HELSINKI, August 23, 2010 /PRNewswire/ -- Iptune, a pioneer in mobile service management solutions, has secured an investment from a Finnish technology investor, Inventure. The 1,3MEUR investment was made together with ex-Nokia executives, Pekka Vartiainen and Kari Ahola.
Iptune specialises in software solutions to monitor and troubleshoot IP-based services in mobile data networks. The industry first Service Chain Assurance(TM) solution provides proactive service monitoring with root-cause analysis and business intelligence capabilities. The solution arms the operator with information and capabilities to improve service usage, and addresses service issues enabling significant operational cost savings.
We want to be part of Finnish success stories and enable technology companies to grow internationally. We believe that Iptune's technology plays a key role in operators quest for new business models to beat the growing demands of data traffic. Iptune's patented solution is unique, comments Timo Tirkkonen, Partner of Inventure.
The investment boosts our international efforts to meet the market demands. Efficient problem solving and analysis of data traffic, provides cost savings and enables operators to create new, interesting services. Our technology gives operators the tools to provide better services while maximizing the data service revenue, explains Vesa Haimi, Founder and CEO of Iptune.
Iptune was founded in 2005 by a group of mobile network specialists with extensive experience in the telecom industry. Iptune is headquartered in Finland, has an office in Kuala Lumpur and works with a global network of partners.
In May, Iptune secured investment for young innovative enterprises from the Finnish Funding Agency for Technology and Innovation.
Inventure is a technology investor in early stage companies, actively supporting growth-orientated entrepreneurs to internationalise Nordic success stories. Inventure's entrepreneur driven team works actively with the portfolio companies and brings their knowledge and network's support. Founded in 2005, Inventure manages funds with over 53MEUR million in total capital base. http://www.inventure.fi
Iptune taps the potentials of data services and helps mobile network operators to maximize revenues and overcome the complexity in data service delivery. Iptune's patented Service Assurance solution enables operators to monitor and troubleshoot their data service portfolio in a cost effective way. With international partners and offices, Iptune delivers its productized solutions and services globally. http://www.iptune.com
For more information:
Timo Tirkkonen, Partner, Inventure, +358-40-5751553, timo.tirkkonen(at)inventure.fi
Vesa Haimi, Founder CEO, Iptune, +358-40-7009646, vesa.haimi(at)iptune.com
SOURCE: Inventure SOURCE: Iptune
CONTACT: For more information: Timo Tirkkonen, Partner, Inventure,+358-40-5751553, timo.tirkkonen(at)inventure.fi; Vesa Haimi, Founder CEO, Iptune,+358-40-7009646, vesa.haimi(at)iptune.com
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