News Feed Item
Kony Secures $50 Million Round
|By Business Wire
|June 17, 2014 07:37 AM EDT
Inc., the leading enterprise mobility company, today announced that
it has raised $50 million in financing. New investor SoftBank Capital, a
venture capital firm affiliated with SoftBank Corp., a leading
telecommunications and media corporation, led the round that included
increased investment by existing investors – Insight Venture Partners,
Telstra Ventures, and Georgian Partners – and new funding from Delta-V
and Hamilton Lane.
“We are thrilled to add SoftBank Capital to our family of strategic
investors. SoftBank’s financial strength, global resources, and strong
presence in the Asia Pacific region will bring invaluable contributions
to Kony’s aggressive agenda for global growth and market leadership in
enterprise mobility,” said Thomas E. Hogan, chief executive officer,
Kony, Inc. “We are equally pleased Insight Venture Partners will co-lead
this round. As one of the industry’s preeminent investment firms and
Kony’s anchor investor, the added commitment from Insight is further
validation of Kony’s rapid ascension as a leader in the exploding market
for mobile applications.”
Enterprise mobility is radically changing the landscape of business and
the way we live. Gartner has predicted that by 2017, 25 percent of all
market leaders will lose their leadership position to companies founded
after the year 2000 due to their relative leveraging of digital
technologies. Enterprise mobility is at the very core of this digital
transformation. With hundreds of enterprise customers and 20 million
daily users, Kony is leading the way and helping the world’s most
prolific brands to embrace this new paradigm.
“SoftBank’s portfolio of companies and position as a global leader in
wireless technology give us a very clear view to the power and potential
for enterprise mobility. We believe Kony is uniquely positioned to seize
a leadership position in this nascent, but rapidly growing market and
can build a business of substantial size and importance,” said Steve
Murray, partner at SoftBank Capital.
“As an early investor in Kony, we have had the privilege to witness
first-hand the impact and value Kony is delivering for many of the
world’s leading brands. With the combination of a rapidly growing
market, Kony’s industry acclaimed offerings, and a new team of proven
and seasoned executives, we believe the best is yet to come,” said Peter
Sobiloff, managing director, Insight Venture partners.
“This round extends Kony’s strength and financial resources and helps
ensure our ongoing commitment to innovation, global reach, and service
for our trusted clients,” said John R. Joyce, Kony’s new vice chairman
and chief financial officer.
About SoftBank Capital
SoftBank Capital makes early and growth stage investments in companies
that connect people, devices and the world. SoftBank Capital invests in
category leaders in consumer and enterprise mobile, online advertising,
ecommerce, social media and cloud computing. We have been making
investments since 1995, with recent exits including Bluefin Labs, Buddy
Media, Hyperpublic, Huffington Post, OMGPOP, Pivot and ZipList. To learn
more, visit http://www.softbank.com.
About Insight Venture Partners
Insight Venture Partners is a leading global venture capital and private
equity firm investing in high-growth technology and software companies
that are driving transformative change in their industries. Founded in
1995, Insight has raised more than $8 billion and invested in more than
200 companies worldwide. Our mission is to find, fund and work
successfully with visionary executives providing them with practical,
hands-on growth expertise to foster long-term success. For more
information on Insight and all of its investments, visit www.insightpartners.com
or follow us on Twitter: @insightpartners.
About Delta-V Capital
Delta-v Capital is a leading liquidity and growth capital solutions
provider for private technology companies and their shareholders. For
more information on Delta-V Capital, visit: www.deltavcapital.com
About Hamilton Lane
Hamilton Lane is an independent financial institution that provides
discretionary and non-discretionary private equity asset management
services to sophisticated investors worldwide. With offices in several
U.S. cities, London, Tel Aviv, Tokyo, Singapore and Hong Kong, Hamilton
Lane offers a full range of investment products and services that enable
clients to participate in the private equity asset class on a global and
customized basis. For more information on Hamilton Lane, visit www.hamiltonlane.com
Kony is the fastest growing cloud-based mobile application development
platform (MADP) in the industry with over 600 live multi-channel apps,
serving over 20 million end users across 45 countries. The Kony
Experience Platform is an integrated software development lifecycle
(SDLC) platform to define, design, develop, test, deploy, and manage
multi-channel applications from a single codebase. With Kony, you can
deliver stunning user-first experiences, get to market faster, and lower
your application TCO. Kony also offers ready-to-run B2E and B2C apps
that enable customers to quickly extend their business.
