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Our Bureau

Hyderabad , Sept. 28

ROAMWARE Inc., a roaming solution provider for mobile communications, has announced it has raised $14 million. The funds will be used to enhance product line and strengthen global operations to support demand for mobile roaming products.

The company's previous investors, Accretive Technology Partners, DCM - Doll Capital Management and Shelter Capital Partners, co-led this growth-oriented round.

Founded in 2001, Roamware serves more than 180 networks across 73 countries and more than 400 million mobile consumers. The development and support is handled out of India, according to a press release.

According to global market research from Informa Telecoms & Media's 2005 Global Roaming Report, wireless network operators plan to continue aggressively rolling out roaming solutions, building on an estimated $78 billion in roaming revenues from an estimated total roaming population of 207 million.

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