MATRIXX Software, a Mountain View, CA-based developer of online charging and subscriber policy management solutions, has raised US$12m in funding.
The round was led by Innovacom, with participation from new investor Adams Street Partners.
The company intends to use the funds to increase sales presence in Europe and the US, and expand into the Southeast Asia and Pacific regions.
In conjunction with the funding, Bruno Dizengremel, Partner at Innovacom, has joined MATRIXX Software’s Board of Directors.
Led by Founder and CEO Dave Labuda, MATRIXX Software MATRIXX Software delivers solutions that help service providers address the growing volume and complexity of services that require real-time processing. The company’s flagship product, the MATRIXX Charging Engine, is designed to allow service providers to monetize all products, services, and content in real-time at a lower cost per transaction (CPT).
FinSMEs
10/10/2011