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Dexterra Secures $21.5 Million Funding Round Led by New Enterprise Associates Investment Round to Provide Continued Growth for Market-Leading Mobile Enterprise Application Platform and Software Provider BOTHELL, WA--(MARKET WIRE)--Oct 2, 2008 -- Dexterra, Inc., a leading provider of software
to automate and manage mobile workforces, today announced
the close of
$21.5 million in funding. New Enterprise Associates led
the round with
additional investment from the company's existing investors
Canaan
Partners, Intel Capital, Mesirow Financial, Motorola Ventures
and Sigma
Partners. This round of funding will support the advancement
of Dexterra's
mobile business platform and applications, strong partner
and wireless
carrier ecosystem and future opportunity in one of the fastest-expanding
segments in the enterprise software market. Dexterra's support
by the
investment community comes as it has experienced double
digit percent
growth year-over-year, as evidenced by Deloitte's recent
top-10 ranking of
Dexterra in its Technology Fast 50 program. "With this additional round of financing we aim to continue driving the direction of the mobile enterprise software market and reinforce our position as the leading provider of mobile business platform and applications," said Michael Liebow, chief executive officer, Dexterra. "Reinvestment in the company from the existing investors demonstrates their continuing support in our team, technology, business vision and the overall market opportunity for advanced mobile business software that help organizations maximize their enterprise application investments through mobility." "Today's challenging economic environment makes deciding which companies to invest in more difficult than ever," said Scott Sandell, General Partner at New Enterprise Associates. "We've been closely watching the growth of enterprise mobility and Dexterra is well positioned as a market leader. We are impressed by Dexterra's revenue traction in both enterprise and carrier markets, strong suite of products targeted at growing markets and unwavering dedication to product excellence and customer success." About Dexterra The business mobility company(TM). Dexterra provides a broad portfolio of mobile applications built on its open mobility platform, Dexterra Concert(TM), that enables businesses worldwide to manage and optimize their mobile workforces. Dexterra supports the largest selection of mobile devices and integrates with the widest range of enterprise back-office systems in use today. Dexterra's end-to-end solutions help companies large and small experience rapid deployments, greater returns, higher customer and user satisfaction, and a longer lifespan over any other competing solution. Dexterra has operations in the Americas, Europe, Middle East and Asia Pacific and a vast network of global partners including Accenture, AT&T, IBM, Motorola, RIM and Telstra. For more information, visit www.dexterra.com. ©2008 Dexterra, Inc. All Rights Reserved. "Dexterra" is a registered trademark, and "Concert" and "The Business Mobility Company" are trademarks of Dexterra, Inc. Contact: MEDIA CONTACTS:
North America & Global
Sophie Vu
Dexterra, Inc.
+1 650 249 5909
Email Contact
Pam Ferguson
Candelori Communications, Inc.
+1 408 358 7225
Email Contact
EMEA
Rik Salmon / Tom Kirkham
Johnson King
+44 207 401 7968
Email Contact
Source: Dexterra, Inc.
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