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Enterprise Communication Company Telepo Accelerates Growth With New EUR10M Funding
STOCKHOLM, August 25, 2010-- Telepo AB, the award winning enabler of Enterprise Communication and
Collaboration software platforms, has secured EUR10m in its B round funding
from Investor Growth Capital and existing investor Accel Partners. It is the
biggest software investment this year in the Nordics and Vice President
Mikael Johnsson at Investor Growth Capital will join Telepo's board of
directors.
Telepo will use these new resources to fuel an accelerated geographical
expansion and to further strengthen the breadth and depth of the Telepo
Business Communication Solution.
Telepo CEO Lars Wahlstrom said: "Telepo has been very successful from its
start in 2004. Today, our innovative software enables16 Service Providers in
five countries to offer Unified Communications as a Service via the Cloud and
they averaged a 280 per cent end user growth last year.
"Telepo's unique solution brings it all together both for business users
and Service Providers. Business users benefit from our rich feature set
through a single consistent experience across all device types including
mobiles, PCs, Macs and deskphones. Service Providers increase revenues and
also benefit from our complete cloud enabled platform that has an
unparalleled short time to market launch, just four months for a Telco, as
well as operational excellence over time."
Investor Growth Capital is the wholly owned venture capital arm of
Investor AB, the largest listed industrial holding company in Northern Europe
with assets of more than SEK153 Billion.
Investor Growth Capital VP Mikael Johnsson said: "We are excited to
support Telepo with its international expansion. The company has attracted a
very strong team and it has a unique product offering that stands out in a
market that is really about to take off."
Accel Partners has a history of supporting innovative companies such as
Facebook, Admob, Macromedia and Playfish. It first invested in Telepo in 2006
and its continued excitement is shown in this latest round of funding.
Accel Partners Martin Gibson said: "Telepo's Internet philosophy makes
life easier for both enterprises and Service Providers. It has great power to
take enterprise communication into the cloud era."
Notes to Editors
About Telepo
Telepo is a leading software provider enabling any Service Provider to
offer Unified Communication and Collaboration "as a Service" to Enterprises.
Telepo's innovation and thought leadership has been recognized in the
industry leading to awards such as Gartner "Cool Vendor in Wireless and
Mobile" and GSMA "Best Mobile Enterprise Product". Telepo AB is a privately
held company founded in 2004 and headquartered in Stockholm, Sweden.
About Accel Partners
Founded in 1983, Accel Partners is a venture capital and growth equity
firm dedicated to partnering with outstanding entrepreneurs to build
world-class businesses. Accel invests globally using dedicated teams in each
local geography, with offices in Palo Alto, London, New Delhi, Bangalore as
well as in China via the IDG-Accel Partnership. With over $6 billion under
management, Accel has helped entrepreneurs build over 300 successful
companies, including Acopia, AdMob, Alfresco, Arrowpoint, BBN, Brightcove,
ComScore, Etsy, Facebook, Gameforge, GlamMedia, Groupon, Interwoven, Kayak,
Macromedia, metroPCS, NextG Networks, Polycom/PictureTel, Portal Software,
QlikTech, Real Networks, Riverbed, UUNet, Veritas, Walmart.com, Webroot,
XenSource and Zimbra.
About Investor Growth Capital
Investor Growth Capital is the wholly-owned venture capital arm of
Investor AB. Investor Growth Capital was formed in themid-1990's to invest in
high quality, growth-oriented companies, primarily in the IT and Healthcare
industries. Today, the main focus remains within these areas for later stage
venture investments in new technologies and products. Operations are
conducted from Amsterdam, with advisory support from our offices in the
New York, Menlo Park, Stockholm, Beijing and Hong Kong, with a total of more
than 30 investment professionals managing a portfolio whose value exceeds USD
1 billion.
