Austin, TX – Dec. 23, 2008 – Motion Computing®, a leader in mobile computing and wireless communications, announced today that it has received funding of $6 million from New Enterprise Associates (NEA), Institutional Venture Partners (IVP), G-51 Capital, and other new investors. The funds will be used to drive continued expansion into the healthcare market and support international growth opportunities.
NEA, an investor in Motion’s earlier funding rounds, is a leading venture capital firm focused on the information technology and healthcare sectors and has funded approximately 550 companies to date. IVP, one of the premier later-stage venture capital firms and previous investor in Motion® is also participating in the current funding round, as is Austin-based G-51 Capital.
“Since our first investment in Motion we have watched it develop through the introduction of innovative products and solutions, establishing a leadership position in the markets it serves,” said Paul Hsiao, NEA Partner. “We are committed to helping the company build on its success.”
“Motion continues to bring cutting-edge solutions and products to the healthcare industry and we are pleased to be able to assist in Motion’s continued expansion,” said Norm Fogelsong, IVP General Partner.
The Motion C5 is the world’s first Mobile Clinical Assistant (MCA), now deployed in more than 4,000 healthcare organizations worldwide. Additionally, Motion recently entered new markets with the F5 rugged field tool, which is being used across vertical industries that require a highly durable device in a lightweight and portable design.
Motion provides mobile computing products and services for the healthcare industry and across other vertical markets, and is the leading provider of slate tablet PCs, with more than 40 percent market share worldwide, according to the IDC Market Analysis, Worldwide Tablet PC 2007-2011 Forecast. Founded in 2001, Motion has relationships with hundreds of valued software and hardware partners worldwide, and sells through over 1300 leading resellers in 25 countries across North America, Europe, Australia, Asia and the Middle East.
About Motion Computing
Motion Computing is a mobile computing and wireless communications leader, combining world-class innovation and industry experience so professionals in vertical industries such as healthcare, field sales and service and government can use computing technology in new ways and places. The company’s enhanced line of tablet PCs, mobile clinical assistants and accessories are designed to increase productivity for on-the-go users while providing portability, security, power and versatility. Motion combines those products with services and unique vertical market knowledge to deliver robust solutions – platforms, peripherals, services and wireless – customized for the needs of a particular industry. For more information, visit www.motioncomputing.com
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Motion Computing and Motion are registered trademarks of Motion Computing, Inc, in the United States and other countries. All other trademarks and copyrights are the property of their respective owners.
|Media Contacts:||Mary Anne Gunn
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