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mFormation Technologies Inc. CEO Mark Edwards says, "Mobile communication
devices and networks are no longer exclusive for simple voice calls. They have
grown from e-mailing & gaming to become a full fledged corporate computing
device. It's imperative for mobile operators to adopt cutting edge technology
to streamline their data services strategy and secure incremental revenues."
mFormation
has drawn in a total investment of about
$50 million, after closing a Series D round
of $24.5 million in April 2006. In the initial
series D funding, the company had raised
$15.3 million from the same investors. Existing
investors Alex Brown Venture Partners, Battery
Ventures, Carmel Ventures, Intel Capital
and North Bridge Venture Partners participated
in this financing, adds the release.
mFormation
Technologies Inc. is a provider of mobile device management software, offering
a solution that enables mobile operators to rapidly accelerate their data revenues
and reduce support costs. mFormation's market-leading mFormation Sevice Manager
Suite is a comprehensive over-the-air device management software solution in the
industry.A modular solution, the suite enables mobile operators to remotely configure
settings and new services, diagnose faults, update firmware and software, monitor
customer experience and secure device content throughout the subscriber lifecycle. |