Openet Completes $21M Funding
Summary
Openet, a Dublin, Ireland-based provider of high performance transaction management software for network operators, has completed a $21m funding round (approximately €16.9m).The financing includes $16m in equity funds and $5m in long term debt.The round was led by NS Solutions, an information technology solution provider in Japan and a subsidiary company of Nippon Steel, with participation from existing investors Balderton Capital, Cross Atlantic and Kreos Capital.Led by CEO Niall Norton and chairman Gary Cuccio, Openet provides transaction management software for network operators, which delivers real time network engagement, insight, monetization, and control.The company also appointed Margaret Rice-Jones, former CEO and executive director of Aircom International and a director of NewBay, Psion, Abacus Polar and Trivanti, to the Openet Board.