Wednesday, March 10, 2010
AppTrigger Acquired By Metaswitch Networks
Richardson-based AppTrigger, a developer of software for the telecommunications industry, has been acquired by London-based Metaswitch Networks. Financial terms of the buy were not disclosed. According to Metaswitch, it will gain access to AppTrigger's reusable software network element, used to implement such features as non-geographical number and local number portability (LNP) to wireless prepaid and network IVR. AppTrigger was advised by Bowen Advisors and Wilson Sonsini Goodrich & Rosati in the deal; Metaswitch was advised by Shearman & Sterling LLP. AppTrigger was venture backed by CenterPoint Ventures, Chisolm Private Capital, Sevin Rosen Funds, STAR Ventures, and StarTech Early Ventures, and had raised over $44.0M in venture funding.