DTCP is an investment management group with c. $1.6 billion assets under management and advisory from Deutsche Telekom and other institutional investors.
The investment will support Cellwize’s evolution toward enabling the immense growth of the industry with the advent of 5G, said the Company.
As mobile network operators (MNOs) prepare to roll out next generation networks, with competitive pressures and increasing multi-layered complexity driving OPEX up, advanced network automation is paramount. Cellwize has evolved its proven technology into a fully open and modular architecture that orchestrates ‘zero-touch’ closed-loop functionalities and incorporates machine learning and artificial intelligence capabilities.
The investment from DTCP will be used for the expansion of Cellwize’s global footprint and to continue the company’s support of emerging 5G network rollouts. This announcement follows a year of record results for Cellwize, in which the company launched its new 5G enabled architecture, significantly grew its business and continued to add world-leading MNOs to its customer base.
The investment in Cellwize is made from DTCP’s Special Situations Fund which focuses on investments in cloud, internet, network infrastructure & services and software companies alongside strong financial and strategic co-investors.