Vox Mobile Announces Completion of $7.5 Million in Financing Led by Edison Ventures

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."

For more information, please visit Vox Mobile at www.voxmobile.com, follow the company on Facebook and on Twitter.

About Edison Ventures

Established in 1986, Edison partners with entrepreneurs, service providers and other financing sources to build successful companies.  Edison provides capital and value-added services to growth stage ($5 to 20 million revenue), information technology businesses. Initial investments range from $5 to 10 million. Edison typically serves as sole or lead investor. In addition to providing expansion capital, Edison funds management buyouts, recapitalizations, spinouts and secondary stock purchases.

Edison's investment professionals are based in Lawrenceville, NJ, New York, NY, McLean, VA, Needham, MA, and Cleveland, OH.  Industry specialties include Financial Technology, Healthcare IT, Interactive Marketing and eCommerce and Enterprise 2.0.  Edison's successes include Cambridgesoft, Dendrite, Gain Capital, Liberty Tax, Marcam, M5, Mathsoft, Neat, Octagon, PlumChoice, Tangoe, Virtual Edge, Visual Networks, Vocus and many other information technology leaders, which have a combined market value exceeding $5 billion. Edison Ventures currently manages over $900 million and actively making new investments. For more information on Edison Ventures, please visit www.edisonventures.com and follow us on Twitter @edisonventure.

About Vox Mobile

Since 2004, enterprises in North America and around the globe have come to rely every day on Vox Mobile solutions to ensure their mobile connected workforces are productive, their mobile data is secure and their business models are benefiting from business anywhere capabilities. Vox Mobile has been a leader in defining mobile IT services since becoming the very first RIM-certified systems integrator.  As founding members of the Global Enterprise Mobiles Alliance (GEMA): a collection of top mobile services companies on each continent, Vox Mobile is able to provide companies with both local account management and global, multi-lingual services.  For more information visit www.voxmobile.com.

Media Contacts:
Jeff Fugitt              
Vice President, Marketing
Vox Mobile
v. 512.653.8295
e. [email protected]

SOURCE Vox Mobile

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