Telogis' $93 Million Funding to Fuel Significant Investment and Expansion in UK Market
Telogis in the UK is set to significantly expand its operations in the wake of $93 million in institutional capital secured earlier in October by its US-headquartered parent. The funding round was led by Silicon Valley-based firm Kleiner Perkins Caufield and Byers, the preeminent name in US technology investing. Telogis intends to utilise the investment to further capitalise on the large and rapidly growing multi-billion dollar market for location-based products and services designed specifically for enterprises and organisations with substantial numbers of mobile workers and vehicles. In the UK this will translate into investment in the current product line to target new markets, and a significant increase in staff numbers and office space to provide local support for its growing customer base.
Telogis provides a software-as-a-service (SaaS)-based platform for companies that require dynamic routing, real-time work order management, commercial navigation, telematics and mobile integration services for their workforces in the field.
Sergio Barata, General Manager of Telogis EMEA said; “This injection of capital comes at the ideal time for Telogis in the UK market. Having opened for business here in more than five years ago, we have built a core of loyal customers using our location-based technology platform. We are now poised to rapidly expand our reach into several new markets by accelerating our engineering investment and providing best of breed solutions to segments including Utilities, Oil and Gas and Food & Drink/Supply Chain and more.”
Barata continued; “The new funding further cements Telogis’ position as a permanent part of the UK technology landscape, and dynamic place to work enabling us to attract and retain the very best talent. New opportunities will become available within our Bracknell office as Telogis continues to gain market share within the UK and around the world.”
Since its founding in 2001, Telogis has been privately financed by its founders, management and other individuals. The new investment represents the company’s first outside raise of institutional capital.
In 2011 Telogis became the exclusive technology provider for Ford Motor Company, powering its factory-installed Ford Crew Chief telematics solution for Ford commercial vehicles. Telogis also partnered with Volvo Trucks earlier this year to co-develop new telematics and navigation services for Volvo customers.
In December 2012 Telogis moved to new offices in Bracknell, Berkshire to accommodate the operation’s continued expansion.
Notes to Editors
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, Canada and Christchurch, New Zealand. Telogis’ products and services are used and distributed in more than 60 countries worldwide.
Telogis has been established in the UK since 2008, and already has several customers using its Telogis GeoBase geospatial platform.
For more information please visit www.telogis.co.uk
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