Openet Raises $10.5 Million in Funding

Published February 4th, 2010 by Brian Glynn

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Latest Round Dedicated to Market Expansion and Strategic Investments

DUBLIN, Ireland – February 2, 2010 – Openet, the leading provider of Transactional Intelligence for the world’s largest and most innovative network service providers, today announced that it has completed a $10.5m funding round (€7.2 million) to enable expansion for sales and marketing, growth in regional markets and new strategic investments.

The funding round was led by Cross Atlantic Capital Partners and Enterprise Ireland. Balderton Capital and Cross Atlantic Capital Partners have previously invested in Openet, and also participated in this round of funding. As a result of this fundraising, Paul Sutton, managing partner at Cross Atlantic Capital Partners, will join Openet’s Board of Directors.

Click here to read the full press release on Openet.com

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