Welcome!

News Feed Item

TigerText Caps Record Year with $21 Million Series B Investment to Accelerate Market Penetration

TigerText, the leader in secure, real-time messaging for the enterprise, today announced it closed a $21 million series B round of funding. The investment round was led by Shasta Ventures who was joined by OrbiMed, Reed Elsevier Ventures, and TELUS Corporation, along with returning Series A investors, Easton Capital, New Leaf Venture Partners, and New Science Ventures.

“We are very excited to collaborate with companies that are changing – and shaping – the future of mobile communication,” said Sean Flynn, Partner at Shasta Ventures. “TigerText is one of the first companies that meets the critical needs of enterprises when it comes to providing a secure, easy-to-use vehicle for communicating in real-time.”

“2013 marked a year of strong growth for us,” said Brad Brooks, Co-Founder and CEO of TigerText. “This new capital will help support our continued expansion efforts and fuel future growth as the demand from enterprises for our secure mobile messaging solution accelerates."

In 2013, TigerText achieved its third consecutive year of triple-digit sales growth, as sales climbed more than four times the previous year. Working with 7% of the Fortune 500 companies and dozens of the top 100 hospitals in the U.S, the number of new TigerText customers grew by triple digits, while customer retention remained greater than 95%. The Company’s rapid growth can be attributed to enterprises adopting TigerText’s security-driven messaging solution to safeguard their communications, improve collaboration, and comply with industry regulations.

Through the TigerText app, staff and colleagues can securely message each other from any smartphone, tablet or computer within an environment that can be managed by the enterprise. TigerText addresses the increased proliferation of SMS into workplace conversations that are not industry compliant and can pose data breach risks to companies.

“I’m impressed by both the innovation they have brought to the market, and how well they have executed,” said Steve Yecies, Venture Partner at OrbiMed. “TigerText has the team, technology and vision to scale within the mobile messaging space and has a strong record of success with their customer acquisition model and remarkable sales growth.”

Key TigerText achievements in 2013 include:

  • Customer Growth: TigerText’s customer base saw expansive growth across enterprise markets, with particular strength in healthcare. New large healthcare customers included Wellcon, Adventist Health, Hartford Healthcare, Danbury Hospital, Hoag Health Network, University of Connecticut, Doylestown Hospital, Health Alliance and more.
  • Product Innovations: With the launch of its freemium product, TigerText onboarded more than 10,000 businesses during its 8-week soft launch. To date, more than 3 million users have downloaded the TigerText app and are benefiting from its patent-pending secure and ephemeral messaging capabilities.
  • Major Partner Integrations: TigerText fully integrated with several technology partners including PointClickCare, the most widely used EHR (electronic health record) platform in the long-term care market and AMiON, the healthcare industry’s leading on-call scheduling software. PointClickCare customers can now access TigerText directly from their EHR console, while AMiON users can find out who is on-call and communicate with providers via both the TigerText app and AMiON web portal.
  • Revenue Growth: TigerText achieved significant marketing traction with sales growth quadrupling in 2013. Additionally, pre and post-sales continue to drive expansion and growth opportunities for TigerText and its channel partners heading into 2014.
  • New Board Members: TigerText announced the addition of Cornerstone OnDemand (NASDAQ: CSOD), Co-founder and CFO, Perry Wallack and Dr. Andrew Brooks to its board of directors as the company enters its next phase of growth.
  • Enterprise Adoption in BYOD Environments: With mobile device diversity and management forecasted by Gartner as the number one strategic technology trend for 2014, organizations turned to TigerText to help better define policies for employee-owned devices.
  • Continued Staff Expansion: TigerText nearly doubled its staff, hiring in sales, client services, marketing, product development and engineering.
  • Recognitions: The Company also became a recognized leader in trade media focused on healthcare and technology, as well as within national business press, being featured in dozens of media outlets including Forbes, Wall Street Journal, New York Times, The Huffington Post, TechCrunch, Business Insider, GigaOM, Health IT Security, and Mobi Health News, among others.

For more information about this round of funding, visit: http://www.tigertext.com/next-chapter.

About TigerText

TigerText is the leader in secure, real-time messaging for the enterprise. TigerText’s encrypted messaging platform keeps communications safe, improves workflow and complies with industry regulations. Developed to address the security needs, BYOD policies, and message restrictions in the enterprise, TigerText is committed to keeping mobile communications secure, private and impermanent. More than 3,000 facilities have adopted TigerText, including leading organizations like Adventist Health, the University of Kentucky HealthCare, and Scottsdale Health Partners, which rely on TigerText to combat such challenges as the HIPAA Omnibus Rule changes, comply with industry standards and replace unsecured SMS text messaging that leaves protected health and other confidential information at risk. The company was recently named one of the top five companies that transformed enterprise communication in 2013. For more information visit http://www.tigertext.com, http://www.facebook.com/tigertext, or http://www.twitter.com/tigertext.

