Chandigarh-based Altruist Group acquires iConnectiva
Altruist, a Telecom VAS platforms and services provider today announced the acquisition of iConnectiva, a key player in Telecom Revenue Assurance/Fraud Management and Big Data Analytics. The exact details haven't been revealed but it is an all cash deal. iConnectiva has multiple deployments across Africa, South East Asia and the Indian sub-continent.
This acquisition follows the recent acquisition of Bubble Motion, a celebrity blogging company with rights to voice blogs of Amitabh Bachhan, Sachin Tendulkar, Salman Khan and over 1000 A list celebrities from across Asia. iConnectiva is the sixth acquisition by Altruist – the earlier ones being Mobile2win, Phoneytunes, RelayStrategy, Teligent AB Sweden and Bubble Motion.
Dheeraj Aggarwal, Co-founder of Altruist said
We are very excited about the acquisition of iConnectiva. It is a growth stage company and is an emerging leader in cloud based analytics solutions for telecom providers. We are excited about combining the iConnectiva solution with Altruist’s vast experience and reach in running SaaS platforms to create a Data Analytics power house.
iConnectiva provides a portfolio of analytics solutions for subscriber data monetization, which enable telecom, media, and utility companies to lower churn, improve operational effectiveness, boost ARPU and increase overall profitability.
iConnectiva has developed a Big data Analytics platform called CMetricA based on open source technologies. CMetricA is an integrated solution for all layers from data storage to runtime analytics, batch analytics and complex event processing. iConnectiva is deploying state-of-the-art prepaid analytics solutions with predictive modules, asset assurance engines etc.
iConnectiva will continue to operate as an independent enterprise from Kolkata with synergies being extended across the Altruist group companies for mutual benefit. The geographical spread of the Group will now be more than 40 countries across 4 continents.
