Netaxis Solutions, a Brussels, Belgium-based software company focusing on the telecom industry, received a mezzanine loan from Pride Capital Partners.
The amount of the deal was not disclosed.
The company intends to use the funds to further accelerate its international growth.
Founded in 2010 and led by Manuel Basilavecchia, CEO, Netaxis Solutions provides a software platform for major telecom operator networks to improve efficiency, to reduce operating costs and speeding up the onboarding of new customers with automation.
The company, which currently counts 45 employees, mostly engineersm started to expand internationally in 2016
and are currently also present in the Netherlands, Italy, France and the United Kingdom.
The functionalities of the current solutions offered include Network Monitoring, Call Simulation, API Orchestration, Session Routing Engine with SIP Registration, multilanguage, multi-tenant and multi-layer provisioning gateway and a fraud detection and mitigation engine.
Clients are Tier 1 telecom operators such as MTN, KPN, T-Mobile, Orange, Proximus and Vodafone. Netaxis also serves large corporates such as ABN Amro and Nuon. By moving its products into the cloud, the company is also making its products accessible to smaller Tier 2 and Tier 3 telcos which is expected to continue to drive strong growth.
It has partnerships with Cisco and Oracle whose products are complementary serving clients in Europe, The Middle East, Africa and Asia.