Cubic Telecom has secured $5.2 million in funding from Enterprise Ireland, Qualcomm Incorporated, ACT Venture Capital and TPS Investments.
With this round of financing, Cubic Telecom will further expand its operations globally and continue to invest in its unique software platform and mobile network. The company also announced that it will create more than 70 new jobs over the next three years as part of an investment by Enterprise Ireland, supported by the Department of Jobs, Enterprise and Innovation.
Headquartered in Dublin with offices in the USA, Cubic Telecom delivers a platform providing anytime/anywhere access for mobile devices across operating systems, mobile devices and network technologies and has partners in 230 countries.
Cubic Telecom has been selected by a number of the top Fortune 100 tablet and notebook manufacturers to become their key enabler for global mobile connectivity and will be launching new services with these partners in 2013. Cubic Telecom’s applications and technologies are embedded into mobile devices at the manufacturing stage, enabling user-friendly "always on connectivity" anywhere in the world.
Barry Napier, CEO, Cubic Telecom, said: "This investment demonstrates confidence in Cubic’s ability to deliver on our smart connectivity strategy. By working with the largest device manufacturers, chipset suppliers and mobile operators in the world, we have enabled the latest devices and applications to be always connected anytime anywhere… We look forward to expanding the talent immediately within our team."
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