Tribold announced a syndicated $15 million Series B funding round with new investors and existing investors

March 23, 2007

2 Min Read

LONDON -- Tribold today announced a syndicated $15 million Series B funding round with new investors Esprit Capital Partners and existing investors Eden Ventures. As part of the investment, Esprit Partner Nic Brisbourne will be joining the Tribold board.

This investment represents a key milestone in the growth and development of the company and secures another blue chip partnership for Tribold. It delivers the catalyst for Tribold to fulfil expansion of its customer-facing sales and support activities and further develop the level of maturity in its industry leading suite of Product Management application software for Communication Service Providers (CSPs). This step will progress Tribold's international expansion plans and add yet more experience and expertise to Tribold's board.

Tribold is tackling one of the biggest challenges facing CSPs in the 21st Century - effectively managing products and services across their growing portfolios. Through its suite of Product Management application software, Tribold automates what is today a manual and disjointed process, by consolidating product information into a single, unified Product Catalog. Centralizing product data will provide the catalyst to rapidly deliver new product bundles to market in the most efficient and profitable way.

"Securing this level of investment marks the start of another exciting chapter in the company's history and will allow us to build on and further increase the momentum we have built up in the market. We are entering an important phase in our business development and I am delighted to have such strong and experienced financial partners," said Simon Muderack, CEO at Tribold. "Esprit represents another critical blue chip partnership for us, complementing our existing VC, Eden Ventures, who have already added considerable experience and momentum to the business and will continue to do so going forward. Furthermore, Nic joining the already experienced board will add his extensive wealth of expertise and business acumen."


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