Toronto's Fixmo Inc. announced today that it has secured US$6.5 million in Series B financing led by new investor Panorama Capital. Existing investors Rho Ventures Canada, iNovia Capital, Extreme Venture Partners and management also participated in the Series B round.
Fixmo will use the funding for business expansion and ongoing development of solutions that mitigate the risk associated with enterprise mobile deployments.
"Fixmo understands enterprises want all the productivity benefits of a mobile workforce without having to worry about the risks associated with mobile devices," said Rick Segal, Co-Founder and CEO of Fixmo. "Managing and maintaining the integrity of enterprise mobile infrastructures is a huge market opportunity and this latest round of financing confirms Fixmo as a leader in this market. Panorama Capital brings significant experience and expertise to the table and we are honoured to have them as an investor."
Fixmo provides secure, end-to-end, multi-platform, infrastructure management solutions for enterprise mobile devices. Since launching Fixmo Tools in early 2010, the company has added solutions that address challenges enterprises face dealing with the complexity and risk of mobile devices in their workforces.