Apertio
Radically simplifying telecommunications networks

Acquired by Nokia Siemens Networks for $240
million in May 2008

Eden professionals were founding investors in telecommunications software company Apertio, which was established in 2002 and which, over the next five years, rapidly grew to become a leading global provider of mobile network infrastructure software.  Eden Ventures invested in an institutional investor round in early 2005.

Apertio was conceived when a group of ex-Lucent executives, led by Paul Magelli, spotted some technology that had been developed within Orange but was “sitting on the shelf”.  The group, backed by Eden professionals and other angels including Mike Tokarz, acquired the technology and built a team around it, which included senior figures from Orange, Motorola, Siebel, IBM, Oracle and LogicaCMG.

The core product – Apertio One – enables mobile operators to simplify their networks by consolidating subscriber data into a single repository at the heart of the network. Key customer benefits include increased revenue through rapid service deployment and significant cost reduction.

With customers including the world's largest telecommunications operators such as Orange, T-Mobile, O2 and Vodafone, the 2007 Sunday Times Microsoft Tech Track survey named Apertio as the UK‘s fastest-growing private telecommunications company and the second fastest-growing private technology company overall. Turnover for 2007 was $28 million.

Apertio successfully raised a number of rounds of finance from investors such as T-Ventures, Deutsche Venture Capital, Add Partners and Motorola.  Michael Jackson (ex-Sage) joined as non-executive Chairman in 2007 and, at the time of its acquisition by Nokia Siemens Networks, Apertio had 237 employees across its Bristol headquarters and regional offices in Berlin, Chicago, Beijing, Bangkok and Kuala Lumpur.

As well as contributing the initial seed finance, Eden was instrumental in building the business, including bringing significant operational and global sales expertise to bear.

www.apertio.co.uk

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