MATRIXX Software Raises US$12M in Funding
Summary
MATRIXX Software, a Mountain View, CA-based developer of online charging and subscriber policy management solutions, has raised US$12m in funding.The round was led by Innovacom, with participation from new investor Adams Street Partners.The company intends to use the funds to increase sales presence in Europe and the US, and expand into the Southeast Asia and Pacific regions.In conjunction with the funding, Bruno Dizengremel, Partner at Innovacom, has joined MATRIXX Software’s Board of Directors.Led by Founder and CEO Dave Labuda, MATRIXX Software MATRIXX Software delivers solutions that help service providers address the growing volume and complexity of services that require real-time processing.
Funding
Amount
$12.0M
Total raised
Date
October 11, 2011
Announcement date
Investors
Innovacom, Adams Street Partners
Lead investors
Company
http://www.matrixxsw.com
Funded company
Classifications
industries
Fintech & Banking
applications
Accounting and Taxes
AskAI Classifications
Labels
Software
SaaS
Telecommunications Software
Linked Companies
MATRIXX Software
$10M to $25M