Mobile Big Data Firm Intersec Raises $20m

Intersec, which provides big data technology solutions to 'phone network operators, has raised $20m in a Series B round of funding, earmarked for international growth.

The firm's solutions enable telcos to improve their operational efficiency, expand their analytics and location-based services, and maximize customer value management. The company has headquarters in Paris and New York, as well as offices in Dubai, Saint Petersburg, Singapore, Abidjan, Sao Paulo, Madrid and Johannesburg, with plans to extend further.

New funding comes from Highland Capital Partners Europe and existing investors, and as part of the deal, Highland's Partners Laurence Garrett and Tony Zappala will join Intersec's Board of Directors.

CEO Yann Chevalier (pictured) comments: 'Intersec has successfully transitioned over the last few years into the leading player in telco big data software, building on its leadership in Europe. The US market is key to our success and we plan to invest significantly to expand our US headquarters in New York. We are extremely pleased to partner with Highland Capital Europe and value their involvement and commitment to our growth strategy and vision for international development.'

Web site: www.intersec.com .

All articles 2006-23 written and edited by Mel Crowther and/or Nick Thomas, 2024- by Nick Thomas, unless otherwise stated.