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Paris: Streamezzo, a provider of Rich Application Software platform for mobile, has raised four million euros in an investment round led by Innovacom, with participation by current investors Sofinnova Partners, Sofinnova Ventures, Qualcomm, NTEC and GET Valorisation.
For over the last twenty years, Innovacom has supported the launch of innovative telecommunication and information technology projects. With a solid background in international deployments and networking, Innovacom is uniquely positioned to assist start-up companies not only with capitals but as well as with commercial and partnership opportunities worldwide, with tier-1 actors in the domain.
"The market of Rich Mobile Application is one of the fastest growing segments in terms of end-users adoption and has a great impact on the telecommunication industry as a whole," said Jacques Meheut, Innovacom General Partner.
This round of funding will assist Streamezzo in expanding its international sales and marketing infrastructure, in consolidating its presence in China as well as in bolstering its leadership position in the mobile application arena. The new investment will facilitate, among other activities, to expand its current product and service offerings, as well as to support its developer's ecosystem with enhanced solutions meeting the ever growing demand of technology enabling to easily create and massively deploy innovative rich mobile applications.
Oliver Avaro, Streamezzo CEO, said, "With this new investment, we will consolidate our base camp among mobile operators and manufacturers customers and address from there the fast growing market of the mobile internet which has proven its maturity by the increasing number of application and apps stores released since the beginning of the year".
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