Utah-based start-up secures backing from Epic Ventures and individual investors
Salt Lake City, Utah, April 3, 2013 – MokiMobility, a Utah start-up that provides a cloud-based platform for managing, monitoring and securing tablets and smartphones including mobile point-of-sale devices, has raised $2 million in seed funding. The investment will be used to expand the MokiMobility platform, further solidifying MokiMobility as the leading platform for managing, monitoring and securing mobile point-of-sale and other mobile solutions for retail, restaurant and hospitality markets.
The $2 million round of funding was lead by investment firm Epic Ventures. Additional individual investors include Spencer Tall, Partner at Allegis Capital and Tyler Smith at Fusion-IO.
“As companies rush to deploy mobile devices for customer-facing applications, particularly as mobile point-of-sale terminals, the need to properly secure, manage and monitor these devices becomes ever more urgent,” said Tom Karren, CEO of MokiMobility. “With this investment, MokiMobility is positioned to expand our platform to better enable developers, merchants and solutions providers with the security, monitoring and management their innovative solutions require.”
This multi-million dollar investment comes on the heels of a recent report from RIS, which cites 52 percent of U.S. retailers are planning to add tablets as purposed devices within the next 24 months and 32 percent within the next year. Additionally, 42 percent of U.S. retailers are planning to implement ruggedized handhelds, such as the iPod touch.
“MokiMobility is positioned to provide a solution for a huge market opportunity for cloud based management and security of mobile devices being used for specific purposes,” said Nick Efstratis, Partner at Epic Ventures. “I’m excited to see what the next year will bring and believe MokiMobility will set itself apart as the market leader in secure purposed mobile solutions.”
Based in Salt Lake City, Utah, MokiMobility is the first cloud platform for managing, monitoring and securing purposed mobile devices and mobile point-of-sale solutions. Independent software vendors (ISVs) and solution providers can integrate the management and monitoring features of MokiManage directly into their own tablet solutions running on the iPad, iPod Touch and Android devices. As a result, tablet solution customers have greater control over the complete experience, enabling more engaging and new customer experiences leveraging iOS and Android tablets in new ways. For more information visit www.mokimobility.com or follow MokiMobility on Twitter: @mokimobility.