Series B funding round: abl social federation GmbH has more than doubled its company valuation since funding its Series A in 2016 (FOTO)

Nuremberg (ots) - Nuremberg-based abl social federation GmbH is a highly
innovative scale-up that has become a successful international company. Since
the first round of financing in 2016, the company valuation has more than
doubled to EUR 42 million, the number of employees has increased fivefold times
and sales almost tenfold.

"I am proud of the success of the Series B round of investment, which speaks
volumes for the work put in by the team. With our investors behind us and the
new prospects opened up, we will push forward the internationalization process,
optimize the existing product portfolio and develop and implement new solutions
for the growing digital market," says Benjamin Akinci, CEO and founder of abl,
about the company's new valuation.

Thanks to its unique partnership with Cisco Systems, innovative products and
services, abl is known as a specialist for managed hotspot services - currently
managing an infrastructure of almost 13000 access points in Germany with more
than 200 million user accesses to wireless networks. Another 25000 access points
have been contracted and will follow as abl emerges as a flexible and creative
partner for marketing and WLAN solutions. Founded in 2013, besides well-known
customers such as the State of Berlin, the German Armed Forces, the Association
of Savings Banks, abl counts various data centers, public utilities and
transport companies among its business partners.

Along with the internationally patented Omni Channel Marketing Platform (OCMP),
abl has also developed an open platform that allows its customers to learn more
about the users of the open WLAN at the respective point of sale. With their own
content or advertising (pop-ups) during log-in, wireless networks create
additional added value that abl partners can successfully monetize. In addition,
OCMP can bundle and process additional sensors, hardware components and data
smartly together (GDPR-compliant). For this innovation abl has been awarded the
German Digital Leader Award for "Rethink Marketing".

The capital raised in Series B will be used for the expansion of strategic
partnerships and the further internationalization of the company through a new
representative office in the United States. In Germany, abl will continue to
work on the digitalization of the infrastructures in order to successfully shape
future projects such as autonomous driving, while OCMP will be further expanded
into an AI-controlled data warehouse.

About abl: abl social federation GmbH (abl) was founded in Middle
Franconia/Nuremberg in 2013 with the aim of offering its customers a
high-quality, reliable and innovative WLAN service. Today, abl is a full-service
operator of mobile and immobile WLAN infrastructures in public spaces (public
wireless & public transport networking), but also for enterprise-critical
networks with high demands on security. Further priorities in the abl portfolio
are data analytics concepts and monetization models with the help of the
Omni-Channel-Marketing-Platform.

Today abl employs 70 people from more than a dozen different nations, has
partners in Europe, Asia and the USA, is GDPR-compliant, is an eduroam
registered provider and is ISO 9001 certified.

Homepage: https://www.abl-solutions.com/?lang=en

Contact:

Britta Simon
John Warning Corporate Communications GmbH
T: 0049 (0)40 533 088 84
M: b.simon@johnwarning.de

Additional content: https://www.presseportal.de/pm/142401/4545662
OTS: abl social federation GmbH

Original-Content von: abl social federation GmbH, übermittelt durch news aktuell