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September 25, 2006
Telepo Real Mobility With Nokia Phones
On the back of satisfying the toughest customer in the mobilephone market, namely Nokia, Telepo has raised €4M from Accel Partners in exchange for a minority stake.
The 3-year old startup's software converges fixed and wireless VOIP services for businesses all the way out to the smartphone, typically Symbian devices. It is profitable, had sales of €3M last year and expects to double that figure this year, according to co-founder and CEO Lars-Michaël Paqvalén, who was an early investor in Hotsip (acquired by Oracle) and its CFO for a while.
Before that, he was co-founder and CFO at Gambro AB and CEO of Hansa Business Solutions.
Companies like IBM host Telepo's software to sell as a service to businesses that want to add mobility to enterprise applications and to save on the costs of mobilephone use.
Nokia has also acquired licenses for Telepo's software, which enables some nice productivity and cost-saving features, such as over the air configuration, least cost routing, and seamless switching between WiFi, GSM, and fixed networks (users do not have to remember to change the phone settings to use a WiFi network, for example, the software does it for them automatically).
Posted on September 25, 2006 07:30 AM | Posted to News And Updates | Venture Capital | Wireless | Permalink
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