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PRESS RELEASE Investment Signals Rapid Industry Adoption of @hand Platform to Power Next Generation of Applications in the Mobile Enterprise PC EXPO, NEW YORK, June 28 /PRNewswire/ -- @hand, a leading provider of software infrastructure for mobile enterprise applications, today announced the closing of its first institutional and venture funding round for $18.7 million. The investment represents validation by industry leaders of the value the @hand platform brings to the growing number of companies seeking to rapidly develop, deploy, manage and evolve applications for mobile workforces using wireless and handheld devices. Investors include Oak Investment Partners, Austin Ventures, Nokia Venture Partners and Broadview Associates. @hand will use the funds to further develop and promote its suite of products that enable businesses to extend existing information systems into the hands of their mobile workforce. @hand's venture capital partners recognized an
opportunity to invest in a
leader in the mobile marketplace. "@hand's innovative solution provides
an
excellent opportunity for corporations to empower their mobile workforce
with
applications and associated data whether connected, disconnected or intermittently connected," said Ann Lamont, General Partner of Oak
Investment "We are very excited to secure these world-class investors," said Marc Lurie, CEO of @hand. "Oak Investment Partners, Austin Ventures and Broadview bring tremendous expertise in managing high-growth businesses that drive industry standards. In Nokia Venture Partners, we found a partner who sees the value of @hand's platform and its strength to address the mobile applications market. Fortune 5000 businesses will now have an easy to use and powerful platform enabling them to leverage mobile applications across the entire scope of their enterprise." One of the major challenges facing companies today is how
to leverage huge
investments in their existing information systems by extending those systems
into the hands of their mobile employees in the performance of their jobs.
The
@hand Mobile Application Environment(TM) significantly increases deployment
speed and flexibility for companies seeking to create mobile applications.
The
@hand environment includes a rapid application development capability, a
powerful administration console for remote deployment and centralized
management, and a transaction-based framework for integrating with back-end
systems. These combined features translate to a fully-managed mobile
computing (Dedicated to providing comprehensive information to mobile computing community of IT professionals, user organizations, and vendors) |
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