UXP Systems has announced the closing of its Series B round of financing led by cable and telecoms industry leaders John Malone and John Risley.
This financing culminates a fiscal year that has seen the addition of significant new customers including Vodafone and Cable & Wireless and year-on-year sales growth of more than 180%.
“We are extremely pleased with the strong interest in this financing round,” said Gemini Waghmare, the chief executive and founder of UXP Systems. “This investment will support our global expansion and continued innovation of our User Lifecycle Management platform.”
UXP Systems’ User Lifecycle Management platform helps CSPs transform by managing individual user relationships and delivering user control, role management, delegation and personalisation. With User Lifecycle Management, CSPs can innovate on top of existing systems to bring new services to market rapidly while fully enabling digital transformation.
“It is clear that operators are recognizing the critical nature of a robust digital identity offering as they transition to a world where a relationship with every household and business user counts” said Malone.
