NextNine raises $5m
Sunday, January 23, 2005
NextNine Ltd. today announced the completion of a $5 million financing round, its second. Ascend Technology Ventures and Israel Infinity Venture Capital led the round, alongside NextNine’s existing investors.
Founded in 1998, NextNine develops solutions for the support and service of mission-critical systems, especially for customer support, for communications equipment vendors. NextNine restructured in 2003, apparently successfully, in view of the string of new contracts signed.

NextNine’s solutions enable equipment manufacturers to automate support systems, making them proactive at lower cost.

NextNine’s customers include Motorola Broadband, Comverse Technology (Nasdaq: CMVT), LogicaCMG (LSE; Euronext:LOG), and Airwide Solutions.

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