Source: Telepo AB
Press contacts: Telepo - Matt Harris, +44(0)7834390062 / press@telepo.com
Enterprise Communication Company Telepo Accelerates Growth With New EUR10M Funding
STOCKHOLM, August 25, 2010-- Telepo AB, the award winning enabler of Enterprise Communication and
Collaboration software platforms, has secured EUR10m in its B round funding
from Investor Growth Capital and existing investor Accel Partners. It is the
biggest software investment this year in the Nordics and Vice President
Mikael Johnsson at Investor Growth Capital will join Telepo's board of
directors.
Telepo will use these new resources to fuel an accelerated geographical
expansion and to further strengthen the breadth and depth of the Telepo
Business Communication Solution.
Telepo CEO Lars Wahlstrom said: "Telepo has been very successful from its
start in 2004. Today, our innovative software enables16 Service Providers in
five countries to offer Unified Communications as a Service via the Cloud and
they averaged a 280 per cent end user growth last year.
"Telepo's unique solution brings it all together both for business users
and Service Providers. Business users benefit from our rich feature set
through a single consistent experience across all device types including
mobiles, PCs, Macs and deskphones. Service Providers increase revenues and
also benefit from our complete cloud enabled platform that has an
unparalleled short time to market launch, just four months for a Telco, as
well as operational excellence over time."
Investor Growth Capital is the wholly owned venture capital arm of
Investor AB, the largest listed industrial holding company in Northern Europe
with assets of more than SEK153 Billion.
Investor Growth Capital VP Mikael Johnsson said: "We are excited to
support Telepo with its international expansion. The company has attracted a
very strong team and it has a unique product offering that stands out in a
market that is really about to take off."
Accel Partners has a history of supporting innovative companies such as
Facebook, Admob, Macromedia and Playfish. It first invested in Telepo in 2006
and its continued excitement is shown in this latest round of funding.
Accel Partners Martin Gibson said: "Telepo's Internet philosophy makes
life easier for both enterprises and Service Providers. It has great power to
take enterprise communication into the cloud era."
Notes to Editors
About Telepo
Telepo is a leading software provider enabling any Service Provider to
offer Unified Communication and Collaboration "as a Service" to Enterprises.
Telepo's innovation and thought leadership has been recognized in the
industry leading to awards such as Gartner "Cool Vendor in Wireless and
Mobile" and GSMA "Best Mobile Enterprise Product". Telepo AB is a privately
held company founded in 2004 and headquartered in Stockholm, Sweden.
About Accel Partners
Founded in 1983, Accel Partners is a venture capital and growth equity
firm dedicated to partnering with outstanding entrepreneurs to build
world-class businesses. Accel invests globally using dedicated teams in each
local geography, with offices in Palo Alto, London, New Delhi, Bangalore as
well as in China via the IDG-Accel Partnership. With over $6 billion under
management, Accel has helped entrepreneurs build over 300 successful
companies, including Acopia, AdMob, Alfresco, Arrowpoint, BBN, Brightcove,
ComScore, Etsy, Facebook, Gameforge, GlamMedia, Groupon, Interwoven, Kayak,
Macromedia, metroPCS, NextG Networks, Polycom/PictureTel, Portal Software,
QlikTech, Real Networks, Riverbed, UUNet, Veritas, Walmart.com, Webroot,
XenSource and Zimbra.
About Investor Growth Capital
Investor Growth Capital is the wholly-owned venture capital arm of
Investor AB. Investor Growth Capital was formed in themid-1990's to invest in
high quality, growth-oriented companies, primarily in the IT and Healthcare
industries. Today, the main focus remains within these areas for later stage
venture investments in new technologies and products. Operations are
conducted from Amsterdam, with advisory support from our offices in the
New York, Menlo Park, Stockholm, Beijing and Hong Kong, with a total of more
than 30 investment professionals managing a portfolio whose value exceeds USD
1 billion.
Source: Telepo AB
Press contacts: Telepo - Matt Harris, +44(0)7834390062 / press@telepo.com