HDTV/3D TV News
CommProve is on a quest to widen its presence internationally as well as “broaden its product portfolio” but it didn’t have the ready cash to fund the changes.
Now they have secured the much needed funds with a cash injection of $14 Million to aid growth in the field of real-time monitoring of wireless networks.
TVM Capital and Endeavour provided the required investment with some assistance from existing investor Tlcom Capital.
CommProve has so far done well in its chosen area of business and is well known as a vendor of several apps as well as systems for both 2G and 3G wireless carriers.
The software enables companies to monitor wireless networks data in real time.
The company has ten contracts up and running with operators in the US as well as Africa and Europe.
Their clients include including Telecom Italia Mobile, WIND and Telecom Personal.
Through these companies CommProve is responsible for over 120 million mobile users on the three continents.
Apparently they are not resting with just three continents and are looking to the East and further expansion with the lucrative and huge Asian market.
It is not a secret that Asia in particular is seen as a potential mobile goldmine, with a rapid expansion of subscribers and the recent emergence of interest in new tech such as the iPhone and other wireless services that will require extra bandwidth.
The company believes that with their new found cash they can deal with their present expansion plans, that also include widening their portfolio of services to offer operators new options.
Their present services take snapshots of data events in real time to enable their customers to easily look at the information and understand events.
The company claims that their system is more cost effective than rival services.
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