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Telogis’ $93 mil funding to fuel investment and expansion in UK market

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Krystal
New Update

ALISO VIEJO, USA: Telogis in the UK is set to expand its operations significantly after the $93 million in institutional capital secured earlier in October by its US-headquartered parent. Silicon Valley-based firm Kleiner Perkins Caufield and Byers, the preeminent name in US technology investing led the funding round. Telogis intends to utilise the investment to further capitalise on the large and rapidly growing multi-billion dollar market for location-based products and services designed specifically for enterprises and organisations with substantial numbers of mobile workers and vehicles.

In the UK this will translate into investment in the current product line to target new markets, and a significant increase in staff numbers and office space to provide local support for its growing customer base. Telogis provides a software-as-a-service (SaaS)-based platform for companies that require dynamic routing, real-time work order management, commercial navigation, telematics and mobile integration services for their workforces in the field.

Sergio Barata, GM of Telogis EMEA said: "The new funding further cements Telogis' position as a permanent part of the UK technology landscape, and dynamic place to work enabling us to attract and retain the very best talent. New opportunities will become available within our Bracknell office as Telogis continues to gain market share within the UK and around the world."