Sunday, May 8, 2005

Outsmart Secures $17 Million for Fixed-Mobile Convergence

Outsmart, a start-up based in Tel Aviv, secured $17 million in venture funding for its Fixed-Mobile Convergence (FMC) and Intelligent Networks (IN) based solutions. Outsmart's technology enables mobile and fixed operators to leverage their existing mobile infrastructure and back office systems to include fixed telephony across mobile, DSL, cable and WiFi networks. Services such as pre-paid, SMS, multi-media messaging services (MMS), instant messaging (IM), virtual private network (VPN) and ring-back-tones (RBT) could be extended across wireless and wireline networks. The company cites recent deployments by several major European operators.

The new funding included Accel Partners, Gemini Israel Funds and Magnum Communications fund.


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