ECtel Ltd.
(NDAQ: ECTX) is a small telecommunications firm that is starting to
generate some big waves as the leading provider of revenue assurance
solutions. The company’s flagship fraud management and revenue
assurance products, collectively known as FraudView, leads the market
and helps telecom operators reduce their financial risk while driving
increased customer satisfaction and revenues. Recently, ECtel expanded
its offerings to include its Integrated Revenue Management (IRM)
platform, which features credit and risk monitoring, quality of
services business impact analysis, roaming assurance, and business
intelligence tools for enhancing profitability and scoring. Together,
these solutions can help telecom operators improve their profitability
and customer service.
ECtel shares moved up over 6 percent today after the company
announced that its new offerings were paying off. The
telecommunications company reported that throughout 2007 it received a
total of 12 orders for new systems of its Integrated Revenue Management
solutions. The new clients are reportedly some of the most well-known
and respected telecom service providers from Europe, Asia and the
Americas, including Tele2, CAT Telecom, and Rostelecom. Meanwhile, the
company’s flagship FraudView product also remains strong with over 75
deployments worldwide, boasting the industry’s largest installed base
for wireline and wireless operators and the market’s first solution
supporting 3G and VoIP networks.
“In 2007, we continued to see strong demand for our Integrated
Revenue Management solutions from international telecom operators,
strengthening our position as one of the leading revenue management
companies in the world,” said Mr. Itzik Weinstein, President and CEO of
ECtel. “The complexity of today’s telecom market makes it essential for
operators to install an effective revenue management platform. ECtel’s
solutions provide our customers with crucial insight into their revenue
chains, allowing them to save money and run their businesses as
efficiently as possible.”
ECtel is also trading at an attractive valuation for a company with
an industry-leading product. The company has almost have of its market
value in cash - $1.40 per share - while maintaining a book value of
around $2.71 per share. Despite its negative growth in recent years,
the company does appear to be headed towards a turnaround with its new
strong product offerings. If it succeeds, the cash stockpile it has
will no longer be in jepardy and its share price will likely increase
to reflect that fact. Right now, the firm is trading at some of its
lowest levels of the year and may be a stock worth watching!
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