Company:Matrixx Software

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Matrixx Software
FoundersJennifer Kyriakakis
Dave Labuda
HeadquartersSaratoga, California
Websitematrixx.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 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] and Innovacom.

References

  1. ↑ "Matrixx software Jennifer Kyriakakis". San Jose Business News. 2017. https://www.bizjournals.com/sanjose/news/2017/05/15/matrixx-software-jennifer-kyriakakis-women-of.html. 
  2. ↑ 2.0 2.1 2.2 2.3 "CK Hutchison buys stake in Silicon Valley’s Matrixx Software". Financial Times. https://www.ft.com/content/4e97ff56-02a5-11e8-9650-9c0ad2d7c5b5. 
  3. ↑ "Women in IT Awards USA Winner: Jennifer Kyriakakis, MATRIXX Software". Information Age. 4 July 2018. https://www.information-age.com/women-it-awards-winner-jennifer-kyriakakis-123473242/. 
  4. ↑ "CTOs on our Doorstep: Dave Labuda, MATRIXX Software CTO". Information Age. 20 August 2018. https://www.information-age.com/ctos-on-our-doorstep-dave-labuda-matrixx-software-123474269/. 
  5. ↑ "Telco Billing Company Matrixx Raises $40 Million in Series C". https://www.sdxcentral.com/articles/news/telco-billing-company-matrixx-raises-40-million-series-c/2018/01/. 
  6. ↑ "Driving digital transformation in the telecom industry". Information Age. 22 August 2018. https://www.information-age.com/driving-digital-transformation-in-the-telecom-industry-123474367/. 
  7. ↑ "Attitudes Toward a Sprint T-Mobile Merger: 73% Will Remain With Current Carrier". Telecompetitor. https://www.telecompetitor.com/attitudes-toward-a-sprint-t-mobile-merger-73-will-remain-with-current-carrier/. 
  8. ↑ "PLDT pours $5M into California-based Matrixx Software". Rappler. https://www.rappler.com/business/business-deals/127594-pldt-capital-matrixx-software-investment. 




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