UXP Systems Raises C$8M

UXP Systems secures C$8 million to continue innovating digital identity for service providers.

August 30, 2016

1 Min Read

TORONTO, ON -- UXP Systems, the leader in User Lifecycle Management, is pleased to announce the closing of its Series B round of financing led by cable and telecom industry leaders John Malone and John Risley.

This financing culminates a record fiscal year with the addition of significant new customers including Vodafone and Cable & Wireless, key recognition from industry analysts, as well as significant year over year sales growth of more than 180%. “We are extremely pleased with the strong interest in this financing round,” said Gemini Waghmare, CEO and Founder of UXP Systems. “This investment will support our global expansion and continued innovation of our leading User Lifecycle Management platform.”

“It is clear that operators are recognizing the critical nature of a robust digital identity offering as they transition to a world where a relationship with every household and business user counts” said John Malone.

“People want to connect and access services digitally, on their own terms, at a personal level. UXP Systems has developed an elegant and differentiated solution that transforms service providers and we have emerged as the leader in this domain”, added Waghmare.

UXP Systems’ User Lifecycle Management platform helps operators transform by managing individual user relationships and delivering user control, role management, delegation and personalization. With User Lifecycle Management, operators can innovate above legacy systems to bring new services to market rapidly while fully enabling digital transformation.

UXP Systems Inc.

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