Reach Mobile formally announced the company has secured an additional $8 Million in funding, bringing its two-quarter fundraise to $16 Million, for a total of $35.6 Million in funding to date.
The company also announced the formal introduction of ReachNEXT, a Software-as-a-Service (SaaS) platform that accelerates and streamlines how companies bring network-based services to market. ReachNEXT offers a one-stop-shop for launching and operating use cases such as MVNO, Fixed Wireless Access, Failover Internet, and IOT with unprecedented simplicity and speed. Clients of ReachNEXT range from emerging lifestyle brands to broadband providers reaching millions of homes.
Virtually everything needed to operate a network-based service can be found in the cloud-native platform, including the front-end customer experiences, back office customer care and operations portals, and the network integration itself. Capabilities include billing, policy, catalog and data plan management, provisioning, layered security, and customer care, which can be deployed as an end-to-end solution, plug-and-play modules, or REST APIs.
Reach Mobile CEO, Harjot Saluja
Demand for turnkey mobile and fixed wireless offerings is skyrocketing, particularly among ISPs. The platform provides a clear path to market for innovative offers that have previously taken years and millions to build.
Jake Maas, Executive Vice President at Graham Holdings Company
Reach is popularizing the idea that network-based services can be launched quickly and easily by companies without wireless expertise. We’re excited to help Reach double-down in the domestic broadband space and fuel growth in new geographies and use cases.
