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Tatara Scores $6M

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6/2/2005
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ACTON, MA –- Tatara Systems, a developer of converged mobile solutions for communications service providers, announced today that it has closed an additional funding round with two of the most prominent investors in the communications business.

Highland Capital Partners and North Bridge Venture Partners have invested an additional $6M to allow Tatara to more rapidly expand its portfolio of fixed and mobile converged solutions. This investment brings the total to $23M raised since the companies inception in 2001 and allows Tatara to expand its product offering, accelerate commitments to existing Tier 1 service provider customers, and expand market channels to continue growing its leadership position.

"Since the beginning Tatara has been listening to and working with its customers to solve real business problems”, said Steve Nicolle President and CEO of Tatara Systems. “Having delivered and deployed our solutions with lead customers, there has been great investor interest in the company and this new capital allows us to accelerate additional solutions offerings, in addition to ramping resources in support of our growing customer base.”

“Fixed/mobile convergence is one of the driving forces in the new communications landscape”, said Mark Lowenstein, Managing Director of Mobile Ecosystem. "Tatara Systems is one of the leading solutions vendors in this arena today with real applications, live customers, and a scalable platform architecture.”

Tatara Systems Inc.

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