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News >> Technology >>
Empower raises $5 million
By siliconindia staff writer
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Monday, 04 October 2004, 19:30 IST
LONDON: Empower Interactive, a leading supplier of mobile data services infrastructure products for mobile operators worldwide, has raised US$5 million in further funding from existing investors to expand its operations in Europe and Asia.
This fifth round of funding is sourced from existing investors comprising Cazenove Private Equity, Argo, IDG Ventures Europe and DN Capital, and will assist Empower Interactive in expanding its sales and delivery capability throughout Europe and Asia.
We are responding to the growth in volume-based messaging throughout the global market, said Dharmendra Patel, chief financial officer at Empower Interactive. Many of our customers need to be able to cope with the high volumes of SMS and MMS traffic generated by new messaging applications targeted at the mass markets.
In addition to customers such as Orange Group and WIND, in 2004 Empower Interactive sold to a number of major Asian operators such as Telkomsel and SMART. The company plans to use part of the funding to increase its presence in strategic markets in Asia and has recently established an office in Kuala Lumpur, Malaysia.