Matrixx Software Raises $9M

Developer of online charging and policy management solutions has secured funding from Greylock Partners and Tugboat Ventures

March 18, 2010

1 Min Read

MOUNTAIN, Calif. -- MATRIXX Software, developer of the next generation of online charging and policy management solutions, today announces it has secured US$9 million in funding from Greylock Partners and Tugboat Ventures. David Strohm, a 30 year veteran at Greylock and Director at EMC Corporation and VMware, and Dafina Toncheva from Tugboat have been appointed to the MATRIXX Board of Directors.

MATRIXX Software was formed in 2008 by telecoms entrepreneur Dave Labuda, founder and CEO of Portal Software. Dave and his co-founders, Luther Kitahata and Jennifer Kyriakakis, have assembled a world class team with over 100 years of Telco rating and billing experience.

“Our ground-breaking approach to high-performance transaction processing rewrites the economics of real-time charging for service providers,” said Dave Labuda. “MATRIXX is uniquely positioned to drive the monetization of the explosion in mobile data traffic and help service providers profitably launch next generation services and business models.”

Matrixx Software Inc.

Subscribe and receive the latest news from the industry.
Join 62,000+ members. Yes it's completely free.

You May Also Like