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September 25, 2006
Mobile Cohesion Grows With Mobile Value Added Service Boom
Mobile Cohesion, a Belfast-based developer of software used to manage partners of mobile network operators, has raised $4.8M in a second round of funding, ledby Enterprise Equiy and joined by existing investors Cross Atlantic Partners, Accel Partners and Viridian Growth Fund.
As mobile network operators add more multimedia content, more estoreric text messaging services, and value added features for customers, they have to manage all the suppliers of these new services, share the revenues with them, and that kind of thing. That is where Mobile Cohesion's software comes.
It's software is in demand by established telcos, but also MVNOs which are sprouting up all over the world. The new capital is to help it meet demand abroad.
Sigurdur Saevarsson, VP Product management, Richard McConnell, COO, Mobile Cohesion; Denis Murphy, Chairman, Mobile Cohesion; Brian Cummings, Investment Manager, Enterprise Equity (l to r)
Posted on September 25, 2006 02:57 PM | Posted to Wireless | Permalink
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