Hotsip AB Raises EUR 3 Million from Japanese Customer

Hotsip AB, a start-up based in Stockholm, Sweden, raised EUR 3 million in new funding from Bell Net Corporation, a Japanese systems integrator and one of Hotsip's customers. Hotsip is a developer of SIP enabled presence applications for broadband networks. Hotsip currently has two large-scale live deployments, the first being in Finland with TeliaSonera and the second in Japan. The Bell Net investment values Hotsip at EUR 30 million. Other investors in Hotsip include 3i, Argnor and Ledstiernan.
http://www.hotsip.com