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Record fiscal year for 2operate

Tuesday, August 30, 2016 by 2operate

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After a general board meeting on the 23 August 2016, 2operate gladly announced a profit of DKK 2 million in the fiscal period of 2015/2016 which is the highest result so far. The company is going through a very positive period alongside establishing a new and stronger organization ready to grow globally.

2operate was established seven years ago and it is currently experiencing a sustainable development. As a company which provides software for network troubleshooting to mobile operators, 2operate has established its competitiveness and competences in a niche market such as the OSS. The company's financial report points out a surplus of DKK 2 million during 2015/2016 compared to DKK 347.000 from the last fiscal year. The gross profit is estimated to be DKK 4.6 million generated mainly by the current customers located in the northern part of Europe.

At Mobile World Congress (MWC) 2016 in Barcelona, 2operate presented version 3.0 of its main product 2solve. This version exploits Big Data technology in order to achieve better responding time suitable for bigger and more complex networks. Few months later, in August, version 3.1 is to be released which includes a number of new clever features.

During the previous year, 2operate has also been working in a close cooperation with the European Space Agency (ESA) on a leading project dedicated to discovering the opportunities of using satellite networks for Internet-of-things (IoT). This is the third project which certainly will open new doors for the company.

Moreover, since the beginning of 2016, the company has a new CEO, namely Christian Ingerslev Sørensen while the previous CEO and Founder Lars Moltsen became a Chief Science Officer. With solid experience in the telecom and IT, MBA and engineering degrees, Christian's focus is on strategic and organizational improvements of 2operate. "It has been a very satisfying and successful year for 2operate", says Christian Ingerslev Sørensen, "We are working closer to our customers in Scandinavia and the Baltics while we develop our product. With a global perspective, we expect to conquer territories outside of Europe already this year".

About 2operate

2operate belongs to a new generation of specialized innovators in a market for network and customer management software. By exploiting advanced mathematics, latest advances in software engineering, and effective data visualization, 2operate enables mobile service providers to operate better networks at lower cost.

2operate was founded in 2009 by a team of experienced telecom executives and software experts to commercialise IPR developed under two European research projects on network automation. 2operate builds upon a strong combination of core technical skills and telecommunications business processes understanding. The company mission statement is "Simplifying
Troubleshooting" and we believe this is exactly how our solutions differentiate.

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