In August 2013, Gartner placed Kony in the “Leaders” quadrant of the Magic
Quadrant for Mobile Application Development Platforms. Kony was also
honored in the Mobile Star Awards for achievements in enterprise
application development; named a winner for Red Herring’s Top 100 North
America award; and included on the Inc. 500|5000 list of fastest growing
private companies in America.
For more information, please visit www.kony.com.
Connect with Kony on Twitter,
Predictive analytics tools monitor, report, and troubleshoot in order to make proactive decisions about the health, performance, and utilization of storage. Most enterprises combine cloud and on-premise storage, resulting in blended environments of physical, virtual, cloud, and other platforms, which justifies more sophisticated storage analytics.
In his session at 18th Cloud Expo, Peter McCallum, Vice President of Datacenter Solutions at FalconStor, will discuss using predictive analytics to ...
Feb. 13, 2016 06:45 AM EST Reads: 417
Silver Spring Networks, Inc. (NYSE: SSNI) extended its Internet of Things technology platform with performance enhancements to Gen5 – its fifth generation critical infrastructure networking platform. Already delivering nearly 23 million devices on five continents as one of the leading networking providers in the market, Silver Spring announced it is doubling the maximum speed of its Gen5 network to up to 2.4 Mbps, increasing computational performance by 10x, supporting simultaneous mesh communic...
Feb. 13, 2016 05:00 AM EST
Eighty percent of a data scientist’s time is spent gathering and cleaning up data, and 80% of all data is unstructured and almost never analyzed. Cognitive computing, in combination with Big Data, is changing the equation by creating data reservoirs and using natural language processing to enable analysis of unstructured data sources. This is impacting every aspect of the analytics profession from how data is mined (and by whom) to how it is delivered. This is not some futuristic vision: it's ha...
Feb. 13, 2016 04:45 AM EST Reads: 465
The cloud promises new levels of agility and cost-savings for Big Data, data warehousing and analytics. But it’s challenging to understand all the options – from IaaS and PaaS to newer services like HaaS (Hadoop as a Service) and BDaaS (Big Data as a Service).
In her session at @BigDataExpo at @ThingsExpo, Hannah Smalltree, a director at Cazena, will provide an educational overview of emerging “as-a-service” options for Big Data in the cloud. This is critical background for IT and data profes...
Feb. 13, 2016 03:45 AM EST Reads: 242
Father business cycles and digital consumers are forcing enterprises to respond faster to customer needs and competitive demands. Successful integration of DevOps and Agile development will be key for business success in today’s digital economy.
In his session at DevOps Summit, Pradeep Prabhu, Co-Founder & CEO of Cloudmunch, covered the critical practices that enterprises should consider to seamlessly integrate Agile and DevOps processes, barriers to implementing this in the enterprise, and pr...
Feb. 13, 2016 03:00 AM EST Reads: 463
Sensors and effectors of IoT are solving problems in new ways, but small businesses have been slow to join the quantified world. They’ll need information from IoT using applications as varied as the businesses themselves.
In his session at @ThingsExpo, Roger Meike, Distinguished Engineer, Director of Technology Innovation at Intuit, showed how IoT manufacturers can use open standards, public APIs and custom apps to enable the Quantified Small Business. He used a Raspberry Pi to connect sensors...
