Reverb Networks Completes $7 Million Capital Raise to Fund Market Growth and Expansion

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Latest Investment to Support Intelligent Self-Optimizing Network (SON) Platform Evolution

Reverb Networks, a developer of intelligent SON solutions designed to provide mobile network operators improved operational and spectral efficiencies, today announced the completion of a successful capital raise of 7 million USD. The financing was arranged through Friedli Corporate Finance, a leading Swiss venture capital firm.

This funding announcement is coupled with the company’s release of the wireless industry’s first antenna based SON solution for LTE networks, InteliSON™. Reverb’s InteliSON is the industry’s first antenna based SON software solution for LTE and UMTS mobile network operators. In releasing this first-to-market fully automated antenna based LTE SON solution, Reverb Networks has again demonstrated why it is the pioneer in the field of antenna optimization

“Reverb is extremely pleased to have the continued support of our early investors; the funding will support Reverb’s goal of becoming the default antenna based SON solution for UMTS and LTE mobile network operators,” said Magnus Friberg, CEO of Reverb Networks, Inc., “We are entering the next phase of growth for our company involving field trials with several Tier I and Tier II mobile network operators across the globe, collecting impressive results, meeting the demand and deployment options needed by the mobile network operators we serve and proving the ability of the solution to scale in order to push in to new markets and attract new partners. I believe that our investors should be applauded for having the vision to finance the future of wireless network optimization.”

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Neal Calanni
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