AePONA secure €11.5m in funding

Belfast software company AePONA has secured €11.5m funding in an investment co-led by Trinity Venture Capital and Amadeus Capital Partners. Invest NI also participated in the funding.

AePONA’s Causeway product provides an interface to fixed and mobile telecommunications networks which allows for the development of new services.

This interface, based on the new international OSA/Parlay standards provides a network operating system to developers exposing services such as call control, location based services, administration, rating and messaging.

Telecom Italia Group, Orange SA and KPN have adopted AePONA’s Causeway suite.

Analysts currently anticipate the market for OSA/Parlay-based products to be worth in excess of €900m over the next five years.