Monday, December 21, 2009

Mobile VAS Technology Provider TeleDNA Bags US$10 Million Funding from Peepul Capital LLC

Leading Mobile amount added technology enterprise, TeleDNA Communications Private Limited, (www.teledna.com) has appear that it has been acknowledged in adopting funds to the tune of US$10 actor (Rupees 50 crore). Mauritius-based institutional investment agency, Peepul Capital LLC has invested in the Bangalore-based TeleDNA afflicted by its categorical credentials, customer-base and top MVAS (mobile amount added services) opportunities in the Indian and all-around markets. TeleDNA specializes in accouterment awful scalable, top capacity, able-bodied telecom brand software basement appropriate for adaptable arrangement operators and enterprises - which allows them to accommodate differentiated, abiding and above amount added casework to their customers.

Commenting on the funding, Mr. Praveen Nallapothula, Managing Director and CEO TeleDNA, said, “We are actual admiring to be associated with Peepul Capital and its aggregation as it brings key cardinal amount in our adventure to become a apple chic MVAS Technology Company with a all-around footprint. We will be utilizing the funds to actualize sustained, mission critical, accumulation bazaar acquirement breeding VAS applications arranged with our accomplished VAS basement articles to any adaptable telecom aggregation and ample enterprise. TeleDNA will aggrandize its absolute sales and abutment functions for accouterment to business appeal and growing chump base. Company will aswell adventure into Managed Services/MVNO offerings with technologies area operators accept not fabricated any cogent revenues. For example, MMS and CellBroadCast has not been a success adventure for arrangement operators due to abridgement of acute applications, complications about account subscription, accessory settings and announcement plans.” said.

Mr. Vipul Parekh of Peepul Capital said “The investment is in band with Peepul’s acceptance in the advance in India’s telecom area and TeleDNA’s charge and adeptness to bear accompaniment of the art VAS articles and services. With Peepul’s investment, the aggregation will be assertive to crop abounding advantage of the decidedly ample telecom VAS bazaar both in India and abroad.”

TeleDNA has an accomplished chump abject with BSNL, one of the top bank telecom operators in India, accepting one of its customers. In addition, TeleDNA has artefact installations in 14 added telecom networks about the apple and aswell provides adaptable

VAS solutions for Indian enterprises. TeleDNA articles accommodate differentiated appearance like Geographical Redundancy, Highest affairs per additional (TPS) with aboriginal bottom book of hardware, anti virus/spoofing/spam modules, differentiated agreeable announcement mechanisms and best of the brand statistical reporting, achievement and business intelligence tools.

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