Silver Lining for OpenCloud

Wellington telecommunications support firm OpenCloud has raised US$10.25 million in funding from Advent Venture Partners (London), No 8 Ventures (NZ) and Motorola Ventures (US). The funding will be used to expand the company’s international interests, which include a new headquarters in Cambridge, Scotland, and increased sales, marketing, delivery and product development in Europe, America and the Asia Pacific. “We are building up the [Cambridge] infrastructure,” says company director and chief executive Stephen Newton. “By the end of the next two to three months we will be 10 to 12 people at the Cambridge site.” OpenCloud, which specialises in the supply of next generation application servers to the telecoms industry, played a pioneering role in the development of the cutting-edge JAIN SLEE platform.

Tags: Advent Venture Partners  Asia Pacific  Business Weekly  Cambridge  Europe  JAIN SLEE  London  Motorola Ventures  New Zealand  No 8 Ventures  OpenCloud  Scotland  Steven Newton  telecommunications  United States  Wellington