Intel Capital Invests In UAE Based Telecommunications Analyst Software Provider, NeuString
Another Investemnt round made recently in the tech sector in Arabia as Intel Capital, Intel Corporation’s global investment subsidiary, announced yesterday an investment in NeuString, a UAE-based telecommunications analyst software company. With this investment Intel Capital total investment in Arab based companies this year, totals to six, from Jordan: Jeeran and ShooFeeTV and from UAE, Conservus International FZ-LLC, Pulse Technologies FZ-LLC, Vertex Animation Studio FZ-LLC.
The funding from Intel Capital will assist NeuString in pursuing regional growth and development plans in addition to extending the company’s product offerings. The amount of the investment was not disclosed.
NeuString is a billing software company dedicated to delivering predictive analytics solutions and consulting services to mobile network operators to help them achieve greater financial performance. With offices in the United Arab Emirates, Denmark, Russia, and Ukraine, NeuString has experienced teams who have been active in the telecommunications industry for more than two decades.
(via The National.)