Highland Capital Partners and North Bridge Venture Partners Co-Lead Round
Tatara Systems, a developer of converged mobile solutions for communications service providers, announced today that it has closed an additional funding round with two of the most prominent investors in the communications business. Highland Capital Partners and North Bridge Venture Partners have invested an additional $6M to allow Tatara to more rapidly expand its portfolio of fixed and mobile converged solutions. This investment brings the total to $23M raised since the companies inception in 2001 and allows Tatara to expand its product offering, accelerate commitments to existing Tier 1 service provider customers, and expand market channels to continue growing its leadership position.
"Since the beginning Tatara has been listening to and working with its customers to solve real business problems”, said Steve Nicolle, President and CEO of Tatara Systems. “Having delivered and deployed our solutions with lead customers, there has been great investor interest in the company and this new capital allows us to accelerate additional solutions offerings, in addition to ramping resources in support of our growing customer base.”
“Fixed mobile convergence is one of the driving forces in the new communications landscape”, said Mark Lowenstein, Managing Director of Mobile Ecosystem. "Tatara Systems is one of the leading solutions vendors in this arena today with real applications, live customers, and a scalable platform architecture.”
Tatara’s convergence platform is an important product as carriers continue to look for new sources of high margin revenue offering a consistent user experience across a variety of devices and access networks. This includes the ability to offer a unified set of IP services across wired and wireless networks while in the carrier’s own network or roaming on another network. Converged voice and data offerings are an economic imperative as service providers race to offer differentiated services, partner or merge with other network providers across technologies, and to satisfy customer demands for a host of new services, including multiple network access options.
About Tatara Systems
Tatara invents, develops, and deploys solutions for communication service providers allowing them to offer converged mobile services to their subscribers. Tatara's Mobile Services Convergence Platform gives service providers the ability to offer a rich and consistent set of converged mobile broadband services over multiple network technologies, including WLAN, WAN/3G, wireless broadband, and wired, and with the same high level of real-time control on roamed networks as they have on networks they own. Based in Acton, Mass., Tatara Systems is a privately held company backed by the leading communications investment firms Highland Capital Partners and North Bridge Venture Partners. For more information, visit www.tatarasystems.com.
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