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PRESS RELEASE from provider: Business Wire
This content is a press release from our partner Business Wire. The AP newsroom and editorial departments were not involved in its creation.

MATRIXX Software Continues Growth and Accelerated Customer Adoption

February 25, 2019

SARATOGA, Calif.--(BUSINESS WIRE)--Feb 25, 2019--MATRIXX Software, an innovation powerhouse committed to transforming global commerce, today announced accelerated growth and continued customer adoption in 2018. The company’s annual contract value grew at a Compound Annual Growth Rate (CAGR) of 70 percent during the last two years by adding new Telco and IoT customers across Europe, the Middle East, Asia and the Pacific Rim. In 2018, MATRIXX launched the first full stack, digital business support systems (BSS) deployment in the public cloud working with Google Cloud Platform and a tier one North American operator. To support ongoing customer growth while continuing to grow the footprint of its market leading MATRIXX Digital Commerce Platform, the company expanded its employee base by 50 percent.

“This year has been one of tremendous growth for MATRIXX Software driven by Telco investments in new IT infrastructure to support the transformation to lean, digital service providers,” said Dave Labuda, founder, CEO and CTO of MATRIXX Software. “By offering a platform that enables digital commerce across all networks, product lines and customer segments, MATRIXX is enabling Telcos to quickly build and launch new, revenue-generating services across consumer, enterprise and IoT.”

Built entirely from scratch, the multi-patented, award-winning MATRIXX Digital Commerce Platform enables a digital-first reinvention of Telco BSS. It brings together traditionally separate network and IT functions into a single platform including product design and lifecycle management, customer engagement, service delivery and monetization. Built for digital, the MATRIXX Digital Commerce Platform offers operators the agility and seamless scalability required to compete and win now and in the future.

MATRIXX Software at MWC19

MATRIXX Software is showcasing its offering at Mobile World Congress Barcelona February 25 – 28, 2018, Hall 2, Stand D22. As part of the activities at MWC19, MATRIXX will host a Digital Leaders Speaker Series. Top Telco industry executives from leading North American and Italian operators will discuss their IT transformation strategies and how their approach provides the agility and seamless scalability needed as mobile operators deploy 5G.

2018 MATRIXX Software Highlights

Recent company milestones highlighting MATRIXX’s technology innovation, corporate growth and customer momentum include:

$40 million Series COrange PolskaYodoo MalaysiaOoredoo3 Hong Kongboard of directorsappointments of three executivesAsia-Pacific Stevie® AwardsCEO of the yearSilicon Valley Business Journal C-Suite AwardEntrepreneur of the YearEntrepreneur of the Year and Innovator of the Year

About MATRIXX Software

Silicon Valley based MATRIXX Software is committed to helping Telco’s reinvent themselves into leaders of the digital economy. Our multi-patented MATRIXX Digital Commerce Platform was built from scratch to serve as the foundation for next-generation IT architectures capable of powering rapid transformation. Through innovations in engineering, product, sales and deployment, we empower Communications Service Providers with the speed, agility and autonomy they need to give their customers modern, digital experiences.

View source version on businesswire.com:https://www.businesswire.com/news/home/20190225005054/en/

CONTACT: Mercury Global Partners for MATRIXX

Natalee Gibson, Managing Director

matrixx@mercuryglobalpartners.com

+1 720 648 5784

KEYWORD: UNITED STATES EUROPE NORTH AMERICA CALIFORNIA SPAIN

INDUSTRY KEYWORD: TECHNOLOGY DATA MANAGEMENT INTERNET NETWORKS SOFTWARE

SOURCE: MATRIXX Software

Copyright Business Wire 2019.

PUB: 02/25/2019 06:00 AM/DISC: 02/25/2019 06:01 AM

http://www.businesswire.com/news/home/20190225005054/en