VoluBill, a leading independent supplier of “on the network” Mobile Data charging and control solutions, has successfully raised 10.5 million Euros in venture capital funding. XAnge Private Equity led the round, which included all existing investors; Sofinnova Partners, Sofinnova Ventures, Seventure, DVCG and Argo Capital.

VoluBill has captured a significant share of the market in the fast growing Mobile Data charging space with its unique “on the wire” charging and control technology. Business for VoluBill has quadrupled over the past two years and now has 75 employees and over 25 customers. With a global distribution channel in place, the company is keen to exploit this momentum by unlocking further potential in its technology. The capital raised will be used to fund an acquisition strategy designed to obtain technology that will provide valuable applications on top of its core products.

Commenting on the new financing, XAnge Private Equity Partner Nicolas Rose, said: “We are very pleased to be investing in VoluBill at this time. All the ingredients are right; the company has a great technology, a clear strategy, a strong management team and they operate in a market space that has clearly taken off. We look forward to being part of this exciting growth phase”

VoluBill supplies it’s network based charging solutions to Mobile Telecommunications operators around the world including many Orange affiliates, Movistar, Bharti Airtel – India’s largest Mobile operator, Orascom , Celcom Malaysia and Digicel. What is unique about VoluBill’s solutions is that they have one foot in the network and one foot in the back office. This is the only effective way to achieve true real time and thus alleviate revenue loss and fraud windows completely when charging for the vast range of Mobile Data services.

“We are delighted to have such a strong syndicate of investors backing us at this exciting point in our evolution,” said John Aalbers, CEO of VoluBill. “This demonstrated confidence in VoluBill will enable us to execute the next ambitious phase of our growth strategy and build upon the strong results so far. Telecommunications operators have recognized the unique value we bring to them and they are telling us what else they would like us to do for them – this new funding will allow us to satisfy the market demand”.

For this transaction, VoluBill was advised by Clipperton Finance, an advisory firm specializing in High-Tech and Media.

About VoluBill www.volubill.com
VoluBill provides innovative data charging, control and monitoring solutions to telecoms operators worldwide. VoluBill’s Charge it and Track em solutions enable operators to:

– Offer real-time charging for any data and content service using any payment method
– Differentiate themselves competitively in the marketplace through innovative service bundles and unprecedented flexibility in charging models and metrics
– Realise rapid time to revenue for new product & service offerings through ease of implementation and “drop in” network integration
– Monitor, analyse and control subscriber activity across all data and content services in order to maximise customer satisfaction, as well as eliminating revenue leakage and fraud
– Transcend the boundary between the network and IT systems in order to achieve maximum flexibility and unlock the potential of real time BSS integration

VoluBill is a global company, with customers and offices in all major geographies as well as centres of excellence in Europe and Asia.

VoluBill is serving the needs of both emerging and established operators worldwide, with more than 160 million subscribers currently being supported around the world using VoluBill’s technology.

About XAnge Private Equity www.xange.fr
XAnge Private Equity is a third-party fund management company majority owned by La Banque Postale (56,4%) next to ABN Amro France (33,6%), and by its management (10 %) that invests in diversified High-technology companies in Europe through funds totalling 230 M€. XAnge Private Equity also advises XAnge Private Equity, a fund that invests in postal-related growth companies, and manages an expansion capital fund for later stage companies, XPansion. XAnge benefits from the expert advice of its diversified shareholder network, the close relationship built with them, as well as its high quality international network.

For more information, visit www.xange.fr

About Clipperton Finance www.clipperton.net
Clipperton Finance is a European corporate finance boutique dedicated to the High Tech and Media industries. Clipperton is focused on start-up and advanced companies in the Software, Telecom, Components and Media/Internet spaces, advising them in their financial transactions: fundraising/capital increases and Mergers & Acquisitions. Over the past years the company and its team have managed to structure numerous high level international transactions in the European High Tech sector.