& cplSiteName &

OpenCloud Banks £5M

Light Reading
News Wire Feed
Light Reading
9/8/2010
50%
50%

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.

OpenCloud Ltd.

(0)  | 
Comment  | 
Print  | 
Newest First  |  Oldest First  |  Threaded View        ADD A COMMENT
Featured Video
Flash Poll
Upcoming Live Events
September 17-19, 2019, Dallas, Texas
October 1-2, 2019, New Orleans, Louisiana
October 10, 2019, New York, New York
October 22, 2019, Los Angeles, CA
November 5, 2019, London, England
November 7, 2019, London, UK
December 3, 2019, New York, New York
December 3-5, 2019, Vienna, Austria
March 16-18, 2020, Embassy Suites, Denver, Colorado
May 18-20, 2020, Irving Convention Center, Dallas, TX
All Upcoming Live Events