CommProve Secures Funding

CommProve, which provides solutions for the real-time monitoring of wireless networks, has revealed that it has closed $14 million (7.7 million) in new financing to support its international expansion and broaden its product portfolio. The financing round was led by TVM Capital and Endeavour with the participation of the companys existing investor, TLcom Capital.
Having deployed solutions with more than 10 operators in Europe, Africa and America, including Telecom Italia Mobile, WIND and Telecom Personal, supporting more than 120 million mobile users, CommProve says it is now looking to establish a presence in Asia to capture the large opportunities emerging in this region.
With deployment of new wireless networks in emerging markets and the adoption of mobile broadband services to support devices such as the iPhone on existing networks, the timing of this expansion round could not be better, says CEO Dave Wilkinson. The financing will allow us to expand our market presence and further develop our solution portfolio to offer operators a new level of business intelligence for the management and deployment of services.