CORK, Ireland -- Kernel Capital through the Bank of Ireland Seed and Early Stage Equity Fund has led a €1.2m investment in Dublin-based Amartus Limited ("Amartus"), a developer of next-generation service delivery solutions for the telecommunications industry. The syndicated investment comprises a €500k investment by Kernel Capital with the remainder of the funds provided by an Angel technology investment syndicate, Enterprise Ireland and Company promoters.
The Communication and IT Service Provider market is experiencing unprecedented change as consumers demand shifts to dynamic, pay-per-use, elastic services. This change is being fueled by the rapid convergence of IT, Communications and Network services in the 'Cloud'. To succeed in this new world Service Providers need a level of automation not possible with current 'closed', 'hardwired' management systems. Amartus' innovative technology enables Service Providers to rapidly transform their operations by fully automating the rollout and delivery of services to customer and partners.
"Automation is critical for the delivery of telecommunications network services and Amartus has developed a rapid response solution for fast, dynamic, on demand service activation and operations, which is exactly what network operator's need. The result is faster roll-out and shorter time to service. Kernel Capital is delighted to support Amartus in developing new opportunities for their Dynamic Modelling based system products." said Dr. Daniel McCaughan, CTO, Kernel Capital.
Currently we allow the following HTML tags in comments:
Single tags
These tags can be used alone and don't need an ending tag.
<br> Defines a single line break
<hr> Defines a horizontal line
Matching tags
These require an ending tag - e.g. <i>italic text</i>
<a> Defines an anchor
<b> Defines bold text
<big> Defines big text
<blockquote> Defines a long quotation
<caption> Defines a table caption
<cite> Defines a citation
<code> Defines computer code text
<em> Defines emphasized text
<fieldset> Defines a border around elements in a form
<h1> This is heading 1
<h2> This is heading 2
<h3> This is heading 3
<h4> This is heading 4
<h5> This is heading 5
<h6> This is heading 6
<i> Defines italic text
<p> Defines a paragraph
<pre> Defines preformatted text
<q> Defines a short quotation
<samp> Defines sample computer code text
<small> Defines small text
<span> Defines a section in a document
<s> Defines strikethrough text
<strike> Defines strikethrough text
<strong> Defines strong text
<sub> Defines subscripted text
<sup> Defines superscripted text
<u> Defines underlined text
Network Computing encourages readers to engage
in spirited, healthy debate, including taking us to task.
However, Network Computing moderates all comments posted to our site,
and reserves the right to modify or remove any content that it determines to be derogatory,
offensive, inflammatory, vulgar, irrelevant/off-topic, racist or obvious marketing/SPAM.
Network Computing further reserves the right to disable the profile of any commenter participating
in said activities.
