Cambridge-based OpenCloud, a supplier of real-time application server software for next-generation convergent telecommunications services, has received an investment of GBP4m from Nokia Siemens Networks, one of the largest telecommunications hardware, software and services companies in the world.
OpenCloud has also received an additional GBP1m from its existing investors Advent Venture Partners and No 8 Ventures.
In addition to the investment by NSN OpenCloud has secured an OEM agreement that will see OpenCloud’s Rhino Telecom Application Server and Service Interaction Server becoming integrated into NSN’s charge@once unified product suite.
The investment will be used by OpenCloud to further its expansion. It will also allow OpenCloud to extend its partner and application portfolios, as well as assist in the development of future products.
“We are continuing with our quest to open up the telecoms service layer, to provide compelling technology to the expanding community of telecoms software developers and deliver better value and increased innovation” says Jeff Gordon, chief executive of OpenCloud. “Naturally, we are clearly delighted to be making this announcement – in particular receiving an investment from NSN is a strong endorsement of OpenCloud’s products and strategy, and it will help to support our continuing rapid growth. This move elevates our relationship with NSN to that of a truly strategic partner and will enable us to address the considerable service layer and converged charging opportunities in the market.”
“This investment will allow NSN to address the considerable converged charging and service delivery platform opportunities in the market,” says Rick Centeno, head of charging, billing and care, Nokia Siemens Networks. “We will be able to better provide our customers with an integrated offering to fit their end-to-end needs around service development, delivery, control and charging.”
