ALISO VIEJO, CA, Global provider of cloud-based software products and services designed specifically for companies with mobile workers, vehicles and other mobile assets has raised capital.
Fontinalis Partners, LLC, a Michigan-based strategic investment firm, announced today that it has invested in Telogis, Inc., a global provider of cloud-based software products and services designed specifically for companies with mobile workers, vehicles and other mobile assets. Telogis' solutions, mobile applications and professional services help companies improve productivity, operational efficiency and sustainability while reducing costs. Founded in 2009 by William Clay Ford, Jr. ('Bill Ford'), Ralph Booth, Mark Schulz, Chris Cheever and Chris Thomas, Fontinalis invests uniquely in thought-leading companies from around the globe that are providing next-generation mobility solutions.
Since its founding in 2001, Telogis has been focused on providing location-based intelligence through its platform to large enterprise customers as well as smaller companies. Through a SaaS delivery model, Telogis connects work being done in the field with the back office in order to dramatically improve the way its customers manage and utilize their mobile workers and assets.
'Fontinalis focuses on investing in technologies that are transforming next-generation mobility, which makes Telogis a natural fit for our firm,' said Ralph Booth, a founding and managing partner of Fontinalis. 'Telogis solves problems related to fuel economy, productivity, safety and environmental impacts for its customers and has become a leading innovator in location-based products and services.'
As a strategic investor, Fontinalis provides its portfolio companies with comprehensive business development resources, a global network of government and industry thought-leaders, and strong relationships across the mobility ecosystem. Fontinalis invests as a strategic partner across all facets of the world's mobility systems on a flexible stage-, structure-, and size-agnostic basis.
'Telogis is well capitalized, but Fontinalis' investment and its unparalleled network of strategic partners will enable further growth and innovation and play a critical role in our ability to continue to deliver transformative technologies to customers around the world,' said David Cozzens, chief executive officer of Telogis. 'Our customers' ability to optimize mobile operations and realize near-immediate ROI from our platform is fueling rapid adoption and an unprecedented opportunity for us to lead this market.'
Telogis, Inc., the platform for location intelligence, is dedicated to enhancing the value of its customers' businesses through intelligent integration of location technology, information and services. Telogis was established in 2001 and is headquartered in Aliso Viejo, Calif., with offices in Europe and Latin America as well as development centers in Austin, Texas; Toronto; and Christchurch, New Zealand. Telogis' products and services are used and distributed in more than 100 countries worldwide. To learn more about Telogis, visit www.telogis.com
or call toll free at 866-TELOGIS (866-835-6447).
About Fontinalis Partners
Fontinalis Partners, with offices in Detroit and Boston, is a venture capital firm strategically focused on next-generation mobility. The firm was founded in 2009 by Bill Ford, Ralph Booth, Mark Schulz, Chris Cheever and Chris Thomas. Fontinalis' mission is to leverage the team's considerable management experience, market access, strategic relationships, international expertise, and background in transportation innovation to scale companies providing next-generation mobility solutions. Fontinalis invests as a strategic partner across all facets of the world's mobility systems on a stage-, structure- and size-agnostic basis. Fontinalis is not affiliated with Ford Motor Company. More information about Fontinalis is available at www.fontinalis.com.
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