Unstrung News Feed
PR Newswire

Echovox Raises $5M

GENEVA -- Echovox, a pioneer in the delivery and monetisation of mobile content, applications and services, has secured $5million in funding from Newbury Ventures, a private venture capital partnership focusing on technology companies throughout the world. This investment will pave the way for Echovox to double its revenues in the next year by broadening its successful pan-European operations. In addition, Dr. Ossama Hassanein, Managing Partner at Newbury Ventures will be joining the Echovox board as non-executive chairman.

Drawn by Echovox’s proven track record in premium mobile content services, Newbury Ventures will help Echovox enter a new phase of its development. The funds from Newbury will be focused on accelerating Echovox’s development of next-generation premium mobile data infrastructures in addition to opening new offices across Europe to add to existing bases in the UK and Geneva. The first of these offices will be opened in Paris by the end of the year.

Since its launch in 2000, Echovox has developed and implemented mobile billing and content delivery solutions for a number of key clients including Reuters, M6, RTL Group, Nestlé and le Temps. Echovox’s proprietary network infrastructure, ICON, (Inter Carrier Open Network) delivers and bills mobile content to more than 230 million mobile subscribers. With a heavy focus on research, Echovox will be harnessing the additional funds to cement its position at the forefront of premium mobile content infrastructures and solutions.

David Marcus, founder and CEO of Echovox said: “This vote of confidence from a leading Silicon Valley venture capital firm will enable us to consolidate our leading position in the mobile content market, which is set to grow from $3bn in Europe last year to over $59bn globally in 2009 according to Ovum and Juniper. I’m thrilled to now have the means to aggressively roll-out our strategy in this exploding market and to welcome Ossama Hassanein and his unique experience to the Board.”

Ossama Hassanein, Managing Partner at Newbury Ventures commented: “Echovox’s outstanding leadership team, its premium mobile content delivery infrastructure and its extensive catalogue of turnkey mobile applications combine to make the company stand out from the mobile data crowd in Europe. We trust the company has the right ingredients to make it one of the leading players in this exciting space in coming years.”

Echovox SA
Newest Comments First       Display in Chronological Order
Be the first to post a comment regarding this story.
UNSTRUNG MARKET PLACE
Windows Server® 2008 R2 - Free Download
Reduce Costs & Increase Efficiencies Across Your Enterprise. Download Today!
Free Guide by XO® : VoIP For Dummies
Find out how VoIP works, business advantages & the 3 phases to VoIP migration
SIP Trunking Advantages & Applications
Learn how SIP works and the benefits of implementation. Free White Paper by XO®
Simplify & Save with XO® Enterprise SIP
Reduce telephony costs by extending & managing VoIP across multiple locations
Used and Refurbished Nortel Switches
Purchase Your Switches From Network Liquidators. Savings of Up to 90% with a Lifetime Warranty!
The blogs and comments are the opinions only of the writers and do not reflect the views of Unstrung. They are no substitute for your own research and should not be relied upon for trading or any other purpose.
Related Content
Events
Cable Next-Gen Broadband Strategies: Docsis 3.0, Wireless, Fiber & Beyond
 Thursday, February 25, 2010
The Cable Center, Denver
Tower Technology Summit
 March 23- 25, 2010
Las Vegas Convention Center, Las Vegas
Ethernet Europe
 Monday & Tuesday, April 12 & 13, 2010
London Marriott Hotel Grosvenor Square, London
OSS Virtual Event
 Tuesday, April 20, 2010
Most Popular
Read
White Papers SPONSORED CONTENT
Featured
Companies
Alltel (102), Apple (453), Aruba Networks (97), AT&T (formerly Cingular) (910), Cisco (875), Clearwire (328), Google (418), Intel (696), Juniper (148), Microsoft (509), Motorola (1299), Nokia (1882), NTT DoCoMo (483), Palm (294), Qualcomm (500), Research In Motion (RIM) (344), Sprint Nextel (966), Symbol Technologies (169), T-Mobile (533), Texas Instruments (206), Verizon Wireless (808), Vodafone (1243)

Fixed/Mobile Convergence
ATM (10), Backhaul (51), Circuit Switch (13), Copper (3), Core Network (412), DWDM (6), Email/Personal Information Management (403), Ethernet (36), Finance & Banking (85), Fixed Mobile Convergence (335), Frame Relay (1), General Packet Radio Service (GPRS) (613), Global System for Mobile Communications (GSM) (1540), Handheld Computers (379), IP Multimedia Subsystem (IMS) (28), IPv6 (15), Media Gateways (19), Message Gateways (SMS, MMS) (718), Microwave (69), Mobile Data Gateways (104), Mobile Devices (790), Mobile Management (98), Mobile VPNs (61), MPLS (8), Packet Switch (109), Sales Force Apps (43), Session Border Controllers (3), Shop-Floor Apps (23), Smartphones & Handsets (2047), Sonet (8), Vertical Apps (235), Webpads (93), WiMax (33), Wireless Web Gateways (WAP, i-mode) (105)

