New Delhi (India) – February 11, 2013 – Comviva, the global leader in providing mobile financial and VAS solutions, today announced that it has won the Golden Peacock Innovative Product / Service Award – 2012 for Managed VAS Services. The award was presented on 9th February 2013 at a ceremony held in Bangalore in the presence of eminent industry leaders.

A pioneer in the Managed VAS Services space, Comviva is managing business operations for over 150 VAS services for over 35 operators globally. By transferring end-to-end VAS management to Comviva, operators are able to optimize hardware resources across VAS and improve capital allocation by matching VAS resources to current needs, thereby, realizing on huge savings on overall capex.

Expressing his delight at winning the award Anurag Srivastava, Head of Managed Services at Comviva stated, “It is an honor to be conferred with this prestigious award. Comviva’s pioneering Managed VAS service is based on a framework of defined modules and processes that enable Comviva to manage an operator’s complete VAS portfolio. It has empowered the operators across the globe to optimize their performance in four critical areas: revenue, customer service experience, cost and speed to market. The award is recognition of our ability to provision, manage, monitor and deliver a qualitatively superior and consistent service experience for operators and enhance customer experience.”

Comviva’s Managed VAS Service offering was developed with the realization that operators will succeed and maintain market leadership only if they offer a consistently superior customer service experience. With its Managed VAS Services model, Comviva assumes the mantle of single point of responsibility, replacing separate, vendor-specific delivery models with a comprehensive, standardized approach to end-to-end service management. This enables implementation of harmonious policies, specification of performance level requirements and definition of processes to guarantee an optimal customer service experience. The Golden Peacock Innovation Award is an annual award introduced by India’s Institute of Directors in 1991. The awards are considered to be the greatest form of recognition for corporate excellence in areas of innovation, quality, training, governance, environment management and corporate social responsibility.

Comviva will be present at Hall 5, Stand 5F50 at GSMA Mobile World Congress 2013, Barcelona.

About Comviva Technologies Ltd.
Comviva is the global leader in providing mobile financial and VAS solutions. It’s a subsidiary of Tech Mahindra and a part of the USD 15.9 billion Mahindra Group. With an extensive portfolio of solutions spanning mobile finance, content, infotainment, messaging, mobile data and managed VAS services, Comviva enables service providers to enhance customer experience, rationalize costs and accelerate revenue growth. Its solutions are deployed by over 130 mobile Comviva Press Release Page 2 service providers and financial institutions in over 90 countries and enrich the lives of over a billion people, globally. For more information, please visit http://www.mahindracomviva.com

Media Contacts
Sundeep Mehta
Global PR & Corporate Communications
Comviva Technologies Limited
T: + 91 124 481 9000
pr@comviva.com