Additional $15 Million Funding For Mobile Enterprise Software Provider Neomar
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Enterprise software company Neomar Inc. announced second-round financing of $15 million from Clearstone Venture Partners (formerly idealab Capital Partners) this week. Neomar's product line is focused on Internet, intranet and corporate applications to mobile professionals.
"Clearstone's investment is a validation of our business strategy and the growing interest in wireless in the enterprise. It also reflects Clearstone's confidence in our ability to execute," said William R. "Butch" Winters, CEO of San Francisco-based Neomar.
The investment follows and supports the development of Neomar's second generation of products, which includes the Neomar Enterprise Solution. The software offers corporate clients end-to-end secure wireless delivery of enterprise data, and includes tools to manage the most popular wireless smart devices, including those manufactured by Research In Motion Ltd. (RIM), and Palm, Inc., as well as those based on Microsoft's Pocket PC platform.
The Enterprise Solution Suite includes server software for deployment behind the enterprise firewall (Neomar Enterprise Server), software for smart wireless devices (Neomar Microbrowser), and proxy software for wireless service providers (Neomar's Secure Enterprise Router Proxy). Utilizing Certicom's advanced PKI security technology on the Neomar Microbrowser, the Enterprise Solution Suite is designed to let users access critical enterprise applications, such as corporate data, supply chain management, sales force automation, and customer relationship management, securely and remotely in real-time.
Clearstone, with offices in Los Angeles and Menlo Park, invests in early stage technology companies in the areas of software and communications. The venture capital firm has nearly half a billion dollars under management.