Tuesday, September 7, 2010

NSN Invests in OpenCloud for Service Broker Functionality

Nokia Siemens Networks (NSN) has made a £4 million in OpenCloud, a provider of real-time Application Servers and Service Broker systems based in Cambridge, UK. OpenCloud's Rhino is a carrier-grade service execution environment for traditional and Telco 2.0 services on TDM and IP-based networks. It uses commercial-off-the-shelf (COTS) hardware and software to deliver service layer agility to service provider networks.

Additionally, the existing OEM relationship is strengthened, allowing Open Cloud's technology to be integrated into Nokia Siemens Networks' charge@once unified suite for convergent charging and billing.

Nokia Siemens Networks and OpenCloud have worked together over the last two years, resulting in numerous customer wins around the globe. Most recently, in June this year, Nokia Siemens Networks announced a contract with Vodafone in Portugal, which leverages OpenCloud's Service Broker technology to reduce the time and cost of launching new services.

In this funding round, OpenCloud received an additional £1 million from its existing investors Advent Venture Partners and No 8 Ventures.

"Having successfully worked together with Nokia Siemens Networks, we are pleased to bring our partnership to a strategic level," says Jeff Gordon, CEO, OpenCloud. "The investment will be used to accelerate our portfolio development to support the fast growth of the Service Delivery Platform market, while leveraging Nokia Siemens Networks' global customer reach, expertise and delivery capabilities."http://www.nsn.com