Iptune Boosts International Growth With 1,3MEUR Investment From Inventure & Finnish Business Angels
23/08/2010 12:35
PR Newswire
HELSINKI, August 23, 2010 /PRNewswire/ -- Iptune, a pioneer in mobile service management solutions, has secured an
investment from a Finnish technology investor, Inventure. The 1,3MEUR
investment was made together with ex-Nokia executives, Pekka Vartiainen and
Kari Ahola.
Iptune specialises in software solutions to monitor and troubleshoot
IP-based services in mobile data networks. The industry first Service Chain
Assurance(TM) solution provides proactive service monitoring with root-cause
analysis and business intelligence capabilities. The solution arms the
operator with information and capabilities to improve service usage, and
addresses service issues enabling significant operational cost savings.
"We want to be part of Finnish success stories and enable technology
companies to grow internationally. We believe that Iptune's technology plays
a key role in operators quest for new business models to beat the growing
demands of data traffic. Iptune's patented solution is unique," comments Timo
Tirkkonen, Partner of Inventure.
"The investment boosts our international efforts to meet the market
demands. Efficient problem solving and analysis of data traffic, provides
cost savings and enables operators to create new, interesting services. Our
technology gives operators the tools to provide better services while
maximizing the data service revenue," explains Vesa Haimi, Founder and CEO of
Iptune.
Iptune was founded in 2005 by a group of mobile network specialists with
extensive experience in the telecom industry. Iptune is headquartered in
Finland, has an office in Kuala Lumpur and works with a global network of
partners.
In May, Iptune secured investment for young innovative enterprises from
the Finnish Funding Agency for Technology and Innovation.
Inventure is a technology investor in early stage companies, actively
supporting growth-orientated entrepreneurs to internationalise Nordic success
stories. Inventure's entrepreneur driven team works actively with the
portfolio companies and brings their knowledge and network's support. Founded
in 2005, Inventure manages funds with over 53MEUR million in total capital
base. http://www.inventure.fi
Iptune taps the potentials of data services and helps mobile network
operators to maximize revenues and overcome the complexity in data service
delivery. Iptune's patented Service Assurance solution enables operators to
monitor and troubleshoot their data service portfolio in a cost effective
way. With international partners and offices, Iptune delivers its productized
solutions and services globally. http://www.iptune.com