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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