Released on: September 24, 2008, 8:14 am

Press Release Author: Rivka Tadjer/ MRB Public Relations, Inc.

Industry: Telecommunications

Press Release Summary: Connectiva Systems has just secured $17M in Financing, which
will help support strong growth and extend market leadership for the revenue and
risk management solutions provider for the telecommunications industry.

Press Release Body: New York, NY - September 23, 2008 - Connectiva Systems Inc., a
leading provider of revenue and risk management solutions for the telecommunications
industry, today announced the completion of a $17 million round of investment led by
NEA - IndoUS Ventures, IFC, a member of the World Bank Group, and SAP Ventures, a
division of SAP AG. Returning investor Ovation Capital also participated in the
round.

“Revenue and Risk Management is a growing need of communication service providers
worldwide," said Avi Basu, CEO of Connectiva Systems. "Telecom companies lose
billions of dollars annually due to revenue leakage and other risk factors, and
Connectiva plays a central role in helping recover this revenue. Our ability to
dramatically boost our customers' financial performance helped us to secure
financing from some of the smartest investors globally. We are delighted to welcome
these new institutional investors, as they each bring unique advantages that will
help us extend our global leadership and reach."

Connectiva’s position as a stellar example of India’s evolving technology industry
is in part what attracted investors to the company. The investment round was led by
NEA-IndoUS Ventures, a top-tier venture capital firm based in Silicon Valley and
India. “Connectiva is a strong fit for our portfolio, with proven and differentiated
technology, rapidly growing revenue, and a unique business model that leverages the
strengths of India,” said Vinod Dham, Managing Director of NEA-IndoUS Ventures.
“Connectiva has generated significant customer and partner traction in a
fast-growing market and the company has the right team in place. It has brought
technology talent on board from around the world, as well as from premier
institutions like the Indian Statistical Institute (ISI) and the Indian Institute of
Technology (IIT)."

Mr. Dham, popularly acknowledged as the "Father of the Pentium" processor, was named
one of the top 25 executives in the computer industry in America and one of the top
100 most influential Asian Americans of the decade.

Connectiva's positioning resonated with the IFC, a leading investor in telecom
companies across emerging markets. "Connectiva has had great success supporting
international telecom operators with advanced business models for revenue management
products. IFC is committed to support Connectiva to fully realize its growth
potential," said Mohsen A. Khalil, IFC Director for Global Information and
Communication Technologies. "IFC is pleased to be associated with a market-leading
software company with research, development and service operations based in Kolkata,
one of the emerging IT centers in India. We hope that Connectiva's success will spur
more entrepreneurial endeavors in that region, leading to further development of the
local IT industry and creation of additional highly skilled jobs."

Headquartered in New York, Connectiva has offices globally and employs over 300
people at its Global Innovation Center in Kolkata, India. According to Mr. Basu,
“Connectiva does far more than mere labor arbitrage in India – we develop the very
core of our intellectual property there. The Indian IT industry is growing up, and
we are proud to be an example of how it can be done." According to Mr. Basu, the
company’s revenues have doubled annually for the past several years, and its
Kolkata-based work force has grown from 50 people three years ago.

The funding round was joined by strategic investor SAP Ventures, the investment arm
of enterprise software company SAP AG. SAP Ventures evaluated numerous companies in
the telecom analytics market before deciding to invest in Connectiva. "SAP Ventures
typically evaluates multiple companies focused on a particular market segment on a
global basis before deciding to invest in a particular company,” said Jai Das,
partner at SAP Ventures. “Our decision to invest in Connectiva was based on its
superior technology and customer traction. We are looking forward to working closely
with Connectiva's team and helping it become a global powerhouse."

Returning investor Ovation Capital, a New York based investment fund, also joined
the investment round. " As such a transnational firm, Connectiva has been able to
tap into emerging market telecoms, where subscriber bases are vast and fast growing,
as well as into mature telecom markets,” said Greg Frank, Managing Partner of
Ovation Capital. “It has repeatedly shown an ability to adapt to an evolving,
competitive marketplace and to focus where it matters. Connectiva's detailed
attention to its customers' needs, its tested and superior technology, and its
people's energy and innovativeness have been validated by this equity round. We
anticipate Connectiva solidifying its lead in the evolving revenue and risk
management markets."

Connectiva Systems' projects have been recognized by numerous industry awards,
including the prestigious World Billing Award for "Best Revenue Assurance Project".
Connectiva has implemented the largest revenue assurance projects worldwide. Its
system processes over four billion call data records per day - far exceeding any
other company in the industry.

