Intersec, a Paris, France-based fast data analytics software vendor, closed a $10m funding.
Backers included Omnes Capital, Cisco Systems, Harbert European Growth Capital, which joined Innovacom, Highland Capital Partners Europe and CMC-CIC Innovation.
The company intends to use the funds to strengthen operations worldwide and to accelerate innovation and development offering Smart Data software solutions for both the telecom industry and other verticals which can benefit from its technology.
Led by Yann Chevalier, CEO, Intersec designs software enabling companies to turn their Big Data coming from heterogeneous network equipment and IT, into actionable insights in real-time. Applications range from Customer Base Management, Location Data Monetization, mass-scale Location-Based Services, Fraud Management and Business Analytics.
Customers include operators like Telefonica Group, MTS in Russia, Etisalat, Orange, SFR in France, Maroc Telecom, PCCW in Hong Kong, Mobinil in Egypt, Entel in Chile, Vivo in Brasil and Zain in Saudi Arabia.