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Multichannel Web solutions specialist Volantis secures $11M in third funding round, led by Accel Partners
July 22, 2002
GUILDFORD, U.K. -- Volantis Systems Ltd ('Volantis'), a leading provider of multi-channel software solutions that allow organisations to cost effectively deploy web-applications across multiple devices, today announced funding of US $11m from Accel Partners and existing investors Kennet Venture Partners and Softbank Europe Ventures. Kaj-Erik Relander will join the Board of Volantis Systems as a result of the Accel investment.Volantis, one of the first companies to offer a multi-channel web solution and who recently announced deals with Hutchison 3G (recently re-branded as 3) and Telefónica Móviles, will use the investment to extend its market leadership through increased research and development and geographic spread to ensure the scalability is in place to match the huge demand forecasted for multi-channel solutions within the telecommunications and enterprise market places. Terry Davies, CEO of Volantis, commented: "Like any fundamental shift in technology, multi-channel web infrastructures represent both an opportunity and a risk to business. An opportunity because it provides businesses, such as banks, enterprises and other service providers, with a means of extending customer reach and allowing customers to chose how they interact with a service, and a risk because of the potential costs required to support these new channels and devices. Volantis Systems Ltd.
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