Founded in 2000, Bytemobile had raised more than $56m from Innovacom, Eastven (which had been the corporate venturing unit of Ericsson) and venture capital firms Benchmark, Trident Capital and CrossBridge Venture Partners.
France Telecom-backed corporate venturing unit Innovacom has sold Bytemobile, a provider of data and video optimization services for mobile network operators, to network company Citrix for a reported $435m.
Bytemobile services more than 130 mobile operators in 60 countries and advisory boutique Architect Partners said the target company had estimated revenues of $60m per year.
Founded in 2000, Bytemobile had raised more than $56m.
Alongside France Telecom’s Innovacom unit as backers of ByteMobile, were venture capital firms Argo Global Capital,…
