Investors Intel Capital and DFJ Esprit are giving London-based Tribold, an Enterprise Product Management software solutions provider, more money to strengthen its business.
Tribold will use the money to support its new Research & Development Center in Wales, U.K. Specifically, this R&D will back the product transition to a Software as a Service (SaaS) delivery model. The capital will also support additional sales and marketing activities, leveraging the past two years of strong growth and customer acquisition around the globe.
“Over the past few years Tribold has proven that we make a material difference to the way our customers deliver new products and services," said Tribold CEO, Simon Muderack. “This further investment allows us to further develop our subscription and SaaS-based licensing models making it even easier for customers to adopt the Tribold solution."
“The increasing complexities of a modern telco operator’s product offerings have meant that solutions like Tribold’s have become essential for any operator looking to streamline and reduce the costs associated with the launch, management and retirement of their products," said Marcos Battisti, managing director, Intel Capital Western Europe and Israel. “We have witnessed over the last couple of years an incredible increase in the demand for the company’s solutions. This current investment in Tribold enables the company to better serve its existing customers and to further accelerate the company’s growth."
