ATLANTA, GA, Global provider of cloud-based enterprise mobility solutions, Movius announced a $15 million Series C round.
The round was led by PointGuard Ventures with additional investors from family offices in the U.S. and a leading private equity management company in Asia. Existing investors New Enterprise Associates and Anschutz Investment Company also participated in this round.
This new funding will serve as growth capital to allow Movius to invest in expansion and innovation in order to serve existing contracts and to increase subscribers on the Movius platform, currently 50 million users strong.
"We are very pleased with the major contracts we have signed, as well as the acceptance of our technology and platform by several leading enterprises and carrier partners such as Telefónica and Sprint," said Krish Panu, CEO, Movius. "This funding will allow us to invest in our platform to expand our Multi-Line offerings, helping companies communicate easily, save money and meet regulatory compliance standards."
The investment caps a year of growth for Movius, as the Company's platform has been selected and deployed across various carriers on multiple continents, and its subscriber growth is ramping up. Movius Multi-Line is a cloud-based communication service that seamlessly integrates into enterprises' existing systems and platforms. Multi-Line allows businesses to add a secure company number to an employee's business or personal mobile phone with rich features such as data metering and mobile recording to ensure corporate and regulatory compliance. The patented technology allows the services to work across all global carrier networks while utilizing the cellular voice, data, and WIFI channels, ensuring the highest quality of service and reliability.
"As the demand for 'Bring-Your-Own Device' (BYOD) and second-line services has grown, Movius has been able to expand their platform's capabilities into multiple market segments and several continents," Panu added. "We are looking forward to signing several new contracts and continuing our accelerated growth in the next few quarters."
Movius is a global provider of cloud-based enterprise mobility solutions that help streamline enterprise productivity and communications costs, while addressing the needs for corporate compliance. The company's powerful applications help businesses and end-users organize and analyze their enterprise mobile communications experience through separate, high-quality work mobile phone lines on any BYOD or COPE device. The Movius platform serves more than 50 million people worldwide and is the platform of choice for some of the world's largest mobile carriers. Backed by PointGuard Ventures, New Enterprise Associates and Anshutz Investment Company, Movius is headquartered in Atlanta, GA, and has five offices worldwide. To learn how to solve your enterprise communications needs visit www.moviuscorp.com, or follow our updates on LinkedIn (www.linkedin.com/company/movius-interactive-corporation) and Twitter @MoviusCorp.
>> Click here for in-depth research on 9,000 startups and 5,000 VC investors
(c)2011-2020 by Massinvestor, Inc. For contact info, please check out our about