Intel invests US$11m in UK OSS firm

Intel, in conjunction with investors DJF Espirit and Eden Ventures, has invested $11 million in OSS start-up Tribold.

The UK-based Tribold specializes in developing product data management, integration and lifecycle management systems.

Intel believes it is well-placed to compete in the OSS market against big guns such as Amdocs and Oracle. 

"In an uncertain economic climate, we believe this round of funding clearly demonstrates Tribold's importance in the communications industry. The new funds will allow Tribold to grow and expand in existing and new markets," Tribold CEO John Rainger said.  

Marcoss Battisti, a senior director at Intel Capital, said the company's product portfolio will help address the problem of operators needing to upsell their services while simultaneously reducing costs.

"The objective of Tribold's products is to radically enable carriers to bring many more products to their customers in a much more efficient way," he said. "This opportunity will help carriers grow their revenue and lower their cost base."