MATRIXX Software Continues Growth and Accelerated Customer Adoption

SARATOGA, Calif.–(BUSINESS WIRE)–MATRIXX
Software
, an innovation powerhouse committed to transforming global
commerce, today announced accelerated growth and continued customer
adoption in 2018. The company’s annual contract value grew at a Compound
Annual Growth Rate (CAGR) of 70 percent during the last two years by
adding new Telco and IoT customers across Europe, the Middle East, Asia
and the Pacific Rim. In 2018, MATRIXX launched the first full stack,
digital business support systems (BSS) deployment in the public cloud
working with Google Cloud Platform and a tier one North American
operator. To support ongoing customer growth while continuing to grow
the footprint of its market leading MATRIXX Digital Commerce Platform,
the company expanded its employee base by 50 percent.

“This year has been one of tremendous growth for MATRIXX Software driven
by Telco investments in new IT infrastructure to support the
transformation to lean, digital service providers,” said Dave Labuda,
founder, CEO and CTO of MATRIXX Software. “By offering a platform that
enables digital commerce across all networks, product lines and customer
segments, MATRIXX is enabling Telcos to quickly build and launch new,
revenue-generating services across consumer, enterprise and IoT.”

Built entirely from scratch, the multi-patented, award-winning MATRIXX
Digital Commerce Platform enables a digital-first reinvention of Telco
BSS. It brings together traditionally separate network and IT functions
into a single platform including product design and lifecycle
management, customer engagement, service delivery and monetization.
Built for digital, the MATRIXX Digital Commerce Platform offers
operators the agility and seamless scalability required to compete and
win now and in the future.

MATRIXX Software at MWC19

MATRIXX Software is showcasing its offering at Mobile
World Congress Barcelona
February 25 – 28, 2018, Hall 2, Stand D22.
As part of the activities at MWC19, MATRIXX will host a Digital Leaders
Speaker Series. Top Telco industry executives from leading North
American and Italian operators will discuss their IT transformation
strategies and how their approach provides the agility and seamless
scalability needed as mobile operators deploy 5G.

2018 MATRIXX Software Highlights

Recent company milestones highlighting MATRIXX’s technology innovation,
corporate growth and customer momentum include:

  • Completed a $40
    million Series C
    funding led by Sutter Hill Ventures. Joining
    Sutter Hill Ventures and existing MATRIXX investors were new investors
    CK Hutchison and Spring Lake Equity Partners
  • Launched its MATRIXX Digital Commerce Platform on Google Cloud
    providing a single platform that provides Telcos rapid digital
    transformation via the public cloud
  • Added new customers throughout the world including:

    • A Tier One North American Telco provider that launched a
      cloud-based, digital-native offering with plans that users can
      activate and manage solely through the service’s mobile app
    • Orange
      Polska
      announced it is deploying MATRIXX Digital Commerce
      Platform as a foundation for its digital transformation.
    • Yodoo
      Malaysia
      implemented MATRIXX Digital Commerce Platform to
      launch Malaysia’s first mobile service that enables customers to
      completely customize their mobile plans
    • Ooredoo
      partnered with MATRIXX to provide personalized, digital mobile
      plans to the Oman Market
    • 3
      Hong Kong
      , the mobile arm of Hutchison Telecommunications Hong
      Kong Holdings Limited, announced agreements with Tech Mahindra,
      MATRIXX Software, Salesforce and Vlocity to enable digital
      transformation of its telecoms operations
  • Stefan Dyckerhoff, managing director at Sutter Hill, and cloud
    entrepreneur Dave Yarnold joined MATRIXX Software’s board
    of directors
  • MATRIXX further strengthened its executive team with appointments
    of three executives
    :

    • Martin Savitt, a 20-year veteran of leading software companies
      joined as chief revenue officer
    • Bill Highstreet brings more than 30 years of Silicon Valley tech
      experience to his position as VP of operations and chief of staff
    • Terry Wong shares 20+ years of global HR strategy in her new role
      as VP of human resources
  • Expanded its development center in Ipswich, UK at Adastral Park. The
    park, a cluster of high-tech telecommunication and technology
    companies, is at the heart of the UK’s digital ecosystem
  • Awarded a grant by the UK Government for research on advanced AI based
    mobile quality assurance
  • Expanded offices in Dubai, Melbourne, and Silicon Valley
  • Recognized by the Asia-Pacific
    Stevie® Awards
    for Innovation in Technology Development in the
    Telecommunications Industries
  • Dave Labuda, founder, CEO and CTO was named CEO
    of the year
    by NPG IT World, and was also honored with a Silicon
    Valley Business Journal C-Suite Award
    for his leadership as CEO
  • Founder Jennifer Kyriakakis was recognized by Information Age as Entrepreneur
    of the Year
    . She was also named Entrepreneur
    of the Year and Innovator of the Year
    by Women in Business and the
    Professions World Awards

About MATRIXX Software

Silicon Valley based MATRIXX Software is committed to helping Telco’s
reinvent themselves into leaders of the digital economy. Our
multi-patented MATRIXX Digital Commerce Platform was built from scratch
to serve as the foundation for next-generation IT architectures capable
of powering rapid transformation. Through innovations in engineering,
product, sales and deployment, we empower Communications Service
Providers with the speed, agility and autonomy they need to give their
customers modern, digital experiences.

Contacts

Mercury Global Partners for MATRIXX
Natalee Gibson, Managing
Director
[email protected]
+1
720 648 5784

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