Artiman Venture Invests In airwide solutions; airwide solutions Announces Closure of Series C Round of Funding.READING, England -- airwide solutions, a global provider of innovative messaging and content delivery management solutions, has closed its Series C round of funding, securing an additional US$6.25 million. The additional funding sees airwide raise a total of US$16.25 million for their Series C. Artiman Ventures, a Silicon Valley-based venture capital firm, joined existing investors Key Venture Partners, Kodiak Venture Partners and Axiom Ventures. Vinit Nijhawan, executive director, airwide solutions commented, "The closure of the Series C round of funding marks a significant milestone for the company, putting us on track with our financial objectives." "Importantly, it means that we have sufficient funding to finance growth in new regions and to invest in innovative new products in the mobile messaging and content delivery area," said Nijhawan. Farrokh Billimoria, partner, Artiman Ventures stated, "We are very optimistic about the growth of wireless messaging and content delivery, particularly in the emerging markets such as India." "Messaging continues to be an important revenue source for operators, representing the majority of their data revenues in most cases. SMS (1) (Storage Management System) Software used to routinely back up and archive files. See HSM. (2) (Systems Management Server) Systems management software from Microsoft that runs on Windows NT Server. alone is generating close to 12 billion messages per month and is still growing by around 15 percent a year. We view multimedia messaging and content delivery as the next big revenue generator for operators and are enthusiastic about the opportunities it will bring to the mobile networks," said Billimoria. "We see airwide solutions as the innovators in the global messaging market and are looking forward to witnessing the further growth and expansion of such a dynamic company." Simon Everitt, 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. airwide solutions concluded, commenting on the progress the company has made since the acquisition in July: "I am very pleased with the progress airwide solutions has made since July 26. We are on budget, on target and the financial injection from Artiman will ensure that we continue to provide mobile operators worldwide with innovative solutions to their business. We have an exciting 12 months ahead of us." airwide solutions offers a complete mobile messaging and content delivery solutions to mobile operators worldwide. About airwide solutions airwide solutions, with headquarters in Reading, was founded on July 26, 2004, following the acquisition of Schlumberger Messaging Solutions (MSG MSG: see glutamic acid. ) by Taral Networks. The company provides innovative messaging and content delivery management solutions to over 75 wireless operators, content providers and aggregators around the world. Core products include SMSC SMSC Short Message Service Center SMSC Standard Microsystems Corporation (New York) SMSC Spiritual Moral Social Cultural (education) SMSC Stephenville Medical and Surgical Clinic , MMSC, MMS (Multimedia Messaging Service) An enhanced transmission service that enables graphics, video clips and sound files to be transmitted via cellphones. Developed as part of the 3GPP project, MMS phones are generally backward compatible with SMS and EMS. push and router gateways, Value-Added-Services (VAS vas (vas) pl. va´ sa [L.] vessel.va´sal vas aber´rans 1. a blind tubule sometimes connected with the epididymis; a vestigial mesonephric tubule. 2. ) management and Intelligent Networking Applications. About Artiman Ventures Artiman Ventures is a venture capital firm focused on investing in early stage Information Technology companies. With over two decades of entrepreneurial experience, the Artiman team includes former industry professionals, banking analysts, founding entrepreneurs and venture capitalists. Artiman's portfolio includes Merlin Systems (acquired by Redback Networks Redback Networks is a telecommunications equipment company. History Redback Networks was founded in August, 1996. Redback is an ERICSSON subsidiary since the beginning of 2007 (was previously traded on NASDAQ under the symbol RBAK). ), Opsource and InfoVista (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :IVTA IVTA Intravitreal Injection of Triamcinolone Acetonide ). |
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