Beijing-based Channelsoft Technology Co. Ltd. has received a second round of venture capital for an undisclosed amount from a syndicate led by first round investor Softbank Asia Infrastructure Fund (SAIF). SAIF did not respond to CVN about details on the amount of the investment. The company was founded in 2000 and now has over 400 employees. The initial funding of $31.1 million was provided by SoftBank Asia Investment Fund, Walden International, and China Science & Merchants.

Since China is the largest telecom market in the world, industry observers recognize that value-added services will be the revenue generators of the future. But the complex network environment makes it difficult for carriers and information providers to come together. ChannelSoft's Unified Service Technology business model is focused on making the process easier and cost-efficient by giving them a single platform. China's telecom giants---China Telecom, China Mobile, and China Netcom---are signed up as clients, but the real test for ChannelSoft will be whether it can get its technology to become the industry standard.

Red Herring recognized it as one of Asia's top 100 communications. And adding more impetus for Channelsoft shareholders, just last month, at the PT./EXPO COMM China 2005, Intel and Channelsoft held a press conference signaling their strategic cooperation for VAS.

No doubt, these developments helped make Softbank's investment decision easier.