LONDON and DUBAI, June 30,
2015 /PRNewswire/ --
Sunrise Capital GmbH and Big Data Investments B.V. Join
Existing Investors
Flytxt, a fast growing Big Data Analytics solution provider,
today announced that it has closed an $11
million (€10 million) funding round to finance its next
phase of growth. The investment was led by Sunrise Capital GmbH and
Big Data Investments B.V. with participation from Flytxt's existing
investors.
(Logo: http://photos.prnewswire.com/prnh/20140527/10098680)
Launched in 2008, Flytxt has previously received funding from a
group of angels and family offices in Germany and The
Netherlands. The new investment will support Flytxt's plans
to consolidate its presence in the Communication Service Provider
(CSP) market and to offer mobile consumer analytics solutions to
other industry verticals. The company plans to double its team
through the next phase of growth.
Following the latest round of funding, Dr. Brigitte Mohn (Sunrise Capital GmbH) and Frits
Baron van Dedem (Big Data Investments B.V.) will join the Flytxt
Board of Directors. Dr. Mohn is an Executive Board Member of
Bertelsmann Stiftung and Supervisory Board Member of Bertelsmann
AG. Frits Baron van Dedem is Managing Director of UNION TANK
Eckstein GmbH & Co. KG and an experienced private equity
investor. Dr. Brigitte Mohn and
Frits van Dedem hold several other industry and non-profit
positions.
"We are delighted to welcome Dr. Brigitte Mohn and Frits Van Dedem on our Board.
Their rich business leadership experience will be a significant
asset for Flytxt in the next phase of our growth," said
Joerg Swoboda, Chairman, Flytxt.
"The company already has a unique standing in Big Data Analytics
market with a sustainable business model, proven technology,
impressive customer base and an exceptional team. And the potential
is huge," he added.
Flytxt's proprietary Big Data Analytics solutions have enabled
many leading global Communication Service Providers (CSPs) and
brands to increase sales and revenues, optimize margins and enhance
customer experience. Flytxt now aims to grow its product portfolio
for CSPs to generate higher economic value, and leverage its proven
technology to expand to other industry verticals.
About Flytxt
Flytxt is a fast growing Big Data Analytics solution provider
for Communication Service Providers (CSPs) and Mobile Enterprises
across the globe. The company offers full suite of internal and
external monetization solutions for increasing revenue, optimizing
margins and enhancing customer experience. Flytxt offers solutions
with full service delivery model combining Technology, Consulting
and Execution to deliver guaranteed economic impact to its
customers. The company has deployed its platforms with more than 50
customers across 32 countries, analysing data of more than 500
million mobile consumers, delivering 2 to 7% economic impact
consistently. Flytxt has its headquarters in the Netherlands, corporate office in
Dubai and also presence at
Trivandrum, Mumbai, London, Singapore, Lagos, Nairobi, Dhaka and Mexico
City.
Media Contact:
Gargi Basu
gargi.basu@flytxt.com
+91-9745769488
Manager - Marketing
SOURCE Flytxt