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Eden Ventures Announces Another Compelling Investment from its GBP32 Million Early Stage Technology Fund

LONDON, July 4/PRNewswire/ -- Eden Ventures today announced that it has selected Tribold Limited as the latest investment from its newly formed GBP32 Million early stage technology private equity fund. Tribold is a leading provider of Enterprise Product Portfolio Management application software for the Telco market (fixed, wireless, ISP, and cable providers). Mark Farmer & Mark Caroe, of Eden Ventures, will join the Board as Non Executive Directors.

"This is a perfect example of our investment strategy in action," said Farmer. "Tribold has created an innovative, new category of application software providing substantial financial benefits for Telcos worldwide."

Eden are able to apply their considerable experience in the Telco software space to this investment. Experience gained with some of the hottest companies in the industry, companies like Apertio and Cramer Systems.
"Tribold is the most exciting company operating in this space. Tribold PPM is the only application that provides Product Managers with a 360 degree view of the Telco product portfolio. Using this new technology, Telco organizations can understand product line profitability and reduce revenue leakage to ensure world class execution and drive increased profitability" said Caroe.

"Tribold is well positioned to become the market leader within the fast growing sector of Telco Product Management. The Eden team bring an unrivaled track record in helping early stage Telco software products companies and will be a huge asset as Tribold expands," said Jonathan McKay, Chairman Tribold Limited.