Handhelds
Email/Personal Information Management (403), Finance & Banking (85), Fixed Mobile Convergence (335), Global Positioning System (GPS) (121), Global System for Mobile Communications (GSM) (1540), Handheld Computers (379), iDEN (74), Message Gateways (SMS, MMS) (718), Microbrowsers (66), Mobile Data Gateways (104), Mobile Databases (30), Mobile Devices (790), Mobile Java(J2ME) (104), Mobile Management (98), Mobile Operating Systems (Pocket PC, Palm, EPOC, RIM) (318), Mobile VPNs (61), Sales Force Apps (43), Security (293), Shop-Floor Apps (23), Smartphones & Handsets (2047), Univeral Mobile Telecommunications Service (UMTS) (1283), Vertical Apps (235), Webpads (93), Wireless Web Gateways (WAP, i-mode) (105)

Mobile Applications
Bluetooth (246), Email/Personal Information Management (403), Finance & Banking (85), Global Positioning System (GPS) (121), Handheld Computers (379), Message Gateways (SMS, MMS) (718), Mobile Data Gateways (104), Mobile Databases (30), Mobile Devices (790), Mobile Java(J2ME) (104), Mobile Management (98), Mobile Operating Systems (Pocket PC, Palm, EPOC, RIM) (318), Mobile VPNs (61), Sales Force Apps (43), Security (293), Service Gateways(GGSN/PDSN) (163), Shop-Floor Apps (23), Smartphones & Handsets (2047), Vertical Apps (235), Webpads (93), Wireless Applications (940), Wireless Web Gateways (WAP, i-mode) (105)

Mobile Workforce
Bluetooth (246), Email/Personal Information Management (403), Finance & Banking (85), Fixed Mobile Convergence (335), Global Positioning System (GPS) (121), Handheld Computers (379), Message Gateways (SMS, MMS) (718), Microbrowsers (66), Middleware (54), Mobile .Net (15), Mobile Databases (30), Mobile Devices (790), Mobile Java(J2ME) (104), Mobile Management (98), Mobile Operating Systems (Pocket PC, Palm, EPOC, RIM) (318), Mobile VPNs (61), Sales Force Apps (43), Security (293), Shop-Floor Apps (23), Smartphones & Handsets (2047), Vertical Apps (235), Webpads (93), Wireless Web Gateways (WAP, i-mode) (105)

Mobile/Wireless System (OS's)
Email/Personal Information Management (403), Fixed Mobile Convergence (335), Handheld Computers (379), Mobile .Net (15), Mobile Devices (790), Mobile Java(J2ME) (104), Mobile Management (98), Mobile Operating Systems (Pocket PC, Palm, EPOC, RIM) (318), Smartphones & Handsets (2047), Webpads (93)

RFID
Bluetooth (246), Global Positioning System (GPS) (121), Mobile Management (98), Radio (RF) Chips (79), Shop-Floor Apps (23), Vertical Apps (235)

Telco Wireless
802.16 (587), Access Points (722), Base Station Controller (BSC) (243), Base Transceiver Station (BTS) (281), Code Division Multiple Access (CDMA) (780), Enhanced Data GSM Environment (EDGE) (405), iDEN (74), IEEE 802.11 (a,b,g) (1190), OSS/Billing/CRM (646), Service Gateways(GGSN/PDSN) (163), Ultrawideband (UWB) (140), WLAN Bridges (71), WLAN Switches (480)

WiMax/Broadband Wireless
802.11 Chipsets (282), 802.16 (587), 802.20 (66), Antennas (63), Enhanced Data GSM Environment (EDGE) (405), Fixed WiMax (212), General Packet Radio Service (GPRS) (613), HiperLAN (11), Home Base Stations/Femtocells (392), Mobile WiMax (805), WiMax (751), Wireless Broadband (722)

Wireless VOIP
Email/Personal Information Management (403), Fixed Mobile Convergence (335), Handheld Computers (379), Smartphones & Handsets (2047)

WLANs/WiFi/802.11
802.11 Chipsets (282), 802.11 Single Chips (SOC) (39), Access Points (722), Antennas (63), Base Station Controller (BSC) (243), Base Transceiver Station (BTS) (281), Baseband Controller (49), Comms Chips & Wireless Components (1297), HiperLAN (11), IEEE 802.11 (a,b,g) (1190), Multimedia Mobile Access Communication (MMAC) (17), Power Amplifiers (75), Public Access Hotspots (986), Radio (RF) Chips (79), Security (404), Smart Antennas (61), Wireless LAN (1217), WLAN Bridges (71), WLAN cards (119), WLAN Switches (480)