The company took wraps off the $1 billion Telco Transformation Fund which aims to support the strategic acquisition, development and “cloudification” of software products for the telco market. Any assets bought under the fund will be overseen and operated by TelcoDR Skyvera, which the company bought earlier this year.
TelcoDR also announced the acquisition of a number of assets from Texan software company Zephyrtel, which will also fall under the Skyvera brand. Skyvera will “provide customers of acquired companies ongoing support, product innovation, and a path to leverage public cloud-native software”, according to the company.
TelcoDR will also open the door for acquired Zephyrtel companies to join its membership programme, the Skyvera Cloud Club, which complimentary access to a library of telco enterprise software solutions.
Former Oracle sales director (EMEA) Matt Taylor has been named as CEO of Skyvera.
“I’m excited to bring a number of CSP customers into the Skyvera family,” said Taylor. “The inevitable shift of workloads to the public cloud is a big change for many in the telco sector, which has traditionally been slow moving and burdened by on-premise infrastructure and solutions.
“There’s now a growing appreciation of the power of the public cloud, but many CSPs lack the skills and support needed to achieve their transformation goals. Skyvera will provide this expertise, so telcos can maximize their returns from the public cloud.”
TelcoDR was set up by Optiva CEO Danielle Royston with the aim of promoting public cloud services for mobile operators. Royston, who once referred to herself as the “Elon Musk of Cloud” said: ““With my Telco Transformation Fund, I’m building a library of software products purpose-built for the public cloud.
“I’m thrilled to welcome the Zephyrtel customers to Skyvera, and I’m eager to continue to help accelerate CSPs’ move to the public cloud.”
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