Apertio

Image description

Acquired by Nokia Siemens Networks for $240 million.

Eden partners were founding investors and early management team members in Apertio, which was established in 2002 and grew rapidly to become a leading global provider of mobile network infrastructure software. Eden Ventures invested as an institutional investor in 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 partners and other angels including Mike Tokarz, acquired the technology and built a team which included senior figures from Orange, Motorola, Siebel, IBM, Oracle and LogicaCMG.


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

With customers including 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. Apertio’s turnover for 2007 was $28 million.

Apertio successfully raised a number of rounds of finance from investors including T-Ventures, Deutsche Venture Capital, Add Partners and Motorola. Michael Jackson (ex-Sage) joined as non-executive Chairman in 2007.

At the time of its acquisition by Nokia Siemens Networks in 2008, Apertio had approximately 240 employees across its Bristol headquarters and regional offices in Berlin, Chicago, Beijing, Bangkok and Kuala Lumpur.

  

Copyright © Eden Ventures 2014.  All Rights Reserved  |  Authorised and regulated by the Financial Conduct Authority