Deutsche Telekom has invested $25 million in Teridion Technologies, a cloud connectivity software start-up that the operator has been working with since early 2022, to strengthen its connectivity offering to enterprises.
Per the deal, Matthias Budde, Deutsche Telekom’s SVP of group strategy and transformation, will join Teridion’s board.
Srini Gopalan, Deutsche Telekom board member for Germany, said the investment carries dual importance for the operator: “Investing in this start-up is economically attractive. We believe Teridion will become a leader in cloud-based connectivity,” said Gopalan. “In addition, with Teridion’s product portfolio, we offer our customers the best connectivity currently available via the cloud.”
