About PacketFront Software
PacketFront Software is a company based in Stockholm (Sweden) founded in 2001 was acquired by Virtual1 in July 2020. It operates as a SaaS (Software-as-a-Service), and Managed Services. PacketFront Software has raised $75.54 million across 6 funding rounds from investors including Vinnova, NetNordic and Amadeus Capital Partners. PacketFront Software has completed 1 acquisition, including 42Networks. PacketFront Software offers products and services including BECS, BBE, and PacketWiz. PacketFront Software operates in a competitive market with competitors including Neusoft, Sigma Systems, Synchronoss, TEOCO and Mobileum, among others.
- Headquarter Stockholm, Sweden
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Sectors
Telecommunications
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Phone
*********
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Website
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Social
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- Legal Name Packetfront Software Solutions Ab
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$75.54 M (USD)
in 6 rounds
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Latest Funding Round
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Investors
Vinnova
& 5 more
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Employee Count
Employee Count
- Investments & Acquisitions
- Acquired by
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Products & Services of PacketFront Software
PacketFront Software offers a comprehensive portfolio of products and services, including BECS, BBE, and PacketWiz. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Network automation is provided for multi-vendor IP networks.
Subscriber management is facilitated through business support systems.
Cost savings are calculated for network automation solutions.
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Funding Insights of PacketFront Software
PacketFront Software has successfully raised a total of $75.54M across 6 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 6
- Last Round Last Round
- First Round First Round
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2015 | Amount | Grant - PacketFront Software | Valuation |
investors |
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| Apr, 2010 | Amount | Series D - PacketFront Software | Valuation |
investors |
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| Jul, 2008 | Amount | Series D - PacketFront Software | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in PacketFront Software
PacketFront Software has secured backing from 6 investors, including venture fund investors. Prominent investors backing the company include Vinnova, NetNordic and Amadeus Capital Partners. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital funding is provided to Swedish companies across sectors.
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Founded Year | Domain | Location | |
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Early-stage deep technology investments are made by Amadeus Capital.
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Founded Year | Domain | Location | |
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Investment in life sciences companies is facilitated by EEP.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by PacketFront Software
PacketFront Software has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include 42Networks. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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VoIP, broadband telephony, and FTTP solutions are provided to operators.
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1999 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - PacketFront Software
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Packetfront Software Comparisons
Competitors of PacketFront Software
PacketFront Software operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Neusoft, Sigma Systems, Synchronoss, TEOCO and Mobileum, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
IT solutions and services are provided to multiple industries.
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| domain | founded_year | HQ Location |
Product, order management, and network provisioning solutions are provided.
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| domain | founded_year | HQ Location |
SaaS-based platform providing subscriber analytics, network asset management, and cloud services
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| domain | founded_year | HQ Location |
Network planning, assurance, analytics, and optimization solutions are provided.
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| domain | founded_year | HQ Location |
Real-time and predictive analytics are delivered to telecom providers.
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| domain | founded_year | HQ Location |
OSS/BSS and IT services are provided to the telecommunications sector.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Packetfront Software
Frequently Asked Questions about PacketFront Software
When was PacketFront Software founded?
PacketFront Software was founded in 2001.
Where is PacketFront Software located?
PacketFront Software is headquartered in Stockholm, Sweden.
Who is the current CEO of PacketFront Software?
Jonny Wetterborn is the current CEO of PacketFront Software.
Is PacketFront Software a funded company?
PacketFront Software is a funded company, having raised a total of $75.54M across 6 funding rounds to date. The company's 1st funding round was a Series D of $40.99M, raised on Oct 11, 2001.
What does PacketFront Software do?
Network orchestration and automation solutions are delivered by PacketFront Software for telecom operators, city carriers, and enterprises across more than 20 countries. Multi-vendor network management is simplified through their OSS software, BECS, which enables zero-touch configuration and automated service provisioning for IP networks. Additionally, their BSS software, BBE, supports subscriber and product management. Compliance with UK TSA and EU NIS2 cybersecurity regulations is also facilitated. The company focuses on reducing operational costs and streamlining management processes in the telecommunications sector.
Who are the top competitors of PacketFront Software?
What products or services does PacketFront Software offer?
PacketFront Software offers BECS, BBE, and PacketWiz.
How many acquisitions has PacketFront Software made?
PacketFront Software has made 1 acquisition, including 42Networks.
Who are PacketFront Software's investors?
PacketFront Software has 6 investors. Key investors include Vinnova, NetNordic, Amadeus Capital Partners, European Equity Partners, and TLcom Capital Partners.
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