Welcome!

Mobile IoT Authors: Zakia Bouachraoui, William Schmarzo, Liz McMillan, Elizabeth White, Yeshim Deniz

News Feed Item

Nordic TeleCom has Raised $1,3M in Funding

ESPOO, Finland, December 11, 2012 /PRNewswire/ --

Nordic TeleCom, a Finnish unified cloud communication provider, today announced receiving $1,3 million in Series A funding from Open Ocean Capital, a leading investor in European technology start-ups.

Nordic TeleCom provides unified communication solutions as a cloud service. The services include PBX and Call Center solutions, and various value added services such as Call-back, Reporting & Statistics and Call Management. The services don't require any investments in hardware, software or installations.

The funds will further boost Nordic TeleCom's international expansion in key markets especially in Europe. The partners of Open Ocean have a background in MySQL AB that was sold to Sun Microsystems for $1B in 2008.

"With the funding and strong support from Open Ocean we will be able to further expand our international operations, and realize our vision of making the newest and most advanced cloud based communication technologies accessible to any business in the world", says Esa Lahtinen, CEO and Founder of Nordic TeleCom.

"Nordic TeleCom's popularity among the customers and the strong growth have really impressed us", says Patrik Backman, CEO of Open Ocean Capital.

About Nordic TeleCom

Founded in 2009, Finnish company Nordic TeleCom (NTC) is at the forefront of unified communication services. In 2011, NTC launched a unique portal that enables - with no installations or start-up costs - different value-added services for the company's existing contact center and telephone solutions. NTC's clients include the Stadium sports equipment chain, Sixt Rent a Car Finland, Diacor healthcare centers and Delta Motor Group.

http://www.nordictelecom.fi

About Open Ocean Capital

Open Ocean is a leading early-stage venture capital firm focusing on European start-ups with large user-bases and developing enterprise software. Open Ocean was the first major owner of MySQL AB, which was later sold to Sun Microsystems for $1 billion in 2008. Open Ocean leverages its direct experience as the founders of MySQL to provide hands-on support to the management of companies receiving Open Ocean's funding. Open Ocean is led by partners Patrik Backman, Ralf Wahlsten and Tom Henriksson, and by "community and open-source wizard" Michael "Monty" Widenius, the original developer of the MySQL database and co-founder of the company MySQL AB. http://www.openoceancapital.com

Contact
Nordic TeleCom Ltd
Pietari Paivanen: +358-50-543-3292, pietari.paivanen (at) nordictelecom.fi

Open Ocean Capital Ltd
Patrik Backman: +358-40-5075024, patrik (at) openoceancapital.com

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

IoT & Smart Cities Stories
We are seeing a major migration of enterprises applications to the cloud. As cloud and business use of real time applications accelerate, legacy networks are no longer able to architecturally support cloud adoption and deliver the performance and security required by highly distributed enterprises. These outdated solutions have become more costly and complicated to implement, install, manage, and maintain.SD-WAN offers unlimited capabilities for accessing the benefits of the cloud and Internet. ...
The deluge of IoT sensor data collected from connected devices and the powerful AI required to make that data actionable are giving rise to a hybrid ecosystem in which cloud, on-prem and edge processes become interweaved. Attendees will learn how emerging composable infrastructure solutions deliver the adaptive architecture needed to manage this new data reality. Machine learning algorithms can better anticipate data storms and automate resources to support surges, including fully scalable GPU-c...
The Founder of NostaLab and a member of the Google Health Advisory Board, John is a unique combination of strategic thinker, marketer and entrepreneur. His career was built on the "science of advertising" combining strategy, creativity and marketing for industry-leading results. Combined with his ability to communicate complicated scientific concepts in a way that consumers and scientists alike can appreciate, John is a sought-after speaker for conferences on the forefront of healthcare science,...
Machine learning has taken residence at our cities' cores and now we can finally have "smart cities." Cities are a collection of buildings made to provide the structure and safety necessary for people to function, create and survive. Buildings are a pool of ever-changing performance data from large automated systems such as heating and cooling to the people that live and work within them. Through machine learning, buildings can optimize performance, reduce costs, and improve occupant comfort by ...
René Bostic is the Technical VP of the IBM Cloud Unit in North America. Enjoying her career with IBM during the modern millennial technological era, she is an expert in cloud computing, DevOps and emerging cloud technologies such as Blockchain. Her strengths and core competencies include a proven record of accomplishments in consensus building at all levels to assess, plan, and implement enterprise and cloud computing solutions. René is a member of the Society of Women Engineers (SWE) and a m...
Poor data quality and analytics drive down business value. In fact, Gartner estimated that the average financial impact of poor data quality on organizations is $9.7 million per year. But bad data is much more than a cost center. By eroding trust in information, analytics and the business decisions based on these, it is a serious impediment to digital transformation.
DXWorldEXPO LLC announced today that Ed Featherston has been named the "Tech Chair" of "FinTechEXPO - New York Blockchain Event" of CloudEXPO's 10-Year Anniversary Event which will take place on November 12-13, 2018 in New York City. CloudEXPO | DXWorldEXPO New York will present keynotes, general sessions, and more than 20 blockchain sessions by leading FinTech experts.
Apps and devices shouldn't stop working when there's limited or no network connectivity. Learn how to bring data stored in a cloud database to the edge of the network (and back again) whenever an Internet connection is available. In his session at 17th Cloud Expo, Ben Perlmutter, a Sales Engineer with IBM Cloudant, demonstrated techniques for replicating cloud databases with devices in order to build offline-first mobile or Internet of Things (IoT) apps that can provide a better, faster user e...
Bill Schmarzo, Tech Chair of "Big Data | Analytics" of upcoming CloudEXPO | DXWorldEXPO New York (November 12-13, 2018, New York City) today announced the outline and schedule of the track. "The track has been designed in experience/degree order," said Schmarzo. "So, that folks who attend the entire track can leave the conference with some of the skills necessary to get their work done when they get back to their offices. It actually ties back to some work that I'm doing at the University of ...
Charles Araujo is an industry analyst, internationally recognized authority on the Digital Enterprise and author of The Quantum Age of IT: Why Everything You Know About IT is About to Change. As Principal Analyst with Intellyx, he writes, speaks and advises organizations on how to navigate through this time of disruption. He is also the founder of The Institute for Digital Transformation and a sought after keynote speaker. He has been a regular contributor to both InformationWeek and CIO Insight...