Amdocs Venture Announces Investments in Amobee and Trivenet

Amdocs announced two investments in Israeli start ups in an event held yesterday in Sillicon Valley. The Israeli giant unveiled its Open Innovation program by disclosing its investments in Amobee Media Systems, which develops mobile advertising server solutions for telecommunications providers, as well as Trivnet, a platform for mobile-based transaction management.  The terms of the deals were not disclosed, but Globes estimates both to be small amounts.

Amobee has received several awards: it has been crowned the “Most Promising Start-up of 2008/2009″ at the Globes “Journey” conference in Tel Aviv, and most recently named a TiE50 Winner, as a leader in innovation, ingenuity, andmanagement excellence. To date, Amobee has raised $54 million in three financing rounds. As stated in the compnay’s website:

Amobee is the most deployed operator centric ad-serving solution in the world, dynamically inserting relevant, interactive advertisements into all types of mobile entertainment and communication channels, including videos, music, messaging, games, and WAP, using a single, telco-grade ad-serving infrastructure.

TrivNet most recently announced a partnership with Amdocs in June, to deliver a range of financial services over the mobile phone across a range of networks. The company’s flagship product, the TRIV Platform, delivers a powerful service:

Trivnet supports all network types – mobile, fixed and converged, and a variety of mobile and non-mobile access methods for consumers and business users.

In the event, Amdocs announced the launch of three new strategic initiatives:

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October 13, 2009 | Comments
Filed Under Amdocs Mobile Money, Trivnet, VC Cafe, amdocs, amobee, venture capital

 

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