ALPHARETTA, GA--(Marketwire - Sep 27, 2012) - Catavolt, Inc., a recognized market innovator in enterprise mobility, today announced it has closed a $1.5 million Series A investment round led by FCA Venture Partners, a Nashville, TN based venture capital firm, with participation by angel investor George Salem. Catavolt's primary service offering is Catavolt Extender, a hybrid cloud service that securely provides real time mobile access to all enterprise data in the form of native applications to any mobile device.
Catavolt's unique approach, based on its patent-pending Dual Model Architecture, enables organizations to rapidly create and deliver mobile applications to business users without the need for costly and traditionally resource-intensive software development projects. Catavolt serves a wide variety of customers, from manufacturing and distribution, to the defense industry and healthcare, which are competitively providing access to enterprise data for their business users on their own mobile devices.
"We're extremely excited by the reception of Catavolt Extender in the enterprise marketplace," said George Mashini, Chief Executive Officer of Catavolt. "This infusion of funds will allow Catavolt to expand the resources needed to handle the rapidly increasing market demand. We are helping large organizations drive real productivity gains at a fraction of the cost of traditional mobile software development approaches."
"Catavolt's service disruptively addresses many core needs for enterprises in search of mobile data and application solutions," said Matthew A. King, Managing Partner at FCA Venture Partners, who joined the Catavolt Board of Directors. "We're looking forward to working with an experienced engineering team with an established track record who are delivering innovative enterprise software solutions and expanding their market reach into healthcare."
About Catavolt, Inc.
Catavolt, based in Alpharetta, GA, has created the Catavolt Extender software service. Catavolt Extender is a hybrid cloud service that provides instant and secure mobile access to enterprise data in the form of native, cross-platform applications. Catavolt's unique and patent-pending Dual Model Architecture is the basis for this new approach, an alternative to more complex traditional enterprise application development methods such as Mobile Enterprise Application Platform (MEAP) tools. Catavolt is serving companies in a wide variety of industries that are connecting their mobile users to valuable enterprise information.
About FCA Venture Partners
FCA Venture Partners has managed a total of five venture funds with typical investment sizes ranging from $1M to $6M of equity. The funds have a focus on companies with experienced management teams who are implementing proven business models with well-defined exit strategies. Since its inception, Clayton Associates, FCA Venture Partners, and affiliates have invested over $135M in more than 78 venture deals, which has resulted in the creation of over 20,000 jobs and companies representing greater than $7B in annualized revenue.