Concord, MA – 24 July 2013 – Zettics, the leader in big data analytics for operators, today announced it has raised an additional US$8.2 million in financing. This round was led by new investor, Excelestar Ventures, and supported by additional investments from existing Zettics investors, North Bridge Venture Partners, Voyager Capital, Steamboat Ventures, and Emergence Capital Partners.
Zettics will use the proceeds to accelerate its global expansion plans, explore acquisition opportunities, and increase investment in research and development of its world-class analytics solutions.
Excelestar Ventures is a global investment firm, holding a portfolio of technology, clean energy, healthcare and real estate assets. Commenting on the investment, Tasneem Dohadwala of Excelestar Ventures stated, “Global mobile data traffic is currently 15% of total Internet traffic and growing at 1.5x per year.* Zettics helps operators realize significant business value from analyzing this data and uniquely provides a complete 360° profile of subscriber behavior. The return on investment (ROI) to an operator using Zettics is significant and well established and we believe that the company has a strong leadership position in this market.”
Zettics provides a powerful suite of analytics solutions for operators that support data monetization, marketing, customer care, and network business units. Zettics has experienced exceptional success working with leading operators worldwide, and is processing trillions of records monthly.
Sterling Wilson, President and CEO of Zettics, said, “This funding is a testament to Zettics' success. The Excelestar team has extensive experience with operators worldwide and is a great addition to our existing investor group. At Zettics, we are focused on rapidly building our business. We recently added employees with strong operator and big data experience to our management team, and opened offices in London and Singapore. We will continue to quickly expand our global presence in sales, research and development, partnerships, and marketing to keep up with the growing demand for our products from operators worldwide.”
*Internet Trends, 5/29/13, Mary Meeker
About Zettics, Inc.
Zettics is the leader in big data analytics for operators, delivering immediate, actionable insights on subscriber’s behavior. These insights deliver 360° understandings of data consumption, enabling operators to extract greater value from their networks. Operators that choose Zettics generate new revenues, improve customer satisfaction, and reduce costs.
Zettics’ patented technology powers a suite of analytics solutions for data monetization, marketing, customer care, and network business units. Operators are already using Zettics to monetize data with third parties, enrich their CRM systems, identify network abuse, analyze pricing plans, enhance advertising offers, reduce churn, improve customer care, forecast usage growth, and more.
Zettics is deployed with some of the largest operators in the world, processing trillions of records monthly. Zettics has offices worldwide and its investors include North Bridge Venture Partners, Voyager Capital, Steamboat Ventures, Emergence Capital, and Excelestar Ventures.
For more information on Zettics, visit www.zettics.com.
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