Enterprise Communication Company Telepo Accelerates Growth With New EUR10M Funding

25/08/2010 08:03

PR Newswire

STOCKHOLM, August 25, 2010 /PRNewswire/ -- Telepo AB, the award winning enabler of Enterprise Communication and

Collaboration software platforms, has secured EUR10m in its B round funding

from Investor Growth Capital and existing investor Accel Partners. It is the

biggest software investment this year in the Nordics and Vice President

Mikael Johnsson at Investor Growth Capital will join Telepo's board of

directors.

Telepo will use these new resources to fuel an accelerated geographical

expansion and to further strengthen the breadth and depth of the Telepo

Business Communication Solution.

Telepo CEO Lars Wahlstrom said: "Telepo has been very successful from its

start in 2004. Today, our innovative software enables16 Service Providers in

five countries to offer Unified Communications as a Service via the Cloud and

they averaged a 280 per cent end user growth last year.

"Telepo's unique solution brings it all together both for business users

and Service Providers. Business users benefit from our rich feature set

through a single consistent experience across all device types including

mobiles, PCs, Macs and deskphones. Service Providers increase revenues and

also benefit from our complete cloud enabled platform that has an

unparalleled short time to market launch, just four months for a Telco, as

well as operational excellence over time."

Investor Growth Capital is the wholly owned venture capital arm of

Investor AB, the largest listed industrial holding company in Northern Europe

with assets of more than SEK153 Billion.

Investor Growth Capital VP Mikael Johnsson said: "We are excited to

support Telepo with its international expansion. The company has attracted a

very strong team and it has a unique product offering that stands out in a

market that is really about to take off."

Accel Partners has a history of supporting innovative companies such as

Facebook, Admob, Macromedia and Playfish. It first invested in Telepo in 2006

and its continued excitement is shown in this latest round of funding.

Accel Partners Martin Gibson said: "Telepo's Internet philosophy makes

life easier for both enterprises and Service Providers. It has great power to

take enterprise communication into the cloud era."

Notes to Editors

About Telepo

Telepo is a leading software provider enabling any Service Provider to

offer Unified Communication and Collaboration "as a Service" to Enterprises.

Telepo's innovation and thought leadership has been recognized in the

industry leading to awards such as Gartner "Cool Vendor in Wireless and

Mobile" and GSMA "Best Mobile Enterprise Product". Telepo AB is a privately

held company founded in 2004 and headquartered in Stockholm, Sweden.

About Accel Partners

Founded in 1983, Accel Partners is a venture capital and growth equity

firm dedicated to partnering with outstanding entrepreneurs to build

world-class businesses. Accel invests globally using dedicated teams in each

local geography, with offices in Palo Alto, London, New Delhi, Bangalore as

well as in China via the IDG-Accel Partnership. With over $6 billion under

management, Accel has helped entrepreneurs build over 300 successful

companies, including Acopia, AdMob, Alfresco, Arrowpoint, BBN, Brightcove,

ComScore, Etsy, Facebook, Gameforge, GlamMedia, Groupon, Interwoven, Kayak,

Macromedia, metroPCS, NextG Networks, Polycom/PictureTel, Portal Software,

QlikTech, Real Networks, Riverbed, UUNet, Veritas, Walmart.com, Webroot,

XenSource and Zimbra.

About Investor Growth Capital

Investor Growth Capital is the wholly-owned venture capital arm of

Investor AB. Investor Growth Capital was formed in themid-1990's to invest in

high quality, growth-oriented companies, primarily in the IT and Healthcare

industries. Today, the main focus remains within these areas for later stage

venture investments in new technologies and products. Operations are

conducted from Amsterdam, with advisory support from our offices in the

New York, Menlo Park, Stockholm, Beijing and Hong Kong, with a total of more

than 30 investment professionals managing a portfolio whose value exceeds USD


1 billion.

Press contacts: Telepo - Matt Harris, +44(0)7834390062 / press@telepo.com






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