Intersec, a Paris, France- and New York-based provider of solutions that enable mobile operators to capture and monetize their network value through big data collection, raised $20m in Series B funding.
The investors included Highland Capital Partners Europe and existing investors. In conjunction with the funding, Laurence Garrett and Tony Zappala, partners at Highland Capital Partners Europe, joined Intersec’s board of directors.
The company intends to use the funds to accelerate worldwide growth and develop its big data software solutions for both the telecom industry and other large corporations.
Led by Yann Chevalier, CEO, Intersec designs solutions that enable mobile operators like Telefonica, MTS, Zain, teliaSonera and Orange to improve their operational efficiency and build their business in the areas of analytics, location-based services, customer value management and contextual engagement. The company also has offices in Dubai, Saint Petersburg, Singapore, Abidjan, Sao Paulo, Madrid, and Johannesburg.