Matrixx Software

Matrixx Software is a digital commerce platform company.

Matrixx Software
FoundersJennifer Kyriakakis
Dave Labuda
HeadquartersSaratoga, California
Websitematrixx.com

History

Matrixx Software was founded by Jennifer Kyriakakis[1] and Dave Labuda[2] in 2009.[3] Labuda serves as the company's CTO and CEO,[4] and Kyriakakis serves as the company's VP Marketing. The company is based in Saratoga, California.[2]

Platform

Matrixx produces a digital commerce platform used by large telecom companies for the management of operations support systems and business support systems.[5] It runs on premises, in private cloud/NFV environments and in the public cloud. One focus of the company is to aid in the billing of daily transactions processed for mobile devices,[2] attempting to improve the cost/revenue margin of billing for client companies.[6] Matrixx also polls mobile users regarding their views of mobile telecom companies.[7]

Finances

In 2016, Matrixx received $5 million in financing from PLDT Capital, acquiring 4% of the company.[8] In 2018 the company raised $40 million in a series C round of funding led by Sutter Hill Ventures, with investors including CK Hutchison Holdings, bringing the company's total financing to $100 million. Other investors in the company have included the venture capital arms of Telstra and Swisscom[2] and Innovacom.

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References
  1. "Matrixx software Jennifer Kyriakakis". www.bizjournals.com. San Jose Business News. 2017.
  2. "CK Hutchison buys stake in Silicon Valley's Matrixx Software". Financial Times.
  3. "Women in IT Awards USA Winner: Jennifer Kyriakakis, MATRIXX Software". Information Age. 4 July 2018.
  4. "CTOs on our Doorstep: Dave Labuda, MATRIXX Software CTO". Information Age. 20 August 2018.
  5. "Telco Billing Company Matrixx Raises $40 Million in Series C".
  6. "Driving digital transformation in the telecom industry". Information Age. 22 August 2018.
  7. "Attitudes Toward a Sprint T-Mobile Merger: 73% Will Remain With Current Carrier". www.telecompetitor.com. Telecompetitor.
  8. "PLDT pours $5M into California-based Matrixx Software". Rappler.
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