Acision builds mobile messaging and charging systems that enable services such as SMS, MMS, mobile internet browsing, mobile broadband and voicemail. The company employs about 1,600 people, serves roughly 230 customers (including eight of the top 10 mobile operators) and delivers close to a trillion SMS messages annually. It raised a large funding round to capitalize on the rapid growth in mobile data driven by devices like the iPhone, iPad and Android smartphones. Management plans to use the new capital for acquisitions, partnerships and capital expenditures. Acision cited research forecasting a 39-fold increase in global mobile data traffic from 2009 to 2014 as a rationale for expansion. The article says the company will likely go public at some point in the next few years.

Total raised

$100M

Funding rounds

1

Latest round

Equity

Latest activity

Oct 2010