AttoCore wins investment to expand 4G and 5G mobile core solutions

AttoCore, a developer of scalable and flexible 4G and 5G core network solutions has secured a strategic investment from Lansdowne Investment Company Cyprus Ltd (LICC).

The injection of an undisclosed capital sum from LICC will reportedly allow AttoCore to increase its head count and accelerate the development of its Atto5GC 5G Standalone Core and AttoEPC 4G Evolved Packet Core. It will also be able to enhance its ability to address key markets, including private networks in Europe and the USA.

Founded in 2014, AttoCore develops ultra-mobile core network software technology that can be deployed in consumer, enterprise and service provider scenarios. Small footprint and high quality make it particularly well suited to non-public (private) networks, neutral host and rural Fixed Wireless Access applications. Deployment can be at the enterprise site, in the Cloud, as a standalone network, or interconnected with existing network services to extend wireless services anywhere in the world.

LICC is an investment vehicle managed by Lansdowne Partners Austria GmbH (LPA), which is an Austrian Alternative Investment Fund Manager with a strong focus on investing in and fostering European innovation. LPA is part of the Lansdowne Partners group of companies.

Commenting on the investment, David Neil, AttoCore CEO says, “The growing interest in non-public networks creates a significant opportunity for AttoCore’s scalable and flexible 4G and 5G core network solutions. We are very grateful to LICC for their support, enabling us to rapidly bring to market and further enhance Atto5GC. Atto5GC provides systems integrators with a 5G Standalone Core, suitable for enterprise use and differentiated from the large vendors by flexibility, scalability, performance and price.”

David Neil

AttoCore says that the global interest in 5G and the release by national regulators of spectrum suitable for the deployment of non-public networks, such as those enabled by the CBRS (Citizens Broadband Radio Service) programme in the USA, have created an “excellent market opportunity for scalable, flexible, mobile core solutions”. AttoCore has already supplied its product into non-public networks, a number of which will be the subject of further announcements in the coming weeks.

In addition to the support of LICC, AttoCore will also benefit from a close partnership with ng-voice GmbH, the supplier of fully containerised (Kubernetes), cloud native 3GPP (3rd Generation Partnership Project) compliant, IP-Multimedia Subsystem (IMS core), with a minimised resource footprint. Based in Hamburg and Berlin, ng-voice is an ideal partner for AttoCore, sharing the same commitment to performance and quality. AttoCore has also announced that Dr. David Bachmann, CEO of ng-voice, will join the AttoCore board of directors.

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