Ashburn-Based Reverb Networks Raises $7 Million in New Funding

Ashburn, Virginia – Reverb Networks,  a leading developer of automated, continuous and Intelligent SON (Self optimizing Network) solutions for mobile market industry has announced the successful completion of a new round of funding amounting to $7 million. The round was led by the Swiss venture capital firm Friedli Corporate Finance.

The annoucement of funding was on time with the release of its flagship product called InteliSON which is the first of its kind in the wireless industry. InteliSON is the first antenna-based SON solutions for LTE networks and UMTS mobile network operators. With InteliSON, Reverb Network has proven to be the leading and pioneer provider of antenna optimization.

“Reverb is extremely pleased to have the continued support of our early investors; the funding will support Reverb’s goal of becoming the default antenna based SON solution for UMTS and LTE mobile network operators,” said Magnus Friberg, CEO of Reverb Networks, Inc., “We are entering the next phase of growth for our company involving field trials with several Tier I and Tier II mobile network operators across the globe, collecting impressive results, meeting the demand and deployment options needed by the mobile network operators we serve and proving the ability of the solution to scale in order to push in to new markets and attract new partners. I believe that our investors should be applauded for having the vision to finance the future of wireless network optimization.”

Last 2009, Reverb Network raised $9 million in series A funding.

To learn more about Reverb’s services, visit their official site at:

http://www.reverbnetworks.com/