AePONA provides the software engine that powers the “Network as a Service” (NaaS) business model for mobile operators. With AePONA’s solution, a mobile operator can monetise important assets and functionality within its network. These include billing, location, messaging and voice communications where new revenue opportunities can be opened up. the company is a market leader in the NaaS marketplace through its deployments with more than 20 Tier One mobile operators around the world, together with its pioneering work on the GSM Association’s OneAPI initiative. More recently, AePONA has positioned its NaaS product to be the key enabling technology for the rapidly expanding Mobile Cloud Computing market which is expected to grow to $19.7 billion by 2014.
Amadeus co-led the first round of funding in AePONA in April 2003. In May 2010 existing investors participated in a $10m funding round, alongside Toronto-based Blackberry Partners Fund (BBPF) - the RIM sponsored venture fund - and SAP Ventures, the corporate venturing arm of SAP AG. AePONA will use the new round of funding to accelerate its commercial growth by investing in additional sales and business development resources. This will allow them to take advantage of the market opportunity that the growing global demand for mobile-enabled applications presents. Andrea Traversone is a non-executive director of AePONA.
