Apertio Secures $30 Million Investment; Funding Enables Apertio to Service Rapidly Growing Demand from Global Operators.BRISTOL, England -- Apertio, the leading independent provider of subscriber-centric networks, today announces a $30 million Series B funding round with existing investors: Add Partners, DVC (1) (Digital Video Camera) A camcorder that records in digital format. See DV. (2) (Digital Video Cassette) An earlier term for the DV format. See DV. (3) See desktop videoconferencing. Deutsche Venture Capital, Eden Ventures, Motorola Ventures and The Tokarz Group. T-Mobile Venture Fund, managed by T-Venture, the venture arm of Deutsche Telekom Deutsche Telekom AG (ISIN: DE0005557508, FWB: DTE, NYSE: DT, LSE: DEU, TYO: 9496 ) (abbreviated DTAG) is a telecommunications company headquartered in Bonn, Germany. It is the largest telecommunications company in Germany and in the EU. , also joins the round after the adoption of the Apertio One-NDS (Network Directory Server) by T-Mobile. This investment, secured late last year, represents one of the largest funding deals of 2005 in the European technology sector. It delivers the catalyst for Apertio to fulfil the strong global demand for its unique Apertio One network infrastructure software, and provides a clear path to a full Initial Public Offering. Apertio offers a unique alternative to the high cost and complexity inherent in telecoms' core network infrastructure, delivering proven reductions in capital and operational cost by as much as 50 percent, increasing revenue potential by slashing slash·ing adj. 1. Bitingly critical or satiric: slashing wit. 2. Dashing; pelting: a slashing hailstorm. 3. new service roll-out time from 12 months to 12 weeks, and building the foundation for convergence into fixed and mobile networks today. Apertio One delivers an open architecture and portfolio of mobility applications including the One-NDS (Network Directory Server), One-PPS (Prepaid pre·pay tr.v. pre·paid, pre·pay·ing, pre·pays To pay or pay for beforehand. pre·pay ment n. Server), One-HLR (Home Subscriber Server) and One-HSS (Home Subscriber Server) that unify and liberate (Liberate Technologies, San Mateo, CA) A software company that specialized in the information appliance field. Formerly Network Computer, Inc. (NCI), a spin-off from Oracle in 1996, it changed its name in 1999. subscriber data to create the market's most flexible and resilient subscriber-centric network. "Apertio has had a tremendously successful 2005, more than doubling revenue, and securing over 10 new operator customers," said Paul Magelli, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. at Apertio. "This investment round is proof of the clear market demand for our Apertio One portfolio, and a reflection of our investors faith in our continued rapid growth. I am particularly pleased to welcome T-Mobile Venture Fund as a new investment partner, following our success with T-Mobile in Europe." Apertio customers already number among the largest and fastest growing telecommunications operators in the world, and include: T-Mobile, Orange, Vodafone and AIS. Axel Axel: see Absalon. Kolb, Managing Director of T-Venture, said: "Our entry in this financing round is a direct result of the successful adoption of the Apertio One-NDS by T-Mobile in 2005. This proved beyond doubt the significant business benefits of deploying an open, fully interoperable, software architecture at the heart of the core network. Based on Apertio's growing customer base and unique product portfolio we believe the success of our investment is assured." With a total addressable Reachable. When something is addressable, it can be identified and manipulated independently of its surroundings. For example, screen pixels and RAM memory are addressable. Each of the screen's picture elements can be individually turned on and off, and each of the memory's bytes can be market in excess of $2 billion, the opportunities are significant, and today's announcement provides the catalyst for Apertio to realise its potential as the recognised leader in open software-based core network architecture and applications. www.apertio.com |
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