Aito Raises Funding

HELSINKI, Finland -- Aito Technologies (www.aitotechnologies.com) announced today that it has raised a first round venture capital investment from Conor Venture Partners. Aito develops business management solutions for mobile operators and service providers. The investment will be used for further product development and market expansion.

Aito's software enables operators to improve their customer experience management, segment their customer base more accurately, analyze the adoption patterns of new services, and reduce support calls. Traditionally, management software at operators places the spotlight on technical network management. Aito's solution extends this by also providing the operator's business management with access to real-time information on mobile service usage and quality. The management can access a range of analysis from their desktop enabling faster and more educated decisions. This has a direct impact on the operator's profitability.

"We are now at a stage where we see the outcome of our first delivery projects. The results have been extremely positive and we look forward to making our software and its benefits generally available to a wider range of operators," says Anssi Tauriainen, CEO of Aito. "We believe that Conor can provide us with significant additional value through its hands-on approach, its business network and strategy work", Tauriainen continues.

"We are impressed by Aito management's ability to create a company with a strong global vision supported by strong own IPR", says Jari Mieskonen, Managing Partner at Conor Venture Partners.

Aito Technologies