Stockholm’s Telness Tech, a burgeoning software provider for the telecommunications industry, has successfully secured €5M in funding from its two principal shareholders, Industrifonden and Viltor (JCE Group). This strategic injection of capital is earmarked for propelling the company’s international expansion efforts.
In light of its rapid growth, Telness Tech has restructured its executive team, with co-founders of Telness and Telness Tech swapping operational roles to better manage the company’s burgeoning operations. Jonas Cedenwing, one of the company’s founders, has assumed the role of Chief Operating Officer, spearheading the company’s push into new continents, including a promising start in the US market. “The pace of our growth has been extraordinary,” Cedenwing remarked, highlighting the company’s recent US incorporation and the acquisition of its first two US clients as milestones for 2024.
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CEO Martina Klingvall on Strategic Operations
Martina Klingvall, transitioning to the CEO role at Telness Tech, emphasized the importance of leveraging top talent in executing the company’s operational strategies. “As CEO, I will focus on managing the leadership team, while Jonas leads critical technical aspects and operations,” Klingvall stated, underlining the company’s commitment to maintaining momentum as it rapidly enters new markets.
About Telness Tech
Founded by Martina Klingvall, Carl Sahlin, and Jonas Cedenwing, Telness Tech is revolutionizing the telecommunications sector by enabling cloud-based mobile operators (MVNOs) and other telecom companies to launch fully digital, user-centric solutions. These solutions aim to maximize customer satisfaction and minimize operating expenses through full automation. In a remarkable feat, Telness Tech implemented its software for 11 mobile operators within just six weeks, a number that has since grown to 18 live operators.
The Only Fully Automated BSS/OSS Platform
The startup stands out as the market’s only fully automated BSS/OSS platform, helping MVNO/E/As slash costs by up to 80%, reduce time-to-market to two months, and enhance customer satisfaction. With a pipeline worth over 200M SEK in annual recurring revenue and clients already signed in the US and Europe, Telness Tech is poised for significant growth.
This latest funding round and the strategic repositioning of its leadership team underscore the company’s ambition to lead the digital transformation in telecommunications, offering scalable and sustainable solutions for mobile operators worldwide.
