Mformation Secures $20M in Funding

By siliconindia   |   Tuesday, 29 May 2007, 07:00 Hrs
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Mformation Technologies has raised $20 million in a new a round of financing, led by expansion and late stage investor QuestMark Partners, along with Wasatch Cross Creek Capital, a private equity affiliate of Wasatch Advisors and Mformation’s existing investors who invested their full pro-rata share.

The biggest challenge for mobile operators across the world is that there is a broad array of wireless devices in the market today, ranging from low-end phones with basic functionality to smart phones. In such a complex mobile landscape, it is becoming increasingly difficult for operators to offer services and manage mobile devices of diverse operating systems (including Linux, Microsoft Windows Mobile, RIM and Symbian OS devices), network protocols and third-party software applications.

In order to put mobile operators around the globe in control of service delivery, Mformation offers solutions that enable mobile operators to rapidly accelerate data revenues and reduce support costs. Some of the largest mobile operators in Asia, Europe and the U.S including Sprint, Nextel, T-Mobile, Telefonica and Vodafone, have deployed Mformation’s solutions to launch a wide range of exciting new services and branded offerings to the broadest possible subscriber audience.

Engineers in Bangalore, who are behind making Mformation’s solutions, enjoy the technical challenges that confront them. The company’s Service Manager-Product was recently recognized as the best service delivery platform product by the GSM association at this year’s 3GSM world congress. Being recognized on such a platform speaks of their knowledge of the wireless environment—a key ingredient to move forward in the new mobile era.

They work in multiple areas such as engineering development, QA, R&D, solutions architecture, and technical support. What connects Mformation’s team is a combination of innovation, expertise, tenacity and confidence.

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