Royston ‘to spend $1bn’ on acquiring cloud software for telecoms
A company run by public cloud evangelist Danielle Royston has raised US$1 billion to support the acquisition, development and cloudification of software products for the telecoms market.
Her company, TelcoDR, it has already bought a number of assets from telco software company Zephyrtel, and her Telco Transformation Fund will acquire other telco software products and pivot them to the public cloud.
“With my Telco Transformation Fund, I’m building a library of software products purpose-built for the public cloud,” said Royston (pictured), who was CEO of Optiva until June 2020.
Acquired assets will be overseen and operated by Skyvera, a subsidiary of TelcoDR, which will provide communication service provider customers with the software offerings they need on their public cloud journey.
Royston said: “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.” She was shortlisted for the 2020 Global Women in Telco & Tech Awards.
Royston said that Skyvera will provide customers of acquisitions “ongoing support, product innovation, and a path to leverage public cloud-native software, allowing them to unlock all the benefits that this revolutionary technology provides”.
Acquired customers will join an innovative membership programme – the Skyvera Cloud Club – that gives them complimentary access to a continually growing library of telco enterprise software solutions.
She added that customers’ current spend with Skyvera will automatically entitle them to an equal amount of Cloud Club credits that can be applied to each library offering.
Industry veteran Matt Taylor, formerly of Oracle and Matrixx Software, will lead Skyvera as CEO. His LinkedIn entry shows he joined TelcoDR in February 2021 as managing partner and Skyvera in July as CEO.
“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.”
He said that many telecoms service providers “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.”