Tue, 08/03/2016 - 16:35
Fast Data analytics software vendor Intersec has closed a USD10 million funding led by Omnes Capital, Cisco Systems, Harbert European Growth Capital and its banks, who join Innovacom, Highland Capital Partners Europe and CMC-CIC Innovation.
With a strong 50 per cent growth on its core market in 2015 resulting in many new software platforms sold to both existing and new customers, Intersec has now delivered platforms to customers on every continent, expanding its original European and African base to all other regions of the world.
The company’s live solutions address various needs, from Location Data Monetization to Data Analytics and Customer-Base Management.
Telefonica Group, MTS in Russia, Etisalat, Orange, SFR in France, Maroc Telecom, PCCW in Hong Kong, Mobinil in Egypt, Entel in Chile, Vivo in Brasil and Zain in Saudi Arabia trust Intersec.
The funding will be used to strengthen Intersec’s operations worldwide and to fuel innovation and development offering Smart Data software solutions for both the telecom industry and other verticals looking to benefit from its technology.
“Intersec is now a recognised leader in the telco Fast Data Software market. We are looking to strengthen our market position through continued growth of our traditional telco vertical and to expand into new verticals,” says Yann Chevalier, Intersec CEO. “This funding will also be used to innovate further in building additional disruptive technology.
"We chose to invest in Intersec since they have all the right components to fulfil their ambition. The team’s technical and operation expertise, combined with their breathtaking software is an unbeatable value proposition,” says Renaud Poulard, Partner at Omnes Capital. "With its Fast Data capabilities, Intersec is further enabling companies looking to make sense of their data lakes in the fields of telco, retail, transports or banking.
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