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| ECTel, Ltd. (ECTX) | |||
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Business Summary excerpt from SEC filing dated: June 15, 2006
ECtel Ltd. is our legal and commercial name. Until April 1998, we operated under the name ECI Telesystems Ltd. We were incorporated as a wholly-owned subsidiary of ECI Telecom Ltd. on April 4, 1990, under the laws of the State of Israel. Our principal executive offices are located at 10 Ha'amal Street, Rosh Ha'ayin 48092, Israel and our telephone number is (972-3) 900-2115. Our agent in the United States, ECtel Inc., is located at 8211 W. Broward Blvd., Suite 460, Fort Lauderdale, FL. On December, 29, 2005, we acquired all of the outstanding shares of Elron Telesoft Ltd. and Elron Telesoft Export (98) Ltd., two sister companies held by Elron Electronic Industries Ltd., which we refer to as Telesoft. Telesoft is engaged in the development and marketing of software solutions for the management of large communications and internet networks, including its Revenue Assurance solution for telecommunication services providers, which effectively complements our Integrated Revenue Management solution. We believe that the acquisition of Telesoft will allow us to provide telecommunications service providers with a flexible solution that addresses all of their revenue assurance needs. We develop and market our Integrated Revenue Management™, or IRM™, solutions. The IRM enables communications service providers to deploy, execute, and oversee multiple revenue management programs, such as our fraud prevention and revenue assurance products, on the same platform. The IRM features scalability. As a result, communications service providers moving towards integrating all existing and future revenue management programs can, initially, implement any part of the IRM, while gradually migrating to a comprehensive IRM™ solution. Our solutions equip telecommunications service providers with comprehensive data gathering, monitoring, control and analysis capabilities to improve their operational efficiency and profitability by: |
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- detecting and preventing fraud;
- Monitoring and controlling revenue related processes; - detecting revenue leakage, (i.e. failure of a telecommunications service providers to correctly and fully bill and collect revenues for services provided by it), as part of a revenue assurance process, including leakage of billing events; - supporting revenue assurance, including call leakage detection; and - helping to settle interconnect disputes between operators. |
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