Investment
The German mobile messaging operator TynTec GmbH has taken in a minority investment from HarbourVest Partners, LLC, a private investment firm, to fund the company’s expansion into Asia, the Middle East and Africa.
TynTec offers operator-level Short Message Services services, enabling greater speed, reliability and measurability than standard messaging services. As well as guaranteed delivery in less than 15 seconds, TynTec provides full delivery receipts and a guarantee of control and security of the message direct to the handset.
Michael Kowalzik, CEO of TynTec, said, “We are excited to embark on this next phase of growth for our company alongside HarbourVest Partners, and believe that their global presence, combined with their financial and strategic backing will provide TynTec the appropriate platform from which to further execute our global expansion strategy.”
For instance, the Harbourvest investment will accelerate the market penetration of products including International Messaging Transit, a SMS hubbing platform for operators and OneNumber, which allows businesses and internet service providers to receive any communication form (voice, fax, SMS, VOIP calls, MMS, etc) on a single phone number.
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