Iptune raises €1.3M from Inventure

Funding

Iptune, which develops software for monitoring the performance of mobile Internet Protocol (IP) networks, has raised €1.3 million from Finnish technology investor, Inventure.

Helsinki-based Iptune’s products are used for fault-finding and troubleshooting IP-based services in mobile data networks. Its Service Chain Assurance product provides proactive service monitoring, is able to establish the root cause of any problem and provides business intelligence. It says this gives network operators the information and capabilities to improve service usage and reduce the costs of managing and running their networks.

“We want to be part of Finnish success stories and enable technology companies to grow internationally. We believe that Iptune’s technology plays a key role in operators’ quest for new business models to beat the growing demands of data traffic,” said Timo Tirkkonen, a partner at Inventure.

“Efficient problem solving and analysis of data traffic provides cost savings and enables operators to create new, interesting services. Our technology gives operators the tools to provide better services while maximising the data service revenue,” said Vesa Haimi, Founder and CEO of Iptune.

Iptune was founded in 2005 by a group of mobile network specialists with extensive experience in the telecoms industry. Based in Finland, it has an office in Kuala Lumpur and works with a global network of partners.

In May, Iptune secured investment for Young Innovative Enterprises from the Finnish Funding Agency for Technology and Innovation.