts:
Ruder Finn Israel for ECtel
Matthew Krieger
Tel: +972-544-676-950
Email: matthew@ruderfinn.co.il
Investor Relations Contacts:
GK Investor Relations for ECtel
Ehud HelftKenny Green
Tel: +1-617-418-3096 +1-646-201-9246
Email: info@gkir.com
SOURCE Ectel Ltd
