Intel invests $11m in OSS firm

Telecom Asia Staff
15 Jan 2009
00:00

Intel, in conjunction with investors DJF Espirit and Eden Ventures, has invested $11 million in OSS start-up Tribold.

The UK-based Tribold specializes in developing product data management, integration and lifecycle management systems.

Intel believes it is well-placed to compete in the OSS market against big guns such as Amdocs and Oracle.

"In an uncertain economic climate, we believe this round of funding clearly demonstrates Tribold's importance in the communications industry. The new funds will allow Tribold to grow and expand in existing and new markets," Tribold CEO John Rainger said.

Marcoss Battisti, a senior director at Intel Capital, said the company's product portfolio will help address the problem of operators needing to upsell their services while simultaneously reducing costs.

"The objective of Tribold's products is to radically enable carriers to bring many more products to their customers in a much more efficient way," he said. "This opportunity will help carriers grow their revenue and lower their cost base."

Related content

Comments
No Comments Yet! Be the first to share what you think!

This website uses cookies

This provides customers with a personalized experience and increases the efficiency of visiting the site, allowing us to provide the most efficient service. By using the website and accepting the terms of the policy, you consent to the use of cookies in accordance with the terms of this policy.