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New Funding Fuels RedSky Technologies' Location-Based Services Product Development
News Release
925 West Chicago Avenue
Chicago, Illinois 60622
www.redskyE911.com
For more information, contact:
Dave Wallinga, RedSky (News - Alert), 312-829-8383 ext. 26 or media@redskytech.com
FOR IMMEDIATE RELEASE: Tuesday, March 4, 2008
New Funding Fuels RedSky Technologies� Location-Based
Services Product Development
Automated Location Information Products to help Service Providers
CHICAGO � RedSky Technologies, Inc., the leading provider of location information management and E911 software to the enterprise market, announced today that it completed a new round of funding from its current investors, CID Capital and Dunrath Capital.
�This latest investment will accelerate efforts to leverage RedSky�s expertise in location information to bring to market products that enable location-based
services,� said Tony Maier, CEO of RedSky. �Our investors� ongoing commitment to the company�s operational plan, product development and channel expansion has been a key driver in RedSky�s growth.�
RedSky currently markets enterprise E911 software including E911 Manager� and E911 Anywhere� that works with IP-based and traditional PBX telephone systems from providers such as Avaya, Cisco and Nortel (News - Alert) to capture,
manage and deliver the location of 911 callers to emergency dispatchers. The Company also is taking 911 knowledge and capabilities to the service provider
market.
�What is impressive to us is RedSky�s success in building the dominant brand in the enterprise market while simultaneously moving forward aggressively with product development, taking the Company into larger, lucrative location-based services markets,� said John Abernethy, Managing Director of Dunrath Capital.
�RedSky has successfully established itself as a leader in the enterprise software market, and we are impressed with the company�s ability to execute key facets of the business,� said Raj Pai, Managing Director of CID Capital. �As a software company, RedSky is clicking on all cylinders.�
About RedSky
Headquartered in Chicago, IL, RedSky Technologies (www.redskye911.com) is the leading provider of software to automate E911 for large enterprises, government agencies and educational institutions. With more than 50 Fortune 500® customers and more than 300 total customers, RedSky products track the locations of telephone users as they move inside and outside the enterprise, providing critical location information in the event of a 911 call.
About CID Capital
Since its founding in 1981, CID Capital (www.cidequity.com) has been a leading provider of equity capital to private companies headquartered throughout the
United States. It has invested in over 100 companies and in each investment has partnered with high-caliber, successful entrepreneurs and business owners. In the role of investment partner, CID Capital�s investment professionals work actively alongside management and other shareholders to deliver superior investment returns. CID Capital currently manages more than $490 million in two
distinct forms of investment capital: venture capital and private equity.
About Dunrath Capital
Dunrath Capital (www.dunrath.com) is a research-based private equity and strategic advisory firm. Headquartered in Chicago, the Dunrath team has extensive operating and investment experience in the sectors in which they invest and advise. The current principal investment fund, Dunrath Capital Infrastructure Surety Fund, LP, invests in early and growth-stage companies delivering infrastructure surety products and services. Infrastructure surety is
defined as those products and services that identify, protect, or defend against threats to modern infrastructures.
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Private Branch Exchange (PBX) | X | | Originally, telephone features were provided by telephone central office switching systems, often called CENTREX.�PBX systems emerged as customers wanted to have more calling features and control over...more |
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