Point Judith leads $6M investment in Vaultus Mobile

Providence-based VC sees potential in enterprise mobile applications of MIT spinoff

Vaultus Mobile Technologies Inc. today announced it has closed on a $6 million expansion round with investors led by Providence-based Point Judith Capital. Also participating were existing investors Susquehanna International Group and IDG Ventures....

...“Mobile is the future of the enterprise application,” David Martirano, a general partner at Port Judith Capital and a member of the Vaultus board of directors, said in a statement today. “Over the next few years, every major corporation is going to have to be sure that any application they deploy be available anywhere at any time. Vaultus is positioned for strong growth, not only because of the market, but because it has the right technology, the right management team and the strong partnerships that will propel it forward.”

The company’s customers – mostly in the financial services, health care and retail sectors – include Merrill Lynch, State Street, ING, E*Trade, Wachovia, Procter & Gamble, Avon, TJX, Genzyme, Cognos, Business Objects and the U.S. Army...

Full Story: Point Judith leads $6M investment in Vaultus Mobile Source: Providence Business News, February 11th, 2008

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