Good Technology Secures $27 Million in Funding; Broadview Capital Partners Leads Round, Joining Kleiner, Perkins, Caufield & Byers and Benchmark Capital.Good Technology, the technology leader in enterprise mobile computing Using a computing device while in transit. Mobile computing implies wireless transmission, but wireless transmission does not necessarily imply mobile computing. Fixed wireless applications use satellites, radio systems and lasers to transmit between permanent objects such as buildings , today announced that it has raised approximately $27 million dollars in series C funding from financial investors, led by Broadview Capital Partners. Existing investors including Kleiner, Perkins, Caufield & Byers and Benchmark Capital Benchmark Capital is a venture capital firm responsible for the early stage funding of some very successful startups, including eBay. In 1995, the firm invested $6.7 million in eBay, which became worth more than $5 billion by the spring of 1999 and resulted in one of Silicon participated on a pro-rata basis. The funds will allow Good to further accelerate its market penetration Noun 1. market penetration - the extent to which a product is recognized and bought by customers in a particular marketpenetration - the act of entering into or through something; "the penetration of upper management by women" and product development schedules. "We believe that Good's wireless data system has the potential to be to email and corporate data as the cell phone is to voicemail and telephony," said Steven Brooks, managing director of Broadview Capital Partners, who has joined Good's board of directors. "The universally positive feedback we received about Good from its customers and partners gives us confidence that Good can meet this need for the growing number of corporations we expect will reach the same conclusion." "With this investment, Good is strongly positioned to serve our growing base of demanding enterprise customers," said Danny Shader, 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. of Good Technology, Inc. "This round allows us to invest more aggressively in the capabilities that our customers value, and in the development of sales channels required to reach a broader base of GoodLink subscribers." GoodLink provides mobile enterprise workers with the only industry standards-based, cradle-free, continuously synchronized wireless connection to Microsoft Exchange Server Microsoft Exchange Server is a messaging and collaborative software product developed by Microsoft. It is part of the Microsoft Servers line of server products and is widely used by enterprises using Microsoft infrastructure solutions. (R)-based data so they can instantly access corporate email, contacts, calendar, notes and tasks when they are away from their desktops. In addition, Good's GoodInfo corporate information system makes it easy for wireless handheld users to access Web-enabled corporate applications such as SAP, Oracle, Siebel, Manugistics, and Cognos, as well as corporate and public Web sites. About Broadview Capital Partners Broadview Capital Partners is a $250 million private equity investment fund focused on later-stage growth equity investments, management buy-outs and recapitalizations in the IT, communications and digital media industries. Formed in 1999, the fund is sponsored by Broadview International, a leading global M&A advisor for these industries. About Good Technology Good Technology is an innovator in enterprise mobile computing that provides wireless software, services, and handhelds. The company's GoodLink(TM) system is an always up-to-date, cradle-free system for wirelessly connecting mobile workers with valuable enterprise e-mail and data stored in company servers. GoodLink software and services run on multiple device types, freeing customers from the vendor lock-in In economics, vendor lock-in, also known as proprietary lock-in, customer lock-in, lock-in is where a customer is dependent on a vendor for products and services and cannot move to another vendor without substantial switching costs, real and/or perceived. of competitors' proprietary systems. As a result, more than 750 companies have selected GoodLink. Good Technology is located in Sunnyvale, Calif., and was founded in March 2000. For more information call 1-866-7-BEGOOD and select the option for sales, email sales@good.com or visit www.good.com. NOTE: Good, Good Technology, the Good logo, GoodLink and GoodInfo are trademarks of Good Technology, Inc. All other trademarks are property of their respective holders. CONTACT: Patricia Pane of Good Technology, Inc., +1-408-400-4802, or ppane@good.com; or Julia Blystone for Good Technology, +1-415-392-8282, or julia@outcastpr.com. CONTACT: Patricia Pane of Good Technology, Inc., +1-408-400-4802, or ppane@good.com; or Julia Blystone for Good Technology, +1-415-392-8282, or julia@outcastpr.com Web site: http://www.good.com/ |
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