Matrixx Software

Matrixx Software
Founders Jennifer Kyriakakis
Dave Labuda
Headquarters Saratoga, California
Website matrixx.com

Matrixx Software is a digital commerce platform company.

History

Matrixx Software was founded by Jennifer Kyriakakis[1] and Dave Labuda[2] in 2009.[3] Labuda serves as the company's CTO and CEO,[4] and Kyriakakis serves as the company's VP Marketing. The company is based in Saratoga, California.[2]

Platform

Matrixx produces a digital commerce platform used by large telecom companies for the management of operations support systems and business support systems.[5] It runs runs on premises, in private cloud/NFV environments and in the public cloud. One focus of the company is to aid in the billing of daily transactions processed for mobile devices,[2] attempting to improve the cost/revenue margin of billing for client companies.[6] Matrixx also polls mobile users regarding their views of mobile telecom companies.[7]

Finances

In 2016, Matrixx received $5 million in financing from PLDT Capital, acquiring 4% of the company.[8] In 2018 the company raised $40 million in a series C round of funding led by Sutter Hill Ventures, with investors including CK Hutchison Holdings, bringing the company's total financing to $100 million. Other investors in the company have included the venture capital arms of Telstra and Swisscom.[2]

References

  1. ↑ "Matrixx software Jennifer Kyriakakis". www.bizjournals.com. San Jose Business News. 2017.
  2. 1 2 3 4 "CK Hutchison buys stake in Silicon Valley's Matrixx Software". Financial Times.
  3. ↑ "Women in IT Awards USA Winner: Jennifer Kyriakakis, MATRIXX Software". Information Age. 4 July 2018.
  4. ↑ "CTOs on our Doorstep: Dave Labuda, MATRIXX Software CTO". Information Age. 20 August 2018.
  5. ↑ "Telco Billing Company Matrixx Raises $40 Million in Series C".
  6. ↑ "Driving digital transformation in the telecom industry". Information Age. 22 August 2018.
  7. ↑ "Attitudes Toward a Sprint T-Mobile Merger: 73% Will Remain With Current Carrier". www.telecompetitor.com. Telecompetitor.
  8. ↑ "PLDT pours $5M into California-based Matrixx Software". Rappler.
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