Funding For Innovative Mobile Network Technology

Aug 05, 2004

Arieso Ltd, the leading supplier of cellular network optimisation software products to the mobile telecommunications industry, has raised £1.5 million with the help of Oxfordshire Investment Opportunity Network (OION), Europe’s leading business angel network. The funding will enable Arieso to develop its suite of innovative software products, which help network operators significantly reduce the costs of building and maintaining 3G networks, cut roll-out times by up to 30%, and increase operational efficiency.

Shirin Dehghan, Chief Executive Officer of Arieso, explained:
“2004 promises to be the year that the world’s leading mobile operators integrate optimisation solutions into their 3G network design processes and Arieso is well-placed to become their provider of choice. Given the cost of 3G licences, operators need to ensure a fast transition of existing 2G and 2.5G subscribers to the 3G networks. And it’s critical that the performance of new 3G networks meets high consumer expectations in what is a very competitive marketplace; this is where unique Arieso technology will play a crucial role.”

The total annual global market for network optimisation products is currently £300m, with fast growth anticipated by leading market analysts, given the substantial cost-savings and reduced time-to-market potentially afforded by the operating community.

One of Arieso’s innovative optimisation products uses a high-speed simulator incorporating real network and measurement data to model the design and behaviour of a planned 3G network, showing how the network can be designed to operate more efficiently without sacrificing quality.

Ms Dehghan praised Oxfordshire Investment Opportunity Network (OION):
“The OION Network exceeded our expectations. Our presentation at one of OION’s monthly meetings led to a £500,000 investment from one of their investor members, Top Technology Ventures, which leveraged a further £1,000,000 from venture capital firm Add Partners. We are delighted, as this funding enables Arieso to gear up for further expansion and broaden the range of products we offer to operators.”

Alastair Cavanagh, Manager of Oxfordshire Investment Opportunity Network, said:
“We congratulate Arieso and are pleased that the funding secured through OION attracted further investment from a leading VC firm. The combination of Arieso’s patented product portfolio, the first of its kind, and a management team with substantial experience in the telecoms industry, proved highly attractive to our investors.”

Source: OXFORDSHIRE INVESTMENT OPPORTUNITY NETWORK

Explore further: NREL reports examine economic trade-offs of owning versus leasing a solar photovoltaic system

add to favorites email to friend print save as pdf

Related Stories

Nano-beaker offers insight into the condensation of atoms

24 minutes ago

An international team of physicists has succeeded in mapping the condensation of individual atoms, or rather their transition from a gaseous state to another state, using a new method. Led by the Swiss Nanoscience ...

Can technology stop scourge of bicycle thefts?

27 minutes ago

Urban cyclists have more in common than an aptitude for pedaling through city streets - they share the ever-present dread of one day discovering their bicycle missing from the bike rack, or finding only the skeletal remains ...

Recommended for you

Transmitting wireless data on higher frequencies

3 hours ago

Everything we do that requires a wireless connection uses the radio spectrum. We're able to harness radio waves to listen to music in the car or stream Netflix from the 4G network on our smartphones. Each ...

User comments : 0

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.