Aepona, the Belfast-based developer of a software engine that powers the “Network as a Service” (NaaS) business model for mobile operators, has just raised a $10M round, led by new investor BlackBerry Partners Fund, a Toronto-based global fund focused on applications, services and supporting infrastructure for mobile platforms.
Existing investors Amadeus Capital Partners, Polaris Ventures, Innovacom, Nordic Venture Partners and Sutter Hill Ventures also participated in the round.
The company provides the software engine that powers the “Network as a Service” (NaaS) business model for mobile operators allowing them to monetise assets and functionality within their networks – such as billing, location, messaging and voice communications – to open up new revenue opportunities.
Aepona, whose revenues grew 50% year-on-year from 2008 to 2009 with positive EBITDA, will use the new round to accelerate growth, and invest in additional sales and business development.