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Subscriber aware networks: ComAbility Raises $6M from Vertex Venture Capital and Stata Ventures
Funding geared toward global market expansion and new-product development


Herzliya Pituach, Israel - November 14, 2007: ComAbility (www.comability.com), an Israeli startup company developing subscriber and services operations platforms for carriers and communication service providers, today announced the completion of a $6M round of financing. The round was co-led by Stata Ventures and Vertex Venture Capital.

Though a round A, ComAbility has already deployed its product at several Tier 1-3 operators in the DSL, Mobile data and Wireless service sectors in EMEA. The funding will allow the company to expand from a regional to a global market presence and to continue development of the next product lines.

Mr. Alon Fishman, formerly VP at Ascend Technology Ventures, has joined ComAbility as CEO. Mr. Doron Givoni who founded ComAbility and brought it to the initial revenues stage will continue as CTO. Mr. Moty Ben-Arie, Managing Partner at Vertex and Mr. Itzik Parnafes from Stata Ventures will join ComAbility's board of directors; Mr. Parnafes will serve as the chairman of the board. Mr. Parnafes is well versed in this space based on his own entrepreneurial experience, as a part of the initial team that founded Class Data [acquired by Cisco in ‘98] and a co-founder of Kagoor Networks [acquired by Juniper, '05].

ComAbility’s flagship product, neXus, is a unified subscribers and services operation system aimed at next-generation DSL, WiMAX, Ethernet and Mobile service providers. neXus brings an end-to-end solution to the back-office operations hurdle enabling service providers to easily launch, manage and deploy services for their subscribers.

neXus offers a range of canned subscriber management solutions that integrate industry-leading service providers’ networking database and control products and has its own built-in configurable business logic, allowing it to run out of the box. Requiring no policy server, it leverages network features to enable policy-like features and centralized management.

“Service providers are faced with a growing challenge as they strive to implement advanced services” says Ben-Arie. “The need for personalized services, along with the evolution of the network from ATM to Ethernet, new access technologies and new billing models have jointly created a disruptive change. We believe this change calls for a new paradigm in subscriber management. The ComAbility team consists of the right people to leverage that opportunity and create a successful company.”
Alon Fishman adds, “Modern service provider networks are complex to install, operate and modify. “Our current partners and customers have seen dramatic improvements in time to market for new service deployments and in network operations parameters. Service automation combined with role-based access control enables network-level customer care and service selection to be done directly via the Call Center, Order Management or self-service portals rather than require costly and lengthy engineering operations.”

About ComAbility
ComAbility is a VC-backed company providing subscriber and service operations platform for carriers and communication service providers. Current customers include Tier-1-3 service provider customers in the DSL, Mobile, Metro Ethernet and Wi-Fi/WiMAX sectors. ComAbility has partnerships with several leading networking, OSS and BSS vendors, and telecom system integrators.

About Vertex Venture Capital
Vertex Venture Capital is a unique top-tier Israeli VC with a strong international investor base, an experienced multi-disciplinary team of professionals, and an impressive track record of exits through M&A and IPO. Vertex provides unparalleled possibilities for companies in facilitating potential growth, business opportunities and leveraging synergies throughout Israel, Europe, USA, Japan and Asia. Vertex invests in Israeli and Israel-related companies in early stages of development in information networking and communications systems, software and components, digital media and enterprise software. For more information: http://www.VertexVC.com

About Stata Ventures
Stata Venture Partners is a Venture capital fund that invests in early-stage new business opportunities around the world. It has strategic investments in a wide array of technologies ranging from semiconductors to telecommunications and infrastructure. Stata Ventures specializes in helping companies build the internal infrastructure and long-term strategic plan needed to be successful in today's dynamic marketplace. Stata Ventures was begun by Ray Stata, founder and Chairman of Analog Devices (NYSE: ADI), a leading semiconductor corporation.


Publisher Contact Information:

ComAbility
+97299571314
nettie@comability.com

Company profile of ComAbility
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