Connectiva raises $17M for telecom infrastructure

Connectiva Systems, a New York, NY-based telecommunications software company, has raised $17 million from NEA – IndoUS Ventures, IFC, SAP Ventures and Ovation Capital.

The product suite that Connectiva sells to telecom operators works with their existing infrastructure to help bring in additional revenue, both through customer and credit tracking and fraud prevention. It also includes an analytics package.

Although headquartered in New York, Connectiva has a center in Kolkata, India that employs over 300 people.

Next Story: Engineered antibody maker KaloBios takes on $20M for clinical trials
Previous Story: Buy an iPhone 3G online — and get everything but the phone

Tags: deal