DUBLIN, IRELAND & RESTON, VA — Openet Telecom, the world leader in convergent mediation, today announced the completion of a $20 million equity fundraising with Benchmark Capital. This second-round funding will accelerate the company’s global expansion and allow foradditional sales and marketing programs to enhance the adoption of Openet’sflagship product, FusionWorks(TM), in its international market. This is thefirst investment in an Irish company by Benchmark Capital and the largestinvestment by its European fund to date.
Established in July 1999 and with world headquarters in Dublin, Ireland and U.S. headquarters in Reston, Va., Openet Telecom is a world leader in providing scalable mediation solutions that enable communication providers with diverse networks to easily implement, manage, and bill sophisticated services.
STOCKHOLM, SWEDEN — WeSpot receives further venture capital by bringing in 16MSEK, whereof the Swedish Industrifonden invests totally 10MSEK. WeSpot, a subsidiary of C Technologies, has developed a new camera platform for principally surveillance sensors, detection and access control systems. The security market has a global turnover of approx. 2 500 billion SEK yearly.
WeSpot follows its plan to finance its operations and now brings in 10MSEK by Industrifonden in a combination of new shares and a convertible loan. Industrifonden will with the new shares have an ownership in WeSpot of 5,4%.
Furthermore, the present investors Malmohus Invest, CRT Ventures, Bure Equity and SEB Foretagsinvest will fulfil their second step in the earlier decided investment in WeSpot.
MUNICH — Wellington Partners is taking a holding in Truck24, a telematics services provider and subsidiary of H