DIJON, France, January 20, 2016 /PRNewswire/ --
Opencell Software, the startup behind the world's first open source carrier-grade billing software solution, announced today having raised 650 k€ in seed funding from Xavier Niel's Kima Ventures, from Cap Innov'Est, a regional venture fund based in Eastern France, from Awys, the personal fund of Eric Durand-Gasselin, the founder of French alternative telco provider Afone, from the regional business angel network Bourgogne Angels and from several other business angels based in France and the United States. The funding, leveraged by additional R&D and debt financing of 600k€ received from BPI France, the French public investment bank, will be used to expand Opencell's operations, sales, product development and marketing operations.
Since its initial version released in 2007, Opencell's billing solution has gradually evolved into the leading open source alternative to traditional carrier-grade billing solutions. Covering the entire consume-to-cash process including mediation, rating, charging, invoicing and AR management, it is a robust, natively multi-tenant solution with rich out-of-the box customization possibilities. It is available for on premise installation and for cloud deployment on the Microsoft Azure marketplace.
Its cost-effectiveness and flexibility make Opencell's solution uniquely positioned to address the partial or complete replacement of legacy billing systems used by telco or utilities operators as well as the growing need for subscription or usage-based billing of operators launching digital services in cloud infrastructure, software, health, banking, media, transport etc.
Opencell's solution is currently live or being deployed with ten clients in France and Western Europe and has been referenced by major IT integrators interested in Opencell's disruptive approach.
"Opencell's innovative open source model has the potential to disrupt a huge market by proposing a lower cost, more flexible, alternative to traditional multi million-dollar billing systems. By choosing Opencell, companies will be able to avoid the vendor lock-in that goes with traditional billing systems.", said Xavier Niel.
Opencell was founded in March 2015 by several senior IT entrepreneurs to develop, support and accelerate worldwide deployment of Opencell, the world's first open source carrier-grade convergent billing system. http://www.opencellsoft.com
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SOURCE Opencell Software