Vinod Dham, Managing Director of NEA-IndoUS Ventures and Pravan Malhotra, Senior
Investment Officer with IFC's Global Information and Communications Department, will
join Connectiva's board of directors with immediate effect.

About Connectiva Systems
Connectiva Systems makes revenue and risk management software that enables telecom
operators to get more performance and productivity from their existing
infrastructure. Connectiva's award-winning integrated product suite has solutions
for revenue assurance, fraud management, credit risk, and analytics, which can be
either deployed independently or in tandem. Operators who have partnered with
Connectiva to recover over half a billion dollars in revenue include Bharti Airtel,
the Zain Group, Wataniya Telecom, Tunisiana, BSNL, Etisalat, Cable & Wireless, and
others. Headquartered in New York, Connectiva has offices worldwide, with more than
300 people in its Global Innovation Center in Kolkata, and significant presence in
New Delhi, Kuwait City, London, Singapore and Mexico City. For more information,
visit www.connectivasystems.com.

About NEA - IndoUS Ventures
NEA - IndoUS Ventures is a venture capital firm based out of Bangalore, India and
Silicon Valley US. The firm is dedicated to creating technology and technology
enabled innovative companies out of India that serve both the Indian and the global
markets. The firm's partners have the unique experience and expertise to nurture
entrepreneurs and actively help the development and scaling of promising companies.
In addition, a significant partner in this fund is New Enterprise Associates (NEA)
who is a sponsor and active advisor. This network of collective relationships and
experience is an invaluable asset to entrepreneurs and portfolio companies. For
additional information, visit www.neaiuv.com

About IFC
IFC, a member of the World Bank Group, creates opportunity for people to escape
poverty and improve their lives. We foster sustainable economic growth in developing
countries by supporting private sector development, mobilizing private capital, and
providing advisory and risk mitigation services to businesses and governments. Our
new investments totaled $16.2 billion in fiscal 2008, a 34 percent increase over the
previous year. For more information, visit www.ifc.org.

About Ovation Capital
Ovation Capital is a New York based investment firm with venture capital and
quantitative trading programs. Our venture capital program targets investments in
technology companies with competitive offerings in growing markets. The most
important criterion in our investments is the quality of management - we partner
with energetic, articulate, competitive people with a clear vision and a proven
ability to lead. For more information, visit www.ovationcapital.com.

About SAP Ventures
SAP Ventures invests in innovative and disruptive software and services companies
globally. We pursue opportunities across all stages for outstanding financial
return. Our goal is to bring substantial benefit to all parties by facilitating
interaction between portfolio companies and SAP and its ecosystem of customers and
partners. SAP Ventures has a successful track record of building industry-leading
companies by partnering with outstanding entrepreneurs and top-tier venture capital
firms since 1996. For more information, visit www.sapventures.com.

SAP and all SAP logos are trademarks or registered trademarks of SAP AG in Germany
and in several other countries. All other product and service names mentioned are
the trademarks of their respective companies.

SAP Forward-looking Statement
Any statements contained in this document that are not historical facts are
forward-looking statements as defined in the U.S. Private Securities Litigation
Reform Act of 1995. Words such as “anticipate,” “believe,” “estimate,” “expect,”
“forecast,” “intend,” “may,” “plan,” “project,” “predict,” “should” and “will” and
similar expressions as they relate to SAP are intended to identify such
forward-looking statements. SAP undertakes no obligation to publicly update or
revise any forward-looking statements. All forward-looking statements are subject to
various risks and uncertainties that could cause actual results to differ materially
from expectations The factors that could affect SAP's future financial results are
discussed more fully in SAP's filings with the U.S. Securities and Exchange
Commission ("SEC"), including SAP's most recent Annual Report on Form 20-F filed
with the SEC. Readers are cautioned not to place undue reliance on these
forward-looking statements, which speak only as of their dates.

# # #

FOR IMMEDIATE RELEASE
CONTACTS:
Rivka Tadjer
MRB Public Relations, Inc.
1-845-679-3338
rtadjer@mrb-pr.com
Vivek Kumar (India)
Adfactors Public Relations
91-11-4056 5156
Vivek@adfactorspr.com


Web Site: http://www.mrb-pr.com

Contact Details: Rivka Tadjer
MRB Public Relations, Inc.
1-845-679-3338
rtadjer@mrb-pr.com
Vivek Kumar (India)
Adfactors Public Relations
91-11-4056 5156
Vivek@adfactorspr.com