Vox Mobile Closes Strategic Round of Funding

CLEVELAND, June 19, 2015 /PRNewswire/ -- Vox Mobile, the leading provider of complete enterprise mobility solutions, today announced that the company has closed a $6.7 million strategic investment round led by TELUS Ventures, Mutual Capital Partners, Edison Partners and Permal Capital. The funding will help accelerate global growth and enrich the company's technology advantage.

"Mobile is a transformative platform for business, yet most companies struggle with managing mobile infrastructure. This struggle keeps enterprises from realizing the enormous payback of mobile-based business innovation," says Vox Mobile CEO Kris Snyder. "We called this mired-in-mobile-management problem the M-Gap. As a managed service, our complete enterprise mobility solution eliminates the M-Gap so our customers can focus on mobile innovation and start generating ROI from transformative change much faster and more easily."

"There are a myriad of tactical tools for mobility management," says Edison Partner Sever Totia.  "What sets Vox Mobile apart is their open framework that allows companies to use their tools of choice and then plug them into a comprehensive strategic management solution. Mobility management as a service requires a combination of the ability to execute intense processes along with advanced technologies for integration, monitoring and management. We believe that there is a large and rapidly growing demand for Vox Mobile's complete solution."

"TELUS has successfully collaborated with Vox Mobile for a number of our customers since 2012," said Peter Green, President of Business Sales, TELUS. "This investment round has given Vox Mobile the capital necessary to reach international markets, and I look forward to providing strategic support to the company's international growth once I join their Board of Directors in conjunction with this financing." 

This strategic round solidifies the Vox Mobile Canadian go-to-market solution via the TELUS partnership, which began three years ago. It will fund deeper integration opportunities between the two companies' technologies and support increased solution marketing.   

"TELUS Ventures partners with high potential companies that offer unique technologies and innovative products, which Vox Mobile exemplifies," said Mathew George, Vice-President of TELUS Ventures. "This investment further strengthens the deep TELUS and Vox Mobile partnership that provides exceptional 'white glove' service to our enterprise customers.  Our team is eager to support them as their mobile solutions transform daily communication for organizations across the globe."

"We've been out in front of the mobility market for some time, and we've established ourselves as both thought and performance leaders. The industry is growing very quickly, and global delivery capabilities are critical. Our partnership with TELUS has accelerated our evolution and understanding of the international markets as well as the inner workings of non-U.S. carriers," added Snyder.

"Vox Mobile has a top-tier management team and a unique vision in the mobile technology space," said Bill Trainor, a co-founder and Managing Director of Mutual Capital Partners Funds. "As mobile becomes more central to product and service delivery, we expect the demand for services that enable mobile innovation to continue to grow at a rapid pace."

To learn more about Vox Mobile's unique M-Gap solutions, please visit www.voxmobile.com.

About Vox Mobile

Vox Mobile provides Complete Enterprise Mobility as a service.  As companies seek to drive mobility-based innovations, the costs and complexities of infrastructure management and the large requirements for administrative and user support become overwhelming.  The diverse technologies and people-intense processes required for managing mobility create the M Gap – where innovation potential falls way to the burdens of mobile infrastructure management.  Around the world, over 600 companies have turned to Vox Mobile for comprehensive mobility management to drive application success and a great user experience.  Headquartered in Cleveland Ohio and with offices and support centers around North America, Vox Mobile has the industry's highest Net Promoter Score (NPS) and customer satisfaction levels. As a founding member of the Global Enterprise Mobility Alliance (GEMA), Vox Mobile provides global support for multi-national corporations. For more information, visit www.voxmobile.com.

About Edison Partners

For 28 years, Edison Partners has been helping CEOs and their executive teams navigate the entrepreneurial journey to becoming successful companies. Through the unique combination of expansion capital and the Edison Edge platform, consisting of strategic advisory, the Edison Director Network, and best-practices, Edison employs a holistic approach to nurturing invention and creating value for growth stage businesses ($5 to $20 million in revenue). We invest in financial technology, healthcare IT, enterprise IT, and interactive marketing sectors. Edison investment objectives also include: buyouts, recapitalizations, spinouts and secondary stock purchases.

The Edison portfolio has created aggregate market value exceeding $5 billion. Its long-tenured team, based in Lawrenceville, NJ, New York, NY, McLean, VA and Cleveland, OH, manages $928 million in assets throughout the eastern United States. www.edisonpartners.com

About TELUS

TELUS (TSX: T, NYSE: TU) is Canada's fastest-growing national telecommunications company, with $11.8 billion of annual revenue and 13.5 million customer connections, including 8.0 million wireless subscribers, 3.2 million wireline network access lines, 1.45 million Internet subscribers and 888,000 TELUS TV customers. TELUS provides a wide range of communications products and services, including wireless, data, Internet protocol (IP), voice, television, entertainment and video, and is Canada's largest healthcare IT provider.

In support of our philosophy to give where we live, TELUS, our team members and retirees have contributed more than $350 million to charitable and not-for-profit organizations and volunteered 5.4 million hours of service to local communities since 2000. Created in 2005 by Executive Chairman Darren Entwistle, TELUS' 11 community boards across Canada have led the company's support of grassroots charities and will have contributed $47 million in support of 3,700 local charities organizations by the end of 2014, enriching the lives of more than two million Canadian children and youth. TELUS was honoured to be named the most outstanding philanthropic corporation globally for 2010 by the Association of Fundraising Professionals, becoming the first Canadian company to receive this prestigious international recognition. 

For further information, please visit telus.com.

Mutual Capital Partners Funds

Mutual Capital Partners Funds invest in top-tier management teams building rapidly growing technology businesses.  Our investors are successful executives from across the U.S. and we've combined the best elements of angel funds into committed capital, professionally-managed venture funds.Portfolio companies have found that we help them deepen their management teams, bring advisors and directors that are beyond their immediate circle, assist with expansion into new markets, advise on potential acquisitions, and help to prepare for a future exit.

Learn more at mutualcapitalpartners.com.

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SOURCE Vox Mobile