avatar
Media, Communications, Finance

CommProve Nets $14M


CommProve, a Dublin-based maker of wireless network monitoring technology, on Tuesday said it landed $14 million in new financing to support its international expansion.

 

The cash infusion, which comes from TVM Capital, Endeavour, and TLcom, pushes the CommProve's overall investment total to $21 million.

 

CommProve, which was founded in 1996, took its first round of VC investment in 2004 when it got $7 million from TLcom.

 

The firm designs systems that allow telecom operators to find and repair coverage gaps and other problems on wireless networks.

 

In the last few years CommProve has built additions to its business around the analysis of the collected data for high-value information such as which handsets experience the most dropped calls.

 

“Even as the technology moves from 2G to 3G, the basic physics of the technology does not change that much so we are able to focus on analyzing the data in new ways,” said Adam Tarshis, CommProve’s vice president of business consulting.

 

In recent years CommProve’s target market, which is made up almost entirely of network operators, has been shrinking as large operators continue to swallow smaller players.

 

As a result smaller suppliers such as CommProve have begun broadening the geographical span of their markets and investing much more heavily in marketing.

 

“Our strategy has always been to stay as close to the customer as possible, so as our customers get larger we can exploit the possibilities of our platform,” said Gian Luca Ottino, CFO of CommProve.

 

CommProve is exploring new markets in Africa and Asia.