Mobixell Networks Inc., providing leading-edge multimedia processing and delivery solutions for mobile systems, announced today that it has raised $5 million from major global investors, enabling the company to further pursue its ambitious growth strategy. The round was led by Apax Partners’ funds, among the world’s leading private equity investment groups, and by Siemens Mobile Acceleration (SMAC), a wholly owned subsidiary of Siemens Mobile and one of Europe’s foremost wireless investors. The round also included existing investors, Comverse Technology Inc., the world leader in multimedia enhanced services and software and Optibase Ltd., a world leader in broadband media streaming solutions.
Mobixell Networks has gained a leadership position in the multimedia adaptation and optimization field through the global deployment of its superior performance, carrier-class platform. Mobixell’s products are operationally deployed in over a dozen commercial installations worldwide: in Europe, Asia Pacific, Middle East and Africa. The MobiXtar RMSC solution is designed to support mobile multimedia services, which enables the processing of images, animation, audio and video. Mobixell’s RMSC provides high capacity real-time handling of multimedia, using patent-pending adaptation algorithms. The platform optimization, rendering and delivery capabilities allow mobile subscribers to enjoy a superior, media-rich messaging experience. The MobiXtar RMSC solutions cater to the full line of applications such as multimedia messaging, media album, instant messaging, entertainment, and others, forming the core of the anticipated increase in operator’s data ARPU.
“Securing funding from these leading partners is a major vote of confidence in the company’s business, products, technology and its management”, ” said Amir Aharoni, President and CEO of Mobixell. “The global existing and new investors represent an ideal partnership to assist us in penetrating and realizing the growing markets of mobile multimedia adaptation, optimization and delivery, and in furthering our commercial deployment worldwide”.
Sachi Gerlitz, Apax Partners Director, said, “Mobile multimedia services are a global trend and an important focus for Apax Partners. We are extremely impressed with Mobixell’s technological leadership, with the company’s growth, and with their global partners. Mobixell Networks is well positioned to ride the strong trends of rich media “.
“Mobixell Networks has potential to become the leading product for adapting and delivering mobile multimedia content in cellular networks, since it is the most attractive solution in this segment. The Company’s Rich-Media Service Center (RMSC) product line caters to a superior user experience, enabling mobile operators and service providers to create new revenue streams”, added Dr. Dietrich Ulmer, CEO and President of Siemens Mobile Acceleration.
Support from this strong investor group reinforces Mobixell’s vision to continue being the leader in Mobile Internet infrastructure for Rich Media distribution serving Wireless Operators and Wireless VAS (Value-Added Services) marketplaces.