Feb. 13, 2016 02:30 AM EST Reads: 371
The principles behind DevOps are not new - for decades people have been automating system administration and decreasing the time to deploy apps and perform other management tasks. However, only recently did we see the tools and the will necessary to share the benefits and power of automation with a wider circle of people.
In his session at DevOps Summit, Bernard Sanders, Chief Technology Officer at CloudBolt Software, explored the latest tools including Puppet, Chef, Docker, and CMPs needed to...
Feb. 13, 2016 02:30 AM EST Reads: 368
Let’s face it, embracing new storage technologies, capabilities and upgrading to new hardware often adds complexity and increases costs.
In his session at 18th Cloud Expo, Seth Oxenhorn, Vice President of Business Development & Alliances at FalconStor, will discuss how a truly heterogeneous software-defined storage approach can add value to legacy platforms and heterogeneous environments. The result reduces complexity, significantly lowers cost, and provides IT organizations with improved effi...
Feb. 13, 2016 12:45 AM EST Reads: 277
It's easy to assume that your app will run on a fast and reliable network. The reality for your app's users, though, is often a slow, unreliable network with spotty coverage. What happens when the network doesn't work, or when the device is in airplane mode? You get unhappy, frustrated users. An offline-first app is an app that works, without error, when there is no network connection.
Feb. 12, 2016 10:00 PM EST Reads: 245
Data-as-a-Service is the complete package for the transformation of raw data into meaningful data assets and the delivery of those data assets.
In her session at 18th Cloud Expo, Lakshmi Randall, an industry expert, analyst and strategist, will address:
What is DaaS (Data-as-a-Service)?
Challenges addressed by DaaS
Vendors that are enabling DaaS
Architecture options for DaaS
Feb. 12, 2016 09:45 PM EST Reads: 386
One of the bewildering things about DevOps is integrating the massive toolchain including the dozens of new tools that seem to crop up every year. Part of DevOps is Continuous Delivery and having a complex toolchain can add additional integration and setup to your developer environment.
In his session at @DevOpsSummit at 18th Cloud Expo, Miko Matsumura, Chief Marketing Officer of Gradle Inc., will discuss which tools to use in a developer stack, how to provision the toolchain to minimize onboa...
Feb. 12, 2016 09:00 PM EST Reads: 136
Companies can harness IoT and predictive analytics to sustain business continuity; predict and manage site performance during emergencies; minimize expensive reactive maintenance; and forecast equipment and maintenance budgets and expenditures.
Providing cost-effective, uninterrupted service is challenging, particularly for organizations with geographically dispersed operations.
Feb. 12, 2016 06:00 PM EST
SYS-CON Events announced today that Catchpoint Systems, Inc., a provider of innovative web and infrastructure monitoring solutions, has been named “Silver Sponsor” of SYS-CON's DevOps Summit at 18th Cloud Expo New York, which will take place June 7-9, 2016, at the Javits Center in New York City, NY.
Catchpoint is a leading Digital Performance Analytics company that provides unparalleled insight into customer-critical services to help consistently deliver an amazing customer experience. Designed...
Feb. 12, 2016 06:00 PM EST Reads: 404
When building large, cloud-based applications that operate at a high scale, it’s important to maintain a high availability and resilience to failures. In order to do that, you must be tolerant of failures, even in light of failures in other areas of your application.
“Fly two mistakes high” is an old adage in the radio control airplane hobby. It means, fly high enough so that if you make a mistake, you can continue flying with room to still make mistakes.
In his session at 18th Cloud Expo, Lee...
Feb. 12, 2016 04:45 PM EST
With the proliferation of both SQL and NoSQL databases, organizations can now target specific fit-for-purpose database tools for their different application needs regarding scalability, ease of use, ACID support, etc. Platform as a Service offerings make this even easier now, enabling developers to roll out their own database infrastructure in minutes with minimal management overhead. However, this same amount of flexibility also comes with the challenges of picking the right tool, on the right ...
Feb. 12, 2016 04:30 PM EST Reads: 193