Welcome!

Server Monitoring Authors: Carmen Gonzalez, AppDynamics Blog, Yeshim Deniz, Liz McMillan, Pat Romanski

News Feed Item

MATRIXX Software Secures US$9 Million in Second-Round Funding

MATRIXX Software, developer of the next generation of online charging and policy management solutions, today announces it has secured US$9 million in funding from Greylock Partners and Tugboat Ventures. David Strohm, a 30 year veteran at Greylock and Director at EMC Corporation and VMware, and Dafina Toncheva from Tugboat have been appointed to the MATRIXX Board of Directors.

MATRIXX Software was formed in 2008 by telecoms entrepreneur Dave Labuda, founder and CEO of Portal Software. Dave and his co-founders, Luther Kitahata and Jennifer Kyriakakis, have assembled a world class team with over 100 years of Telco rating and billing experience.

“Our ground-breaking approach to high-performance transaction processing rewrites the economics of real-time charging for service providers,” said Dave Labuda. “MATRIXX is uniquely positioned to drive the monetization of the explosion in mobile data traffic and help service providers profitably launch next generation services and business models.”

MATRIXX Software has developed a series of patent-pending technologies that deliver ten-to-fifty times the performance of current rating and charging solutions. This enables service providers to realize an extremely low, fully predictable Cost Per Transaction (CPT) for all services. With the industry quickly shifting toward real-time services and high-volume micro-transactions, service providers are unable to keep pace using their existing platforms. The MATRIXX solution turns these challenges into opportunities, allowing operators to leap into the real-time future while simultaneously driving down their operating costs.

“Dave Labuda has a proven track record of successfully bringing to market innovative software that answers the needs of service providers. With the technology developed at MATRIXX, the company is poised to fundamentally improve how operators approach rating and charging,” said David Strohm. “This type of game-changing innovation fuels explosive growth, and we are pleased to be partnering with MATRIXX Software to help them succeed.”

About MATRIXX Software

MATRIXX Software is reinventing real-time to deliver solutions that help service providers address the growing volume and complexity of services that require real-time processing. Our flagship product, the MATRIXX OC/PM Engine, is the ultimate solution for service providers who want to monetize their portfolio of services and content. By delivering a ten to fifty-fold increase in performance over traditional and next generation charging systems, the MATRIXX solution enables an entirely new operational cost structure for online charging and subscriber policy management. It empowers service providers to monetize all products, services, and content in real-time at a dramatically lower cost per transaction (CPT). For more information, visit www.matrixxsw.com.

About Greylock Partners

Greylock partners with entrepreneurs to help them build market-leading businesses. Over the past 45 years the firm has worked with hundreds of companies, 150 of which have gone on to IPOs and 100 of which have gone on to profitable M&A events, including: Ascend Communications, CheckFree, CipherTrust, Constant Contact, Continental Cable, Decru, Data Domain, DoubleClick, Farecast, Internet Security Systems, Ikanos, Legato, Media Metrix, Millennium Pharmaceuticals, Openwave, Open Market, OutlookSoft, Polyserve, Red Hat, RightNow Technologies, Success Factors, Sun Edison, Tellabs, Trilogy and Wily Technology. Current Greylock portfolio companies include Data Robotics, Digg, Facebook, Imperva, LinkedIn, Palo Alto Networks, Pandora, Picarro, Redfin, Workday and ZipCar. For more information about Greylock Partners, visit www.greylock.com or follow us on Facebook (http://www.facebook.com/greylock) or Twitter (@GreylockVC).

About Tugboat Ventures

Tugboat Ventures is an early stage, mentor capital firm dedicated to serving the highest potential entrepreneurs and business innovators today. Tugboat invests significant time, energy and money behind these select entrepreneurs to assist them in building market leading companies. Tugboat’s active involvement starts as early as concept stage and continues through public offering and beyond. Tugboat invests primarily in the San Francisco Bay Area and focuses on capital efficient companies in the areas of software infrastructure, enterprise software-as-a-service, consumer internet, mobility and cloud computing. Current and prior companies served by Tugboat’s team include Blue Nile, Drugstore.com, Good, Imperva, PGP, RepairPal, richrelevance, ShopItToMe and SuccessFactors. For more information about Tugboat Ventures, visit tugboatventures.com.

