Feb 22 2008
Arieso's existing shareholders, Add Partners and Top Technology, also participated in the Series B round.
Arieso's software optimises the quality of service for mobile cell phone users, while minimising capital expenditure and operating costs for network operators. By simulating network use, Arieso specifies the optimal setup for individual base stations to improve performance from the existing network, and can assess the return on investment of any additional sites. O2 Group, Telefonica, Sprint, Vodafone and Qualcomm are among the organisations already using Arieso's products.
Development work is already underway to make Arieso's vision of self-optimising networks a reality. This self-optimisation focuses on the user experience by concentrating on where calls are actually being made and propagating adjustments in real time to continually fine-tune the network to respond to where users are and their demands for voice and data services. As Shirin Dehghan, CEO of Arieso comments, "The goal is to deliver new standards of quality in user experience, to seamlessly accommodate new services such as mobile TV, and to do this at a significantly reduced cost for operators."
Shirin Dehghan then added: "This investment is a powerful validation of Arieso's vision. The strength of backing, global reach and expertise of all our investors provide a major platform as we continue our development in the US and Europe, and expand into Asia."
Richard Marsh, Oxford Capital Partners, commented: "Arieso has demonstrated its ability to deliver technology which is truly world class and has a very clear vision to make self-optimising cellular networks a reality. We were highly impressed by feedback from customers, and invested because we see a strong company with a clear product roadmap that addresses network operators' needs to improve the user experience and reduce capital and operating expenditure."
Frederic Rombaut, head of Qualcomm Ventures Europe, commented: "Arieso is solving real problems for cellular operators today by improving the quality and cost efficiency of their networks, and we are pleased to take part in this funding round."
Notes to editors
Arieso is exhibiting at Mobile Network Optimisation in South Africa from 3rd March - 5th March and is a gold sponsor of Mobile Network Optimisation in Singapore from 24th March - 26th March.
* Note - exact amount invested is £5million
Arieso has grown rapidly to become one the of world's leading providers of mobile network management software solutions that enable operators to continuously and accurately direct investment to meet the increasing demand for rapidly growing data services. A superior alternative to outdated optimisation methods, the company's ariesoGEO technology delivers location-aware subscriber information to quickly and precisely boost network performance and enrich user experience. Arieso delivers proven carrier grade solutions that are robust, reliable and highly scalable. Clients include global Tier-1 operators such as MTN, O2, Telefonica and Vodafone.
Alexia Da Silva
Direct line +44 (0) 118 920 7666
Switchboard +44 (0) 118 920 7650
+44 (0) 1635 232470
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