Enfora Closes $19 Million in Venture Financing.Kodiak Venture Partners and Adam Street Partners Co-Lead the Round PLANO, Texas Plano (IPA: /ˈpleɪnoʊ/) is a wealthy suburb of Dallas, Texas, located to the north, mainly within Collin County, but also extending into Denton County. According to the 2000 U.S. -- Enfora, a radio module developer in the wireless data communications data communications, application of telecommunications technology to the problem of transmitting data, especially to, from, or between computers. In popular usage, it is said that data communications make it possible for one computer to "talk" with another. market, today announced it has raised $19 million of growth equity. Enfora was formed as an independent company in 1999. This is the company's first round of institutional equity capital. Enfora, which has grown at nearly 100 percent annually for several years, will use the investment to expand sales and marketing to meet the worldwide need for its wireless products. Dave Furneaux of Kodiak Venture Partners and Tom Dolson The Dolson was an automobile manufactured in Charlotte, Michigan by the J.L. Dolson & Sons from 1904-07. They later changed the company name to the Dolson Automobile Company. The Dolson was a large car with a 60 hp engine. of Adams Street Partners will both join Enfora's board of directors. "We are excited to work with Dave and Tom both because of their success in building companies and their deep understanding of our industry," said Mark Weinzierl, Founder, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. and President of Enfora. Enfora's family of GSM/GPRS/EDGE and 802.11 products enable remote access to mission-critical data, files and applications. Enfora primarily serves Original Equipment Manufacturers (OEMs). Its main markets include enterprise, telemetry telemetry Highly automated communications process by which data are collected from instruments located at remote or inaccessible points and transmitted to receiving equipment for measurement, monitoring, display, and recording. and location based tracking solutions. Additionally, the company manufactures its own line of wireless devices for the enterprise and machine-to-machine (M2M M2M Machine-to-Machine (communication, mainly mobile) M2M Minutes to Midnight (Linkin Park album) M2M Mobile to Mobile (cellular phone) M2M Member-to-Member M2M Month to Month ) markets. "Mark is precisely the type of leader we like to back," said Tom Dolson, Partner at Adams Street Partners. "He has proven skills and an insightful view of the marketplace." "Enfora is well on its way to dominating an extremely important and high-growth marketplaceCoit has the right technology and leadership, and an impressive customer list," said Dave Furneaux, Founder and Managing General Partner of Kodiak Venture Partners. "We look forward to working closely with this exceptional team through this next growth phase." About Enfora Enfora's family of wireless products allows customers to use and send data wirelessly, instantly and easily. Its products serve both the enterprise and consumer markets, and support various applications, including voice communication, Telematics, Machine-to-Machine (M2M), and wireless connectivity for PCs and PDAs. The company's customers include such industry leaders as Texas Instruments See TI. (company) Texas Instruments - (TI) A US electronics company. A TI engineer, Jack Kilby invented the integrated circuit in 1958. Three TI employees left the company in 1982 to start Compaq. , Silicon Labs, Global Locate and Intrinsyc. For more information, visit www.enfora.com. |
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