WaterCove Powers Orange Wireless Data
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A new deal with Orange will bring the green for WaterCove Networks.
The Bristol, U.K., telecom carrier is licensing wireless data transmission equipment from the Chelmsford, Mass., firm. The systems gives Orange a platform to deliver 2.5G and 3G services to its 12.8 million subscribers.
Financial terms were not disclosed.
"This agreement is the market's first recognition that a new generation of infrastructure-driven capabilities are needed if operators are going to set new data service offerings in motion, effectively introduce new pricing models, and be able to scale successful services quickly," said Peter Lojko, WaterCove Networks president and CEO.
In addition, it allows them to accelerate the rollout of personalized content and always-on, high-speed data serviceswhile migrating to 2.5G and 3G wireless network environments.
Carriers can manage and monitor network resources through a single point of control.
The deal with Orange U.K., a subsidiary of European carrier giant Orange S.A., is significant for WaterCove.
The company, which also has a research and development center in Chicago, is privately held and landed $40 million in venture capital backing last year.
Among Watercove's investors is the investment arm of Orange S.A.