HomeInsightsHLR company Adds funds

    HLR company Adds funds


    Apertio, a provider of mobile network infrastructure software, has secured $2.9 million from European technology venture capital firm Add Partners, extending a Series A financing round it announced last December.

    Add Partners joins previous investors DVC Deutsche Venture Capital, Motorola, the Tokarz Investments LLC and Eden Ventures. Apertio has the only next-generation carrier-grade Home Location Register (HLR) and open subscriber profile database deployed today in a Tier 1 operator. With demand increasing for HLR end of life replacements (due within the next several years at practically all major mobile carrier networks) as well as by expanding 2G and 3G networks in Asia and the Americas, Apertio is on an aggressive global drive to secure market leadership.
    “We’ve always sought partners for Apertio who understand the industry and who demonstrate solid commitment to our business and to our vision to create a globally competitive company,” says Paul Magelli, CEO and a founder of Apertio. “Our partnership with Add is as much about funding our faster-than-expected growth as it is about ensuring that we can maximise our potential to dominate the global market for mobile infrastructure software.”
    “We have no doubt that with its market-proven technology Apertio is well ahead of any potential competitor in the multi-billion dollar market for HLR and other software-based mobile infrastructure solutions”, said Niko von Huetz, Investment Director at Add Partners. Add Partners’ Investment Director Niko von Huetz will join the Board of Directors of Apertio.