In addition to the investment by NSN, OpenCloud has secured an OEM agreement that will see OpenCloud's Rhino Telecom Application Server and Service Interaction Server becoming integrated into NSN's charge@once unified product suite - a modular, highly scalable and flexible convergent charging solution.
For the last two years, OpenCloud and NSN have worked in partnership securing 13 joint customers in that time.
The investment will be used by OpenCloud to further its expansion across globally. It will also allow OpenCloud to extend its partner and application portfolios, as well as assist in the development of future products. The announcement is said to come at a time when the market demand for OpenCloud's Telecoms Application Server and Service Broker products is increasing.
In the last year, OpenCloud says its growth has exceeded projections. Revenues have tripled year-on-year and the company has acquired 13 customer wins in the last year. OpenCloud's client roster includes BT, Vodafone, and T Mobile amongst its customer base of over 30 mobile and fixed network telecom operators.
"We are continuing with our quest to open up the telecoms service layer, to provide compelling technology to the expanding community of telecoms software developers and deliver better value and increased innovation" says Jeff Gordon, CEO of OpenCloud. "Naturally, we are clearly delighted to be making this announcement - in particular receiving an investment from NSN is a strong endorsement of OpenCloud's products and strategy, and it will help to support our continuing rapid growth. This move elevates our relationship with NSN to that of a truly strategic partner and will enable us to address the considerable Service Layer and Converged Charging opportunities in the market."
"This investment will allow NSN to address the considerable Converged Charging and Service Delivery Platform opportunities in the market", says Rick Centeno, head of Charging, Billing and Care, Nokia Siemens Networks. "We will be able to better provide our customers with an integrated offering to fit their end-to-end needs around service development, delivery, control and charging".