Big data analytics software firm Zettics has raised USD8.2m in a funding round led by Excelestar Ventures. Further participation came from existing investors North Bridge Venture Partners, Steamboat Ventures,Voyager Capital and Emergence Capital Partners.
Zettics says the financial backing will be used for international expansion and to make acquisitions. The Massachusetts-based firm develops an analytics system aimed at handling customer care and data monetisation. The software is designed to spot network abuse and reduce churn.
Sterling Wilson, President and CEO of Zettics, said, “This funding is a testament to Zettics’ success.The Excelestar team has extensive experience with operators worldwide and is a great addition to our existing investor group. At Zettics, we are focused on rapidly building our business. We recently added employees with strong operator and big data experience to our management team, and opened offices in London and Singapore. We will continue to quickly expand our global presence in sales, research and development, partnerships, and marketing to keep up with the growing demand for our products from operators worldwide.”
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