Welcome!

News Feed Item

Cotap Raises $10 Million in Financing Round Led by Emergence Capital Partners

SAN FRANCISCO, CA--(Marketwired - January 28, 2014) - Cotap, the leading enterprise mobile messaging service, today announced it received $10 million in its second round of funding, bringing its total financing to $15.5 million. Emergence Capital Partners led the round, with participation by existing investor Charles River Ventures. Cotap will use the additional financing to rapidly scale its engineering, sales and marketing teams to drive growth and innovation as well as expand Cotap to new mobile platforms.

"Mobile is as big a paradigm shift in enterprise software as cloud computing, the type of change that only comes around once every decade. We now have the opportunity to use mobile to connect and empower every employee in every company in the world, not just those people traditionally categorized as 'knowledge workers.' Cotap's mission is to make every worker a knowledge worker," said Jim Patterson, founder and CEO, Cotap. "This new capital provides us with the flexibility to expand quickly and strategically, as well as fuel adoption and engagement in the enterprise."

Cotap is a secure mobile messaging app for employees to connect and collaborate across departments and geographies. Anyone with a work email address can sign up for Cotap for free and easily find and message anyone in their organization without the hassle of asking for multiple phone numbers. Users can also sync their calendar to message meeting attendees with important updates or changes.

"We believe that mobile messaging will become an increasingly important, if not primary, means of communication at work. The Cotap team has proven its ability to create products that deliver huge value for companies by engaging and connecting millions of business users," said Jason Green, general partner, Emergence Capital Partners. "Emergence is excited about the traction and virality that the product has generated in a very short time, and we want to provide the funding and support for this team to extend its leadership in this new sector."

"Cotap is well positioned to direct the future of work communication and provide its users with a truly intuitive and innovative way to engage with coworkers," said George Zachary, partner, Charles River Ventures. "Our initial investment in Cotap and continued support through this round demonstrates the strong belief we have in the company's continued success."

Launched in October 2013, Cotap already has over 6,000 companies using its iOS app. Cotap for Android is expected to launch in Q1 2014 along with the premium version of the service. Anyone can request an invitation to join the premium beta today by visiting cotap.com/business and entering their work contact details.

About Emergence Capital Partners

Emergence Capital Partners, based in San Mateo, Calif., is the leading venture capital firm focused on early and growth-stage business cloud companies. Its mission is to empower business users and organizations around the globe by funding leading business applications. The firm's investments include companies such as Salesforce.com (CRM), SuccessFactors (SFSF), Veeva Systems (VEEV), Yammer (acquired by Microsoft), Box, and Lithium. Emergence Capital has $575 million under management. More information on Emergence Capital can be found at http://www.emcap.com.

About Cotap

Cotap is a San Francisco-based company bringing mobile-first communication to the workplace. Cotap provides a simple and secure messaging solution for colleagues to connect and collaborate with each other from their mobile device. Backed by Charles River Ventures and Emergence Capital Partners, the company was founded by Jim Patterson and Zack Parker, former Yammer executives with backgrounds in mobile communication and enterprise software. The Cotap app is free and available for download in the App Store. For more information, visit the website and follow @Cotap on Twitter.

