Article published by: https://www.sdxcentral.com/
Author:Linda Hardesty
Source URL: https://www.sdxcentral.com/articles/news/telco-billing-company-matrixx-raises-40-million-series-c/2018/01/?c_action=home_slider
Matrixx Software today announced a $40 million Series C funding led by Sutter Hill Ventures. Stefan Dyckerhoff, managing director at Sutter Hill, will join Matrixx Software’s board of directors. Additional new investors include Spring Lake Equity Partners and CK Hutchison, whose 3 Group of telecommunications operators serve over 130 million customers. The round also includes existing investors Greylock Partners, Adams Street Partners, Telstra Ventures, and Swisscom Ventures.
The company has raised about $100 million in total funding, said Matrixx’s Co-founder and VP of Marketing Jennifer Kyriakakis.
Calsoft Whitepaper: Storage Performance Testing Guidelines
The 10-year-old company does what it calls “digital commerce” for telcos. This is essentially a new, software-based method for handling processes traditionally referred to as operations support systems and business support systems (OSS and BSS).
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About Calsoft
Calsoft is a leading software product engineering services company specializing in Storage, Networking, Virtualization and Cloud business verticals. Calsoft provides End-to-End Product Development, Quality Assurance Sustenance, Solution Engineering and Professional Services expertise to assist customers in achieving their product development and business goals. www.calsoftinc.com
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