More Stories By Business Wire

Copyright © 2009 Business Wire. All rights reserved. Republication or redistribution of Business Wire content is expressly prohibited without the prior written consent of Business Wire. Business Wire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
"Storpool does only block-level storage so we do one thing extremely well. The growth in data is what drives the move to software-defined technologies in general and software-defined storage," explained Boyan Ivanov, CEO and co-founder at StorPool, in this SYS-CON.tv interview at 16th Cloud Expo, held June 9-11, 2015, at the Javits Center in New York City.
Sometimes I write a blog just to formulate and organize a point of view, and I think it’s time that I pull together the bounty of excellent information about Machine Learning. This is a topic with which business leaders must become comfortable, especially tomorrow’s business leaders (tip for my next semester University of San Francisco business students!). Machine learning is a key capability that will help organizations drive optimization and monetization opportunities, and there have been some...
A strange thing is happening along the way to the Internet of Things, namely far too many devices to work with and manage. It has become clear that we'll need much higher efficiency user experiences that can allow us to more easily and scalably work with the thousands of devices that will soon be in each of our lives. Enter the conversational interface revolution, combining bots we can literally talk with, gesture to, and even direct with our thoughts, with embedded artificial intelligence, whic...
ChatOps is an emerging topic that has led to the wide availability of integrations between group chat and various other tools/platforms. Currently, HipChat is an extremely powerful collaboration platform due to the various ChatOps integrations that are available. However, DevOps automation can involve orchestration and complex workflows. In his session at @DevOpsSummit at 20th Cloud Expo, Himanshu Chhetri, CTO at Addteq, will cover practical examples and use cases such as self-provisioning infra...
As DevOps methodologies expand their reach across the enterprise, organizations face the daunting challenge of adapting related cloud strategies to ensure optimal alignment, from managing complexity to ensuring proper governance. How can culture, automation, legacy apps and even budget be reexamined to enable this ongoing shift within the modern software factory? In her Day 2 Keynote at @DevOpsSummit at 21st Cloud Expo, Aruna Ravichandran, VP, DevOps Solutions Marketing, CA Technologies, was jo...
As Marc Andreessen says software is eating the world. Everything is rapidly moving toward being software-defined – from our phones and cars through our washing machines to the datacenter. However, there are larger challenges when implementing software defined on a larger scale - when building software defined infrastructure. In his session at 16th Cloud Expo, Boyan Ivanov, CEO of StorPool, provided some practical insights on what, how and why when implementing "software-defined" in the datacent...
Blockchain. A day doesn’t seem to go by without seeing articles and discussions about the technology. According to PwC executive Seamus Cushley, approximately $1.4B has been invested in blockchain just last year. In Gartner’s recent hype cycle for emerging technologies, blockchain is approaching the peak. It is considered by Gartner as one of the ‘Key platform-enabling technologies to track.’ While there is a lot of ‘hype vs reality’ discussions going on, there is no arguing that blockchain is b...
Blockchain is a shared, secure record of exchange that establishes trust, accountability and transparency across business networks. Supported by the Linux Foundation's open source, open-standards based Hyperledger Project, Blockchain has the potential to improve regulatory compliance, reduce cost as well as advance trade. Are you curious about how Blockchain is built for business? In her session at 21st Cloud Expo, René Bostic, Technical VP of the IBM Cloud Unit in North America, discussed the b...
You know you need the cloud, but you’re hesitant to simply dump everything at Amazon since you know that not all workloads are suitable for cloud. You know that you want the kind of ease of use and scalability that you get with public cloud, but your applications are architected in a way that makes the public cloud a non-starter. You’re looking at private cloud solutions based on hyperconverged infrastructure, but you’re concerned with the limits inherent in those technologies.
Is advanced scheduling in Kubernetes achievable?Yes, however, how do you properly accommodate every real-life scenario that a Kubernetes user might encounter? How do you leverage advanced scheduling techniques to shape and describe each scenario in easy-to-use rules and configurations? In his session at @DevOpsSummit at 21st Cloud Expo, Oleg Chunikhin, CTO at Kublr, answered these questions and demonstrated techniques for implementing advanced scheduling. For example, using spot instances and co...
The cloud era has reached the stage where it is no longer a question of whether a company should migrate, but when. Enterprises have embraced the outsourcing of where their various applications are stored and who manages them, saving significant investment along the way. Plus, the cloud has become a defining competitive edge. Companies that fail to successfully adapt risk failure. The media, of course, continues to extol the virtues of the cloud, including how easy it is to get there. Migrating...
The use of containers by developers -- and now increasingly IT operators -- has grown from infatuation to deep and abiding love. But as with any long-term affair, the honeymoon soon leads to needing to live well together ... and maybe even getting some relationship help along the way. And so it goes with container orchestration and automation solutions, which are rapidly emerging as the means to maintain the bliss between rapid container adoption and broad container use among multiple cloud host...
Imagine if you will, a retail floor so densely packed with sensors that they can pick up the movements of insects scurrying across a store aisle. Or a component of a piece of factory equipment so well-instrumented that its digital twin provides resolution down to the micrometer.
In his keynote at 18th Cloud Expo, Andrew Keys, Co-Founder of ConsenSys Enterprise, provided an overview of the evolution of the Internet and the Database and the future of their combination – the Blockchain. Andrew Keys is Co-Founder of ConsenSys Enterprise. He comes to ConsenSys Enterprise with capital markets, technology and entrepreneurial experience. Previously, he worked for UBS investment bank in equities analysis. Later, he was responsible for the creation and distribution of life settle...
The need for greater agility and scalability necessitated the digital transformation in the form of following equation: monolithic to microservices to serverless architecture (FaaS). To keep up with the cut-throat competition, the organisations need to update their technology stack to make software development their differentiating factor. Thus microservices architecture emerged as a potential method to provide development teams with greater flexibility and other advantages, such as the abili...