Olista raises $10 million

Olista plans to use the funds to increase its presence in the market with its brand of Service Adoption Management.

By SETH FREEDMAN
April 27, 2006 06:50

 
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Olista, which provide services to mobile operators, said it has raised $10 million in a second-round financing. Evergreen Venture Partners led the fundraising, with existing shareholder Gemini Israel Funds also taking part. Gemini will take a second seat on the Olista board following the financing, with Carmel Sofer - a Gemini General Partner - taking up the position. Olista plans to use the funds to increase its presence in the market with its brand of Service Adoption Management.

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