Free press releases distribution network?

Agency / Source: NeonDrum Ltd

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!



Movirtu Raises $5.5 Million - Series A investment will support international expansion and extension of the Cloud Phone™ product portfolio
Movirtu Raises $5.5 Million

 

PRZOOM - /newswire/ - London, United Kingdom, 2010/11/11 - Series A investment will support international expansion and extension of the Cloud Phone™ product portfolio.

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Telecom/Wireless/VoIP/IPTV Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!

World needs to know about google malpractices - Share your Adsense publishers stories on Google tactics to steal your revenues

 

Movirtu, the Cloud Phone™ company and supplier of innovative network infrastructure solutions for mobile operators servicing rural poor communities located in Africa and South Asia, today announced it has raised US$5.5 million Series A investment to support its international expansion and extend its product portfolio to high growth applications for developed markets. The investment was led by TLcom Capital LLP with the participation of existing investor Gray Ghost™ DOEN Social Ventures Coöperatief, U.A. TLcom Capital’s Managing Partner, Maurizio Caio, has been appointed to Movirtu's Board of Directors.

Movirtu has established itself as a leading provider of innovative mobile technology and business models to wireless telecommunication service providers. Its award winning mobile phone product Cloud Phone™ works like web based email, allowing subscribers to log in and log out of their mobile phone in the cloud using any readily accessible handset. For just 20c per customer the product currently enables mobile operators to service those living below the poverty line who do not have their own phone. It also provides a single identity solution for people who own multiple SIM cards and devices. Demand for Cloud Phone™ applications also extends to operators in developed markets that have to deal with the growing number of subscribers with multiple mobile numbers and connected devices.

“This investment will play a most significant role in helping us achieve our goals and ambitions”, commented Nigel Waller, CEO and Founder of Movirtu. “The financing will enable us to widen our market presence and advance our solution portfolio.”

Maurizio Caio, Managing Partner of TLcom, said, “Movirtu is attacking a fast growing and highly profitable global opportunity with a unique solution and a first class team. We are very excited to support the company in pursuing its upside potential in emerging as well as developed markets.”

About TLcom Capital, LLP
TLcom Capital, LLP is a London-based venture capital firm investing since 1999 in Telecom, Media and Technology companies across Europe and Israel. TLcom currently manages or advises assets in excess of €200 million, including the TLcom I and the TLcom II funds, as well as other technology portfolios. TLcom primarily targets companies in the following industry segments: mobile; digital media; internet protocol (IP) technologies and services; broadband based network architecture and service platforms; semiconductors and materials; web based applications, services and technologies.

About Gray Ghost™ DOEN Social Ventures Coöperatief, U.A.
Gray Ghost™ DOEN Coöperatief, U.A., is a Dutch-based leading impact investment fund focused on early-stage enterprises in the developing world that use innovative applications of existing technology to address the needs of poor populations. Launched in 2009 with leading founding investors Gray Ghost™ Ventures and the DOEN Foundation, Gray Ghost™ DOEN is especially active in India and South Asia focused on investments in the Information and Communications Technology and Technology-Enabled Services sectors.

About Movirtu
Movirtu (movirtu.com) is a leading provider of mobile identity solutions to wireless telecommunication service providers. Its award winning Cloud Phone™ software enables mobile operators to service the 1 billion people who earn less than $2 a day, living in rural poor communities in Sub-Sahara Africa and South Asia, who do not own their own handset or identity and share phones. Movirtu’s solutions also bring mobile banking services to those without a handset, SIM card or bank account and personalized information services to such users. Demand for Cloud Phone™ applications also extends to the 1 billion people who own more than one SIM card living in developed markets. Movirtu is a private company, headquartered in London, UK with offices in Centurion, South Africa.

Media Contact: Julia Simonova Lopez, Marketing Manager - Movirtu Limited / T: +44 20 7043 1131

Submitted by NeonDrum.com news distribution service on behalf of Movirtu.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Telecom/Wireless/VoIP/IPTV Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!

World needs to know about google malpractices - Share your Adsense publishers stories on Google tactics to steal your revenues

 

Agency / Source: NeonDrum Ltd

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick PRZOOM - Press & Newswire Visibility Checker

 

Distribution / Indexing: [+]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Telecom/Wireless/VoIP/IPTV articles,
CATCH Visitors via Your Competitors Announcements!


Movirtu Raises $5.5 Million

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name PRZOOM - Press & Newswire and LINK as the source.
 
  For more information, please visit:
Is this your article? Activate ALL web links by Upgrading to Press Release PREMIUM Plan Now!
|
Contact: Liz Hartney - NeonDrum.com 
+44 7510 518732 news[.]neondrum.com
 
PRZOOM / PRTODAY - Newswire Today disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any NeonDrum Ltd securities in any jurisdiction including any other companies listed or named in this release.

Telecom/Wireless/VoIP/IPTV via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!




Read Latest Press Releases From NeonDrum Ltd / Company Profile


Read Telecom/Wireless/VoIP/IPTV Most Recent Related Press Releases:

Grandstream Releases a New WiFi Access Point for Beta Testing
IDC MarketScape Names HCL a Leader for Worldwide Internet of Things Consulting and Systems Integration Services
India’s First Payments Bank Goes LIVE-Airtel Payments Bank Starts Pilot Services in Rajasthan
Grandstream Introduces New Mid-Range IP Phones
Qualcomm and Samsung Collaborate on 10nm Process Technology for the Latest Snapdragon 835 Mobile Processor
Axiata Announces Completion of Bangladesh’s First Telecoms Merger with Bharti Airtel
NEC Develops 5G Massive-element Active Antenna System that Supports 28GHz Band
Grandstream Expands into WiFi Market with New Managed WiFi Access Point
Qualcomm and Tencent Announce Joint Innovation Center in China
Qualcomm Announces 5G NR Spectrum Sharing Prototype System

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
 
NewswireToday Celebrates 10 Years in Business
Find business coaching, life coaching, executive coaching and corporate coaching, best selling coaching books, ...



PREMIUM Members


Visit  Triggr & Bloom

Visit  NAKIVO, Inc.

Visit  BizJobs.com







 
  ©2016 PRZOOM — Limelon Advertising, Co.
Home | About PRZOOM | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneur newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today