Wednesday, March 31, 2010

Telarix Raises $20 Million for OSS/BSS Solutions

Telarix, a privately-held company based in Vienna, Virginia, secured $20 million in venture capital for its business information exchange and interconnect OSS/BSS solutions for content providers, IP service providers and global fixed and mobile operators. The company's software tools enable service providers to gather, analyze, and act upon interconnect business events and service transactions in near real-time.

The new money will be used to support the continued growth of iXLink, a global business information exchange service for the telecom community. Telarix said it now has over 625 members now using the service to automatically exchange business information with their trading partners. iXLink recently added three new services: Price List Receipt with Dial Code Mapping to simplify and automate their purchasing process; a next generation CLI monitoring service which provides mobile, fixed-lined and VoIP carriers the ability to accurately verify Calling Line Identification (CLI) for mobile and landline destinations worldwide; and a Benchmarking service for tracking pricing and quality data related to the international wholesale telecommunication market.

The new funding came from Brown Brothers Harriman Capital Partners III (BBH Capital Partners), a private equity fund sponsored by Brown Brothers Harriman & Co., and Edison Venture Fund.