OpenCloud Banks £5M
CAMBRIDGE, U.K. -- OpenCloud Limited, the supplier of real-time application server software for next-generation convergent telecommunications services, has today announced that it has received an investment of £4 million from Nokia Siemens Networks (NSN), one of the largest telecommunications hardware, software and services companies in the world plus an additional £1m from its existing investors Advent Venture Partners and No 8 Ventures.
In addition to the investment by NSN OpenCloud has secured an OEM agreement that will see OpenCloud’s Rhino Telecom Application Server and Service Interaction Server becoming integrated into NSN’s [email protected] unified product suite - a modular, highly scalable and flexible convergent charging solution.
For the last two years, OpenCloud and NSN have enjoyed an increasingly successful working partnership securing 13 joint customers in that time.
The investment will be used by OpenCloud to further its expansion across the Globe. It will also allow OpenCloud to extend its partner and application portfolios, as well as assist in the development of future products. This announcement comes at a time when the market demand for OpenCloud’s Telecoms Application Server and Service Broker products is increasing.