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 General Session at DevOps Summit, Asaf Yigal, Co-Founder & VP of Product at Logz.io, will explore the value of Kibana 4 for log analysis and will give a real live, hands-on tutorial on how to set up Kibana 4 and get the most out of Apache log files. He will examine three use cases: IT operations, business intelligence, and security and compliance. This is a hands-on session that will require participants to bring their own laptops, and we will provide the rest.
SYS-CON Events announced today that Bsquare has been named “Silver Sponsor” of SYS-CON's @ThingsExpo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. For more than two decades, Bsquare has helped its customers extract business value from a broad array of physical assets by making them intelligent, connecting them, and using the data they generate to optimize business processes.
In this strange new world where more and more power is drawn from business technology, companies are effectively straddling two paths on the road to innovation and transformation into digital enterprises. The first path is the heritage trail – with “legacy” technology forming the background. Here, extant technologies are transformed by core IT teams to provide more API-driven approaches. Legacy systems can restrict companies that are transitioning into digital enterprises. To truly become a lea...
Internet of @ThingsExpo, taking place November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 19th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The Internet of Things (IoT) is the most profound change in personal and enterprise IT since the creation of the Worldwide Web more than 20 years ago. All major researchers estimate there will be tens of billions devices - comp...
Adobe is changing the world though digital experiences. Adobe helps customers develop and deliver high-impact experiences that differentiate brands, build loyalty, and drive revenue across every screen, including smartphones, computers, tablets and TVs. Adobe content solutions are used daily by millions of companies worldwide-from publishers and broadcasters, to enterprises, marketing agencies and household-name brands. Building on its established design leadership, Adobe enables customers not o...
SYS-CON Events announced today the Enterprise IoT Bootcamp, being held November 1-2, 2016, in conjunction with 19th Cloud Expo | @ThingsExpo at the Santa Clara Convention Center in Santa Clara, CA. Combined with real-world scenarios and use cases, the Enterprise IoT Bootcamp is not just based on presentations but with hands-on demos and detailed walkthroughs. We will introduce you to a variety of real world use cases prototyped using Arduino, Raspberry Pi, BeagleBone, Spark, and Intel Edison. Y...
Just over a week ago I received a long and loud sustained applause for a presentation I delivered at this year’s Cloud Expo in Santa Clara. I was extremely pleased with the turnout and had some very good conversations with many of the attendees. Over the next few days I had many more meaningful conversations and was not only happy with the results but also learned a few new things. Here is everything I learned in those three days distilled into three short points.
What are the new priorities for the connected business? First: businesses need to think differently about the types of connections they will need to make – these span well beyond the traditional app to app into more modern forms of integration including SaaS integrations, mobile integrations, APIs, device integration and Big Data integration. It’s important these are unified together vs. doing them all piecemeal. Second, these types of connections need to be simple to design, adapt and configure...
Why do your mobile transformations need to happen today? Mobile is the strategy that enterprise transformation centers on to drive customer engagement. In his general session at @ThingsExpo, Roger Woods, Director, Mobile Product & Strategy – Adobe Marketing Cloud, covered key IoT and mobile trends that are forcing mobile transformation, key components of a solid mobile strategy and explored how brands are effectively driving mobile change throughout the enterprise.
“We're a global managed hosting provider. Our core customer set is a U.S.-based customer that is looking to go global,” explained Adam Rogers, Managing Director at ANEXIA, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
SYS-CON Events announced today that Sheng Liang to Keynote at SYS-CON's 19th Cloud Expo, which will take place on November 1-3, 2016 at the Santa Clara Convention Center in Santa Clara, California.
Ask someone to architect an Internet of Things (IoT) solution and you are guaranteed to see a reference to the cloud. This would lead you to believe that IoT requires the cloud to exist. However, there are many IoT use cases where the cloud is not feasible or desirable. In his session at @ThingsExpo, Dave McCarthy, Director of Products at Bsquare Corporation, will discuss the strategies that exist to extend intelligence directly to IoT devices and sensors, freeing them from the constraints of ...
Technology vendors and analysts are eager to paint a rosy picture of how wonderful IoT is and why your deployment will be great with the use of their products and services. While it is easy to showcase successful IoT solutions, identifying IoT systems that missed the mark or failed can often provide more in the way of key lessons learned. In his session at @ThingsExpo, Peter Vanderminden, Principal Industry Analyst for IoT & Digital Supply Chain to Flatiron Strategies, will focus on how IoT de...
Complete Internet of Things (IoT) embedded device security is not just about the device but involves the entire product’s identity, data and control integrity, and services traversing the cloud. A device can no longer be looked at as an island; it is a part of a system. In fact, given the cross-domain interactions enabled by IoT it could be a part of many systems. Also, depending on where the device is deployed, for example, in the office building versus a factory floor or oil field, security ha...
24Notion is full-service global creative digital marketing, technology and lifestyle agency that combines strategic ideas with customized tactical execution. With a broad understand of the art of traditional marketing, new media, communications and social influence, 24Notion uniquely understands how to connect your brand strategy with the right consumer. 24Notion ranked #12 on Corporate Social Responsibility - Book of List.