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AirClic Closes $12.5 Million in New Financing Round

Tuesday, February 20, 2007 7:30:00 AM PDT | VentureDeal Staff

NEWTOWN, PA -- AirClic announced that it has closed a new funding round of $12.5 million from new and existing investors.

The company provides "business process mobilization solutions that include data capture, flexible application configuration and complete GPS capabilities."

The investment round was led by JMI Equity, and included existing investors Motorola Ventures and Zon Capital Partners.  The company intends to use the proceeds to continue product development and expand customer service, sales and marketing efforts.

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