Funding used to fuel the growth of managed mobility services
CLEVELAND, May 16, 2012 /PRNewswire/ – Vox Mobile, a leading provider of managed mobility solutions for the enterprise, today announced that it has completed a $7.5 million growth round of funding led by Edison Ventures, a New Jersey-based venture capital firm with a focus on expansion-stage, information technology companies. Edison limited partner, Permal Capital also participated in the financing round. Vox Mobile’s new financing will accelerate expansion to meet the high demand for its enterprise managed mobility services.
“As enterprises face growing complexity and challenges with mobility, the demand for managed mobility services continues to explode. We believe Vox Mobile will continue to capture a large share of this emerging growth market with its industry-leading managed mobility platform and services,” said Sever Totia, Principal at Edison Ventures and newly appointed member of Vox Mobile’s Board of Directors. ”Vox Mobile fits well with Edison Venture’s investment strategy in Mobility and focusing on expansion-stage information technology companies with exceptional management and market leadership.”
Vox Mobile provides a comprehensive suite of management mobility services that are enabled with an industry leading management platform that makes it easy for enterprises to deploy, manage, secure and support mobile devices of all types. Vox Mobile’s products and services help enterprises deal with the growing complexity of enterprise mobility driven by the growth trends that include consumerization of IT, bring your own device (BYOD), adoption of tablets in the enterprise and the growing diversity of mobile platforms and operating systems.
“It’s been a phenomenal year for Vox Mobile. Our revenue has doubled and we’ve experienced unprecedented growth in customers across a broad set of vertical industries, including financial services, legal, manufacturing, energy and business services,” said Kris Snyder, CEO of Vox Mobile. “We believe that this is the tip of the iceberg as enterprises start to tap into the transformative capabilities of mobility.”
More at www.voxmobile.com