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AICC Israeli member Pontis raises nearly $20m

pontisPontis joined AICC in 2008 following their participation in the Mobile Innovations Business Exchange with Amdocs and at&t in April 2008.

The investment is the first by Norwest’s Dror Nahumi in his role as the partner focused on Israeli investments.

Pontis Networks Inc., a developer of software marketing systems for communication service providers, has raised $19.65 million in its second financing round. Norwest Venture Partners led the round, joined by current investors Sequoia CapitalAccel Partners, and Evergreen Venture Partners.Western Technology Investments (WTI), which invested $4 million in Pontis in its seed and first rounds, did not participate in the present round. Pontis has raised $44 million since it was founded in 2002.
For full article: Globes

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