London, UK: September 15th, 2011 – Tribold, a provider of Enterprise Product Management (EPM) software solutions specifically developed for Communication Service Providers (CSPs), announced today that it has received a further strategic investment from existing investors Intel Capital and DFJ Esprit.

The funding will be used to:
- Invest in Research and Development augmenting the company’s announcement earlier in the year of the decision to open a Research & Development Centre in Wales, United Kingdom. Specifically, this R & D will support the product transition to a Software as a Service (SaaS) delivery model.
- Support additional Sales & Marketing activities leveraging the past 2 years of strong growth and customer acquisition in Asia Pacific, Africa, Europe and North America.

Commenting on the funding round, Tribold’s CEO, Simon Muderack said: “Over the past few years Tribold has proven that we make a material difference to the way our customers deliver new products and services. This further investment allows us to further develop our subscription and SaaS based licensing models making it even easier for customers to adopt the Tribold solution”.

Marcos Battisti, Managing Director Intel Capital Western Europe and Israel, commented: “The increasing complexities of a modern telco operator’s product offerings have meant that solutions like Tribold’s have become essential for any operator looking to streamline and reduce the costs associated with the launch, management and retirement of their products. We have witnessed over the last couple of years an incredible increase in the demand for the company’s solutions. This current investment in Tribold enables the company to better serve its existing customers and to further accelerate the company’s growth.”

Nic Brisbourne, partner at DFJ Esprit, added: “As an existing investor in Tribold, we are confident of the company, its technology and its management. The involvement of Intel Capital also confirms Tribold’s potential for us. We’re also happy to have had the opportunity to increase our own investment in the company.”