Tribold Pockets $11M

Nnew round of funding led by Intel Capital and joined by existing investors, DFJ Esprit and Eden Ventures

January 13, 2009

1 Min Read

LONDON -- Tribold, a provider of Enterprise Product Management (EPM) software solutions specifically developed for Communication Service Providers (CSPs), announced today that it received US$11M in a new round of funding led by Intel Capital and joined by existing investors, DFJ Esprit and Eden Ventures. The funding will be used to grow Tribold’s North American operations, add key members to its management team, build on Tribold’s existing sales and marketing resources and allow the company to continue to invest in significant research and development to expand its’ product footprint.

Commenting on the funding round, Tribold’s CEO John Rainger said: “In an uncertain economic climate, we believe this round of funding clearly demonstrates Tribold’s importance in the communications industry. The new funds will allow Tribold to grow and expand in existing and new markets. ”

“The objective of Tribold’s products is to radically enable carriers to bring many more products to their customers in a much more efficient way. This opportunity will help carriers grow their revenue and lower their cost base. In the current environment where operators need to “upsell” their service offering and reduce cost, Tribold helps address the problem”, said Marcos Battisti, Intel Capital’s Sector Director Mobility EMEA.

Tribold

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