Telness Tech, full-automation telecoms software vendor, has secured 5 million euros in bridge-funding in the midst of a rapid international expansion, along with a reshuffling of key executives and new planned market entries. The funding mainly comes from the vendor's two largest shareholders, Industrifonden and Viltor (JCE Group).
According to Telness Tech, unprecedented growth in the last few months has prompted it to restructure its executive team to effectively manage its expanding operations, with two of the original founders of Telness Tech swapping roles. Founder, Jonas Cedenwing, will now become the Chief Operating Officer, leading the charge in the company's international expansion across new continents; and Founder, Martina Klingvall, will become CEO of Telness Tech.
Jonas Cedenwing, Incoming Chief Operations Officer, Telness Tech
The pace of our growth has been extraordinary, we registered our US company in December and signed our first two US clients in February. That’s a good start on 2024. It's imperative that we scale up rapidly to meet the demands of our expanding client base. As I focus all my time on our new international clients in this unprecedented growth, scaling our organization accordingly, Martina will oversee managing the leadership team and reporting to the board.
Martina Klingvall, Incoming CEO, Telness Tech
With our current growth trajectory, it's essential to have our top talent closely involved in the execution of our operations. As CEO, I will focus on managing the leadership team, while Jonas will lead critical technical aspects and operations, ensuring that our momentum remains as we rapidly enter new markets. We can’t wait to tell you more soon.
