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June 13, 2012 01:46 pm GMT
Waiting for the public markets to show a little more promise for tech IPOs,Openethas today announced that it's completed a Series D round of funding totaling $21 million:$16 million in equity funds and $5 million in long term debt.Openet is a Dublin, Ireland-based developer of transaction management software used by 80 network operators in 28 countries -- including AT&T, BT, Orange, Verizon and Vodafone -- to do things like work out new ways to charge users for the amount of data they use.The round was led by NS Solutions, a Japan-based IT solutions provider that is a subsidiary of the industrial powerhouse Nippon Steel. NS Solutions becomes a distribution partner of Openet's specifically to resell its services in Japan -- and the first customer win for the two is a biggie: the mobile operator Softbank. Others participating in the round included Balderton Capital, Cross Atlantic and Kreos Capital.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/MOmPj7zpj8I/
One Step Shy Of An IPO, Telco Friend Openet Picks Up $21M Series D Led By Japans NS Solutions
Waiting for the public markets to show a little more promise for tech IPOs,Openethas today announced that it's completed a Series D round of funding totaling $21 million:$16 million in equity funds and $5 million in long term debt.Openet is a Dublin, Ireland-based developer of transaction management software used by 80 network operators in 28 countries -- including AT&T, BT, Orange, Verizon and Vodafone -- to do things like work out new ways to charge users for the amount of data they use.The round was led by NS Solutions, a Japan-based IT solutions provider that is a subsidiary of the industrial powerhouse Nippon Steel. NS Solutions becomes a distribution partner of Openet's specifically to resell its services in Japan -- and the first customer win for the two is a biggie: the mobile operator Softbank. Others participating in the round included Balderton Capital, Cross Atlantic and Kreos Capital.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/MOmPj7zpj8I/
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