Earlier this week Mango Telecom, a Russian provider of SaaS solutions for business communications, announced it had attracted a $10 million investment from Intel Capital. The company intends to use the funds to expand its cloud-based business services to Russia and enter the European market.
Mango Telecom’s offer includes a hosted PXB (corporate telephony) solution, a CRM system and a calls processing center.
The company’s turnover increased almost threefold – from approximately $10 milliom to more than $25 million – between 2011 and 2013. The company claims to serve more than 30,000 corporate clients with 200,000 active users.
“Mango Telecom has become one of the most important Russian companies in the SaaS sector and it has great potential to grow much biger,” believes Intel Capital Investment Director Maxim Krasnykh.
Intel Capital has invested in 13 Russian companies – more than any other foreign high-tech investor – over the past ten years. Its latest investment went to personal service aggregator Eruditor in August of last year.
