Integrated Mobile Completes Equity Financing to Support Growth Strategy
September 27, 2006
Integrated Mobile Completes Equity Financing to Support Growth Strategy. Check it out:COLUMBUS, Ohio --(Business Wire)-- Integrated Mobile, Inc. ("the Company"), a leading wireless managed mobility services provider, today announced that it has closed on a $5 million equity capital investment transaction with Enhanced Equity Fund LP, a NY-based private equity investment company. Additional financial details of the transaction were not disclosed.
"We are delighted that Enhanced Equity Fund LP has become an investor in Integrated Mobile and believe this is a strong endorsement for our company, its management team, and our prospects for growth," said Integrated Mobile CEO Jay Highley. "This capital will allow us to make the investments in our infrastructure, people and processes to continue offering our clients best in class service while managing our phenomenal growth. Our proven services solution, which delivers complete visibility and control to business enterprise users of wireless devices and services, has allowed us to consistently exceed our customers' expectations and enjoy exceptional growth - and something we expect will continue in the future."
Highley added, "Our solution helps businesses reduce their total cost of wireless ownership by 20-40%, provides a single point of contact for all wireless services across multiple carriers, improves the overall quality of administrative and end user support -- all while simplifying the management of wireless devices and services. The demand has been so strong for our solution that, on average, our revenue base has grown more than 50% quarter over quarter since our founding and we now serve over a quarter of the Fortune 1000 companies. This new capital will ensure that we stay ahead of customer requirements and deliver value-added services that contribute to our customers' success."
About the Company
Integrated Mobile, headquartered in Columbus, OH, is a leading managed wireless services company that uses Six Sigma methodology to globally deliver a proven, end-to-end management solution for the enterprise's entire wireless lifecycle, including device fulfillment and configuration, training, asset management, bill optimization, reporting and 24/7 end-user support. The Integrated Mobile solution helps businesses reduce their total cost of wireless ownership by 20-40%, provides a single point of contact for all wireless services across multiple carriers, improves the overall quality of administrative and end user support -- all while simplifying the management of wireless devices and services. For more information about us, please visit www.integratedmobileinc.com.
About Enhanced Equity Fund LP
Enhanced Equity Fund LP is a $205 million private equity investment company focused on service companies in the healthcare, communications and technology sectors.
Related Tags: integrated mobile, enhanced equity, wireless services, devices services, wireless devices, wireless
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