|By Business Wire||
|June 17, 2014 07:37 AM EDT||
Kony, 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.
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