MATRIXX Software, a start-up based in Mountain View, California developing a unified policy and charging solution for network operators, has received financial backing from Telstra Ventures. Financial terms were not announced. Telstra Ventures was joined by existing investors Swisscom Ventures, Innovacom, Greylock Partners, Adams Street Partners and Tugboat Ventures in the round.
MATRIXX has developed new real-time technology designed for the intensive demands of the digital services environment. The company says its real-time charging, policy and analytics solutions can drive the transformation of a service provider’s business from traditional communications to digital services.
- MATRIXX is headed by Dave Labuda, who previously co-founded Portal Software in 1994, creating the first real-time billing and revenue management solution for internet and communications service providers. Portal Software was acquired by Oracle in 2006.