PointGuard Ventures Leads $13M Financing Round For Movius Global Expansion Of Converged Messaging And Mobile Identities
Movius Is First Mobile Investment For New Silicon Valley VC Firm
MENLO PARK, Calif., July 24, 2014-- PointGuard Ventures a new Silicon Valley venture capital firm, leads a $13M financing round for Movius Interactive Corporation, the Atlanta based global leader in mobile identities and converged messaging solutions, it was announced today. New Enterprise Associates (NEA) and Anschutz Investments also participated in the round. Movius is the first mobile investment from PointGuard's new fund, and will be used to fulfill and accelerate the company's global expansion associated with their next generation mobile applications platform known as CAFÉ (Communication Applications Framework Engine) and myIdentities, a patented market-leading application.
"Over 150 global carriers have already partnered with Movius, and we have several major partnership announcements coming later this year," said Dominic Gomez, CEO of Movius. "Our market leading CAFÉ platform and myIdentities application are providing new, seamless multiple identity management solutions on a single mobile device, and this round of funding will help drive both market growth and innovation velocity for us. It's very rewarding to bring this prestigious group of investors on board to accelerate expansion and position the company for global leadership."
A holistic multiple identities management service is setting Movius apart in this space, which is projected to grow to a market of over $20 billion USD over the next two to three years. The company's patented myIdentities solution is proving a compelling approach to thoughtfully address this burgeoning market without any need for multiple handsets or any dependence on existing or multiple SIMs. Its applicability in the consumer/SOHO/small enterprise space, as well as the medium to large enterprise markets, is expected to drive significant growth for the company going forward.
"Movius is already becoming a new industry standard almost simultaneously in support of a massive new global communications segment, and in fact their technology and leadership are helping to shape and define it as it is happening," said Krish Panu, Managing Director of PointGuard Ventures. "Movius' leadership continues to drive dynamic international market and revenue growth in the 'Identities as a Service' market, and harmonizing the seamless management of personal communications in all aspects of an individual's professional and personal life. We couldn't be happier making Movius our first mobile investment and will be making additional announcements to our portfolio in the coming months."
Movius Interactive Corporation is a recognized leader in messaging and call completion solutions for telecommunication providers around the world. Its applications for converged messaging and mobile identities enable service providers in developed and emerging markets to increase ARPU and market share. By continually innovating new services, Movius delivers its mission of Personalizing Communications. For more information about Movius Interactive Corporation visit http://www.moviuscorp.com.
About PointGuard Ventures
PointGuard Ventures, founded by Krish Panu and Pete Thomas, both Silicon Valley venture capitalist veterans with 35 years of venture and operating experience, invests in dynamic new technology companies to create new market opportunities or to solve problems in existing markets more cost effectively. Their venture experience spans over 50 startups, 12 IPOs, and many successful M&A transactions. PointGuard's new fund will invest in software, networking, and hardware to provide "technology convergence" solutions to many of today's markets including Mobile Commerce, Cloud Computing, Greentech, Point-of-Care medical, Education, and applied Data Analytics. The fund strategy is to invest in a mix of companies in need of Series A & B funding, and in select later stage investments that are based in the US with the potential for early global market entry. For more information about PointGuard Ventures, visit www.pointguardventures.com.
For press or analyst inquires, please contact:
Cherie Le Penske
D: 206.852.8427 or Cherie@lpgink.com
Venture Capital Database