Eden Ventures announces another compelling investment from its £32 million early
stage technology fund.
1 July 2005
Eden Ventures today announced that it has selected Tribold Limited as
the latest investment from its newly formed £32 Million early stage technology private equity fund.
Tribold is a leading provider of Enterprise Product Portfolio Management application software for
the Telco market (fixed, wireless, ISP, and cable providers). Mark Farmer & Mark Caroe, of Eden
Ventures, will join the Board as Non Executive Directors.
"This is a perfect example of our investment strategy in action," said Farmer. "Tribold has created
an innovative, new category of application software providing substantial financial benefits for
Telcos worldwide."
Eden are able to apply their considerable experience in the Telco software space to this investment.
Experience gained with some of the hottest companies in the industry, companies like Apertio and
Cramer Systems. "Tribold is the most exciting company operating in this space. Tribold PPM is the
only application that provides Product Managers with a 360 degree view of the Telco product
portfolio. Using this new technology, Telco organizations can understand product line profitability
and reduce revenue leakage to ensure world class execution and drive increased profitability" said
Caroe.
"Tribold is well positioned to become the market leader within the fast growing sector of Telco
Product Management. The Eden team bring an unrivaled track record in helping early stage Telco
software products companies and will be a huge asset as Tribold expands," said Jonathan McKay,
Chairman Tribold Limited.
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