More Stories By Business Wire

Copyright © 2009 Business Wire. All rights reserved. Republication or redistribution of Business Wire content is expressly prohibited without the prior written consent of Business Wire. Business Wire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

IoT & Smart Cities Stories
The platform combines the strengths of Singtel's extensive, intelligent network capabilities with Microsoft's cloud expertise to create a unique solution that sets new standards for IoT applications," said Mr Diomedes Kastanis, Head of IoT at Singtel. "Our solution provides speed, transparency and flexibility, paving the way for a more pervasive use of IoT to accelerate enterprises' digitalisation efforts. AI-powered intelligent connectivity over Microsoft Azure will be the fastest connected pat...
There are many examples of disruption in consumer space – Uber disrupting the cab industry, Airbnb disrupting the hospitality industry and so on; but have you wondered who is disrupting support and operations? AISERA helps make businesses and customers successful by offering consumer-like user experience for support and operations. We have built the world’s first AI-driven IT / HR / Cloud / Customer Support and Operations solution.
Codete accelerates their clients growth through technological expertise and experience. Codite team works with organizations to meet the challenges that digitalization presents. Their clients include digital start-ups as well as established enterprises in the IT industry. To stay competitive in a highly innovative IT industry, strong R&D departments and bold spin-off initiatives is a must. Codete Data Science and Software Architects teams help corporate clients to stay up to date with the mod...
At CloudEXPO Silicon Valley, June 24-26, 2019, Digital Transformation (DX) is a major focus with expanded DevOpsSUMMIT and FinTechEXPO programs within the DXWorldEXPO agenda. Successful transformation requires a laser focus on being data-driven and on using all the tools available that enable transformation if they plan to survive over the long term. A total of 88% of Fortune 500 companies from a generation ago are now out of business. Only 12% still survive. Similar percentages are found throug...
Druva is the global leader in Cloud Data Protection and Management, delivering the industry's first data management-as-a-service solution that aggregates data from endpoints, servers and cloud applications and leverages the public cloud to offer a single pane of glass to enable data protection, governance and intelligence-dramatically increasing the availability and visibility of business critical information, while reducing the risk, cost and complexity of managing and protecting it. Druva's...
BMC has unmatched experience in IT management, supporting 92 of the Forbes Global 100, and earning recognition as an ITSM Gartner Magic Quadrant Leader for five years running. Our solutions offer speed, agility, and efficiency to tackle business challenges in the areas of service management, automation, operations, and the mainframe.
The Jevons Paradox suggests that when technological advances increase efficiency of a resource, it results in an overall increase in consumption. Writing on the increased use of coal as a result of technological improvements, 19th-century economist William Stanley Jevons found that these improvements led to the development of new ways to utilize coal. In his session at 19th Cloud Expo, Mark Thiele, Chief Strategy Officer for Apcera, compared the Jevons Paradox to modern-day enterprise IT, examin...
With 10 simultaneous tracks, keynotes, general sessions and targeted breakout classes, @CloudEXPO and DXWorldEXPO are two of the most important technology events of the year. Since its launch over eight years ago, @CloudEXPO and DXWorldEXPO have presented a rock star faculty as well as showcased hundreds of sponsors and exhibitors! In this blog post, we provide 7 tips on how, as part of our world-class faculty, you can deliver one of the most popular sessions at our events. But before reading...
DSR is a supplier of project management, consultancy services and IT solutions that increase effectiveness of a company's operations in the production sector. The company combines in-depth knowledge of international companies with expert knowledge utilising IT tools that support manufacturing and distribution processes. DSR ensures optimization and integration of internal processes which is necessary for companies to grow rapidly. The rapid growth is possible thanks, to specialized services an...
At CloudEXPO Silicon Valley, June 24-26, 2019, Digital Transformation (DX) is a major focus with expanded DevOpsSUMMIT and FinTechEXPO programs within the DXWorldEXPO agenda. Successful transformation requires a laser focus on being data-driven and on using all the tools available that enable transformation if they plan to survive over the long term. A total of 88% of Fortune 500 companies from a generation ago are now out of business. Only 12% still survive. Similar percentages are found throug...