Raises $10.5 Million in Funding | Press Release
Summary
DUBLIN, Ireland – February 2, 2010 – Openet, the leading provider of Transactional Intelligence for the world’s largest and most innovative network service providers, today announced that it has completed a $10.5m funding round (€7.2 million) to enable expansion for sales and marketing, growth in regional markets and new strategic investments. The funding round was led by Cross Atlantic Capital Partners and Enterprise Ireland. “As an established market player, Openet has exhibited tremendous growth around the world,” said Sutton. “The Company is poised for great success in 2010 and beyond, as it makes a significant impact on the rapidly changing wireless, broadband and cable markets.” This investment brings Openet to almost $61 million (€41 million) in total funding. A global company, Openet’s implementations include long-running engagements with the world’s leading service providers such as BT, Orange, AT&T and Verizon Wireless.