MATRIXX Software Receives $12,000,000 New Round

  • Feed Type
  • Date
    10/11/2011
  • Company Name
    MATRIXX Software
  • Mailing Address
    779 E. Evelyn Ave Mountain View, CA 94041
  • Company Description
    MATRIXX Software was formed to develop solutions that help Service Providers (SPs) address the growing volume and complexity of services that require online charging. Data and media services are exploding, yet revenue per transaction and ARPUs are declining. This means that SPs must process more and more usage for every dollar of revenue earned.
  • Website
    http://www.matrixxsw.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $12,000,000
  • Transaction Round
    Undisclosed
  • Proceeds Purposes
    Funds will be used to continue the expansion of the MATRIXX Software technology footprint, increase sales presence in Europe and the US, and also expand sales presence to the Southeast Asia and Pacific regions.
  • M&A Terms
  • Venture Investor
    Innovacom
  • Venture Investor
    Adams Street Partners