DUBAI, UAE, April 26, 2017 /PRNewswire/ --
Flytxt, a fast-growing customer data analytics software company,
today announced that it has closed a US $11
Million financing with DAH Beteiligungs GmbH a company
related to the Hopp family office. The company plans to invest new
funds in R&D to continue evolving its software product to
further its growth in the telecom industry and expand to other
verticals. It will also help company to execute its close to US
$100 million order backlog.
(Logo:
http://photos.prnewswire.com/prnh/20140527/10098680 )
Flytxt offers enterprise-class customer data analytics product
that can ingest, manage and analyse large volume of moving customer
data to derive actionable insights. The product also has built-in
applications to leverage these insights for digital customer
engagement and digital services. More than 50 telcos and other
enterprises have deployed this product in 40+ countries. In certain
markets, Flytxt and telco partners also provide brands and agencies
with aggregated and anonymised customer insights for executing
targeted mobile advertising campaigns. Solutions built using
Flytxt's products and services have generated up to 7% measurable
economic value for enterprises.
"Flytxt started in 2008 with a vision to provide over 10%
measurable economic value to enterprises using customer data
analytics technology. Today we have the 3rd generation
of our product and more than 100 enterprises, including some of the
largest telecom operators in the world, benefit from it. This
investment will help us to serve our customers more efficiently as
well as invest in R&D, and grow faster through cloud offerings
and channel partnerships," said Dr.Vinod
Vasudevan, CEO, Flytxt.
About Flytxt
Flytxt provides customer data analytics software products
and services to enterprises, helping them to accelerate their
digital transformation journey and generate sustained measurable
economic value. Digital customer engagement and digital services
solutions powered by Flytxt help to drive superior customer
experience, increase revenues, optimise margins and enhance
customer loyalty. The company serves over
100 customers including some of the largest telcos,
financial institutions and global brands across 40 countries,
analysing data of over 600 million mobile consumers. Flytxt has
consistently delivered up to 7% economic impact to its customers
with its software products, enabling services, best practices and
partner ecosystem. The company has headquarters in The Netherlands, offices in Dubai and India with regional presence in Paris, London, Singapore, Nairobi, and Mexico
City.
Contact:
Naeem Shaikh
Corporate Communication
Flytxt
naeem.shaikh@flytxt.com
+91-22-39168950