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Stockholm-based Telness Tech, a software program firm for the telecommunications business, introduced on Wednesday, that it has raised €5M from its two largest shareholders — Industrifonden and Viltor (JCE Group).
The Swedish firm will use the funds to speed up worldwide growth.
Moreover funding, the corporate has swapped operational founder roles.
Telness Tech says it has been experiencing unprecedented development in the previous few months, resulting in the restructuring of its govt workforce.
Two of the founders of Telness and Telness Tech have swapped operational roles to successfully handle the corporate’s increasing operations.
Jonas Cedenwing, the corporate’s founder, has taken on the position of Chief Working Officer and can lead the cost within the firm’s worldwide growth throughout new continents.
Jonas Cedenwing says, “The tempo of our development has been extraordinary, we registered our US firm in December and signed our first two US shoppers in February. That’s a superb begin in 2024. We should scale up quickly to fulfill the calls for of our increasing shopper base. As I focus all my time on our new worldwide shoppers on this unprecedented development, scaling our organisation accordingly, Martina will oversee managing the management workforce and reporting to the board.”
Martina Klingvall, the opposite founder, has develop into the CEO of Telness Tech.
Martina Klingvall says, “With our present development trajectory, it’s important to have our prime expertise carefully concerned within the execution of our operations. As CEO, I’ll deal with managing the management workforce, whereas Jonas will lead vital technical points and operations, guaranteeing that our momentum stays as we quickly enter new markets. We are able to’t wait to let you know extra quickly.
Telness Tech: What it is advisable to know
Based by Martina Klingvall, Carl Sahlin, and Jonas Cedenwing, Telness Tech allows cloud-based cellular operators (MVNOs) and different telecommunications corporations to launch totally digital user-centric options that maximise buyer satisfaction and minimise OPEX (Working Expertise) by way of full automation.
In November of 2023 Telness Tech carried out 11 cellular operators to run on their software program inside simply six weeks, at present these are 18 cellular operators dwell.
As the one totally automated BSS/OSS platform available on the market, the corporate helps MVNO/E/As lower prices by as much as 80 per cent, cut back time-to-market to 2 months, and enhance buyer satisfaction.
The corporate has a pipeline value over 200M SEK in annual recurring income and has already signed shoppers within the US and Europe.
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