Following the announcement in May that AePONA had attracted BlackBerry Partners to lead its $10m C round of investment, the company today announced that SAP Ventures, the investment division of the world’s leading provider of business software SAP AG, has also agreed to join the round, which is now completed. As reported in May, Amadeus Capital Partners, the leading investor in AePONA, along with the company’s other existing investors, Polaris Ventures, Innovacom, Nordic Venture Partners and Sutter Hill Ventures, have all participated in the round.
The investment by SAP Ventures is in line with SAP’s strategy of helping to build industry-leading technology companies that complement the range of enterprise application and solutions that SAP brings to market. AePONA’s award-winning Universal Service Platform provides streamlined access to mobile network capabilities, such as voice communications, location services, messaging and billing, making it easy to enrich enterprise applications with new mobility features. This, in turn, allows businesses to implement Communications-Enabled Business Processes, which increase efficiency, enhance customer service and improve competitiveness.
“Enabling application developers to easily utilize telecommunication network assets has been an industry endeavor for many years, both for telecommunication operators as well as for application developers,” said JörgSievert, partner at SAP Ventures. “AePONA’s solution, which is based on a decade of technology developments, has the potential of solving a core part of this challenge to the benefit of operators and application developers alike. The main beneficiary, though, will be the customer, who eventually will have access to telco-enabled applications in an unprecedented manner. We believe that AePONA stands to be a core part of this evolving ecosystem of telecommunications companies, ISVs and customers. We look forward to working with AePONA, and to help the company deliver on this goal for the industry.”
“We are delighted to welcome SAP Ventures as an investor in AePONA,” said Al Snyder, CEO, AePONA. “Having such a prestigious brand as SAP associated with the company is a major confirmation of our strategy and market position, and we are excited about the synergies that this relationship will enable with SAP® enterprise applications. We strongly believe that mobile-enabled business services will be a key driver for value creation across the mobile ecosystem. Together with last month’s investment by BlackBerry Partners Fund, Aepona is now poised to forge a leading position in the mobile ecosystem, with strong financial backing and partnership opportunities with two of the leading players in the mobile enterprise domain.”
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For further information, please contact:
Chantal Ligertwood, PR for Amadeus, +44 (0)7976 229 210 chantal@ligertwood.net