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
In his session at Cloud Expo, Alan Winters, an entertainment executive/TV producer turned serial entrepreneur, presented a success story of an entrepreneur who has both suffered through and benefited from offshore development across multiple businesses: The smart choice, or how to select the right offshore development partner Warning signs, or how to minimize chances of making the wrong choice Collaboration, or how to establish the most effective work processes Budget control, or how to ma...
Cloud Expo, Inc. has announced today that Andi Mann and Aruna Ravichandran have been named Co-Chairs of @DevOpsSummit at Cloud Expo Silicon Valley which will take place Oct. 31-Nov. 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. "DevOps is at the intersection of technology and business-optimizing tools, organizations and processes to bring measurable improvements in productivity and profitability," said Aruna Ravichandran, vice president, DevOps product and solutions marketing...
SYS-CON Events announced today that Enzu will exhibit at SYS-CON's 21st Int\ernational Cloud Expo®, which will take place October 31-November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Enzu’s mission is to be the leading provider of enterprise cloud solutions worldwide. Enzu enables online businesses to use its IT infrastructure to their competitive advantage. By offering a suite of proven hosting and management services, Enzu wants companies to focus on the core of their ...
We build IoT infrastructure products - when you have to integrate different devices, different systems and cloud you have to build an application to do that but we eliminate the need to build an application. Our products can integrate any device, any system, any cloud regardless of protocol," explained Peter Jung, Chief Product Officer at Pulzze Systems, in this SYS-CON.tv interview at @ThingsExpo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA
With major technology companies and startups seriously embracing Cloud strategies, now is the perfect time to attend 21st Cloud Expo October 31 - November 2, 2017, at the Santa Clara Convention Center, CA, and June 12-14, 2018, at the Javits Center in New York City, NY, and learn what is going on, contribute to the discussions, and ensure that your enterprise is on the right path to Digital Transformation.
In the world of DevOps there are ‘known good practices’ – aka ‘patterns’ – and ‘known bad practices’ – aka ‘anti-patterns.' Many of these patterns and anti-patterns have been developed from real world experience, especially by the early adopters of DevOps theory; but many are more feasible in theory than in practice, especially for more recent entrants to the DevOps scene. In this power panel at @DevOpsSummit at 18th Cloud Expo, moderated by DevOps Conference Chair Andi Mann, panelists discussed...
SYS-CON Events announced today that IBM has been named “Diamond Sponsor” of SYS-CON's 21st Cloud Expo, which will take place on October 31 through November 2nd 2017 at the Santa Clara Convention Center in Santa Clara, California.
SYS-CON Events announced today that CA Technologies has been named "Platinum Sponsor" of SYS-CON's 21st International Cloud Expo®, which will take place October 31-November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. CA Technologies helps customers succeed in a future where every business - from apparel to energy - is being rewritten by software. From planning to development to management to security, CA creates software that fuels transformation for companies in the applic...
Amazon started as an online bookseller 20 years ago. Since then, it has evolved into a technology juggernaut that has disrupted multiple markets and industries and touches many aspects of our lives. It is a relentless technology and business model innovator driving disruption throughout numerous ecosystems. Amazon’s AWS revenues alone are approaching $16B a year making it one of the largest IT companies in the world. With dominant offerings in Cloud, IoT, eCommerce, Big Data, AI, Digital Assista...
Multiple data types are pouring into IoT deployments. Data is coming in small packages as well as enormous files and data streams of many sizes. Widespread use of mobile devices adds to the total. In this power panel at @ThingsExpo, moderated by Conference Chair Roger Strukhoff, panelists looked at the tools and environments that are being put to use in IoT deployments, as well as the team skills a modern enterprise IT shop needs to keep things running, get a handle on all this data, and deliver...
In his session at @ThingsExpo, Eric Lachapelle, CEO of the Professional Evaluation and Certification Board (PECB), provided an overview of various initiatives to certify the security of connected devices and future trends in ensuring public trust of IoT. Eric Lachapelle is the Chief Executive Officer of the Professional Evaluation and Certification Board (PECB), an international certification body. His role is to help companies and individuals to achieve professional, accredited and worldwide re...
Both SaaS vendors and SaaS buyers are going “all-in” to hyperscale IaaS platforms such as AWS, which is disrupting the SaaS value proposition. Why should the enterprise SaaS consumer pay for the SaaS service if their data is resident in adjacent AWS S3 buckets? If both SaaS sellers and buyers are using the same cloud tools, automation and pay-per-transaction model offered by IaaS platforms, then why not host the “shrink-wrapped” software in the customers’ cloud? Further, serverless computing, cl...
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.
With the introduction of IoT and Smart Living in every aspect of our lives, one question has become relevant: What are the security implications? To answer this, first we have to look and explore the security models of the technologies that IoT is founded upon. In his session at @ThingsExpo, Nevi Kaja, a Research Engineer at Ford Motor Company, discussed some of the security challenges of the IoT infrastructure and related how these aspects impact Smart Living. The material was delivered interac...
The taxi industry never saw Uber coming. Startups are a threat to incumbents like never before, and a major enabler for startups is that they are instantly “cloud ready.” If innovation moves at the pace of IT, then your company is in trouble. Why? Because your data center will not keep up with frenetic pace AWS, Microsoft and Google are rolling out new capabilities. In his session at 20th Cloud Expo, Don Browning, VP of Cloud Architecture at Turner, posited that disruption is inevitable for comp...