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2nd round for CTS, the network business decision company; CTS raises EUR7.6 millions from AGF Private Equity, GIMV, Softbank Europe Ventures and SOFINNOVA Partners.

Publication: M2 Presswire
Publication Date: 26-SEP-02 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
M2 PRESSWIRE-26 September 2002-CTS: 2nd round for CTS, the network business decision company; CTS raises EUR7.6 millions from AGF Private Equity, GIMV, Softbank Europe Ventures and SOFINNOVA Partners (C)1994-2002 M2 COMMUNICATIONS LTD

RDATE:09262002

CTS (Cril Telecom Software), the leading provider of network business decision OSS (Operational Support System) software for the telecommunication industry has raised EUR7,6 million in second round venture capital financing. Two new investors - AGF Private Equity and GIMV - have led the round together with a large participation of the two earlier investors of the first round which occurred in June 2001 - Softbank Europe Ventures and Sofinnova.

Proceeds from this round will support an active development of international sales and marketing in Europe, Asia and worldwide, with a strong focus on indirect sales and delivery channels and on brand awareness. First round funding has allowed the successful launch of two new generation OSS products designed to support integrated processes for the roll out and operations of 2G and 3G networks and services, and...

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