Amartus, a Dublin-based developer of next-generation service delivery solutions for the telecommunications industry, has raised €1.2m as part of a syndicated investment to expand its technology into new markets.
Kernel Capital, through the Bank of Ireland Seed and Early Stage Equity Fund, led the €1.2m investment, with the remainder of the funds being provided by angel investors from a technology investment syndicate, Enterprise Ireland and company promoters.
Amartus will use the funds to market, sell and expand the capabilities of its Chameleon OS service delivery software solutions.
According to the company, the Chameleon OS management platform allows service providers to rapidly deploy and operate equipment vendor network solutions.
Michael Kearns, CEO, Amartus, said the company is operating in an exciting market that is experiencing a major transformation.
"We have unique technology to address the changing needs of this market and now with the support from Kernel Capital and our other investors we are poised to become a leading solutions vendor in this market," he said.
"Automation is critical for the delivery of telecommunications network services and Amartus has developed a rapid response solution for fast, dynamic, on-demand service activation and operations, which is exactly what network operators need," said Kernel Capital’s chief technology officer Dr Daniel McCaughan.
"The result is faster rollout and shorter time to service," he added.
As well as in Dublin, Amartus has offices in Poland and the US. Its clients include Cisco, ECI Telecom and Transition Networks.
The company also liaises closely with Metro Ethernet Forum, which aims to set standards for carrier Ethernet services.