Pontis raises $10m from Qualcomm, existing shareholders
Summary
The Pontis solution is implemented at some of the leading tier-1 CSPs around the world, and already supports over 250 million subscribers worldwide. “The funding comes at time of fast growth and expansion for Pontis, as our solution is being adopted by more service providers across the globe and as we expand our offering. We are happy with the continued trust demonstrated by our shareholders and very proud of Qualcomm’s strong belief in us and in our solution. We plan to leverage the funding to strengthen our market leadership.” Nagraj Kashyap, Vice President of Qualcomm Ventures added, “Pontis has already demonstrated its ability to increase subscriber loyalty and drive higher ARPU with leading communication service providers around the world. We are excited to support the Pontis team and believe they have the right combination of a strong management team and unique technical expertise to make the company an industry leader.” View more of the latest press releases from across the industry or post your companys news.