Cellwize Announces Investment from DTCP to Fuel Global Growth
SINGAPORE, Dec. 05, 2018 (GLOBE NEWSWIRE) -- Cellwize, a global leader in mobile network automation and orchestration, today announced an equity funding investment from DTCP (Deutsche Telekom Capital Partners), an investment management group with c. $1.6 billion assets under management and advisory from Deutsche Telekom and other institutional investors. The investment will support Cellwize’s evolution toward enabling the immense growth of the industry with the advent of 5G.
As mobile network operators (MNOs) prepare to roll out next generation networks, with competitive pressures and increasing multi-layered complexity driving OPEX up, advanced network automation is paramount. Cellwize has evolved its proven technology into a fully open and modular architecture that orchestrates ‘zero-touch’ closed-loop functionalities and incorporates machine learning and artificial intelligence capabilities.
“Cellwize has consistently been recognized for its high-quality technology and service reliability by a long list of MNOs. Given the increase in network density and complexity, driven by the adoption of 5G, Cellwize is ideally positioned to help its customers automate and orchestrate their next generation network experience,” said Vicente Vento, CEO and Co-Founder of DTCP. “Our investment decision is strongly based on the company’s superior technology.”
The investment from DTCP will be used for the expansion of Cellwize’s global footprint and to continue the company’s support of emerging 5G network rollouts. This announcement follows a year of record results for Cellwize, in which the company launched its new 5G enabled architecture, significantly grew its business and continued to add world-leading MNOs to its customer base.
“At Cellwize, we understand that the industry is on the cusp of disruptive change and entering an era of intelligent connectivity where technology will think and respond for us. The next phase of automation will incorporate machine learning, making the self-driving network more intelligent, maximizing cost efficiencies and improving subscriber experience, delivering in an agile methodology that corresponds to the dynamic nature of the market,” said Ofir Zemer, CEO of Cellwize. “Mobile operators will focus on transforming existing operations, by streamlining and automating processes, to build the foundation for autonomous operations.”
The investment in Cellwize is made from DTCP’s Special Situations Fund which focuses on investments in cloud, internet, network infrastructure & services and software companies alongside strong financial and strategic co-investors.
About CellwizeCellwize develops innovative mobile network automation and orchestration solutions that provide mobile network operators and digital enterprises with the ability to deliver continuous digital services across wireless technologies. Advanced solutions from Cellwize transform rigid, pre-set networks into adaptive, user-centric and responsive “organisms” that continuously match capacity, optimize coverage and provide a superior personalized user experience. Cellwize solutions are enabling the 5G journey for customers across North America, Latin America, Europe and APAC.
ABOUT DTCPDTCP is an investment management group with c. $1.6 billion assets under management and advisory from Deutsche Telekom and other institutional investors, and a portfolio of over 60 companies. The group provides venture and growth capital, special situation investments, and advisory services to the technology, media and telecommunication sectors. It operates and invests in Europe, the US and Israel. To learn more about DTCP, visit www.telekom-capital.com or @TelekomCapital on Twitter.
Media Contact:For CellwizeJoanne HogueSmart Connections PR(410) 658-8246 email@example.com