Catholic University of Louvain communications spin-out Tessares secures backing from telecoms firm Proximus and university investor Louvain Technology Fund.
Tessares, a new communications spin-out of Catholic University of Louvain (CUL), has raised a venture round from telecoms firm Proximus and university investor Louvain Technology Fund.
The round, which was for an unspecified sum, will help Tessares increase its headcount over the coming 18 months, and will also be used to develop software generated by a collaboration between Tessares and Proximus.
The two will be working on telecom network convergence software which aims to provide a better internet experience on mobile networks. It will offer greater bandwidth and reliability by combining different access networks, such as broadband, 3/4G, and wi-fi.
Dominique Leroy, Proximus at CEO, said: “We’re very pleased to collaborate with Tessares to co-develop a new technology that fits perfectly within our strategy of convergence and our objectives of enhanced customer experience. This agreement with Tessares clearly shows Proximus’ commitment to innovation and our intention to strengthen the partnerships with the academic world, which is a major driving force of innovation in our country.”
