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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,
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