Genea Completes Initial Close of Series C Financing

Jan 06, 2016, 12:32 ET from Genea

IRVINE, Calif., Jan. 6, 2016 /PRNewswire/ -- Genea, a leading provider of cloud-based software and services for the commercial real estate industry, today announced that it has completed the initial close of its series C preferred stock financing. The funding will be used to support the company's rapid growth.

"We have been blessed with a rapidly growing, loyal customer base. The additional funding enables us to keep pace with the industry's demand for our service offerings," said Michael Wong, CEO and President of Genea.

Concurrently with the initial closing, Genea also announced the repurchase of a significant portion of its founders' shares and the resignation of Keith Voysey as Chief Technology Officer. Mr. Voysey is stepping down in order to continue his involvement with other business interests. He will continue to be a member of Genea's board of directors.

"We would like to thank Keith for his innovative thinking, passion, and partnership while at Genea," expressed Mr. Wong. "He played a key role in the formation of this company and we wish him nothing but the best."

"It has been an incredible journey and personally gratifying experience to be a part of Genea's success. I am proud of the solutions we created for the commercial real estate industry. I am confident with the amazing team in place that Genea will continue to provide the industry with forward-thinking technologies," Mr. Voysey said.

About:

Genea provides innovative cloud-based software and services for the commercial real estate industry. They create value-added tools for property teams to manage tenant-related services, including after hours HVAC and lights, automated submeter reading and billing, and building apps and web services. Genea's patented ACS Cloud service allows tenants to easily access HVAC services after hours via any web-enabled device without requiring a work order request. They elevate the tenant experience with fully customizable apps and websites for property communications. For the most current information on Genea, please visit www.GetGenea.com.

Learn more at the Genea blog, www.getgenea.com/news/blog/, featuring industry news and updates. To follow Genea on Twitter, please visit www.twitter.com/GetGenea or like us on Facebook at www.facebook.com/getgenea/. Connect with us on LinkedIn at www.linkedin.com/company/getgenea.

SOURCE Genea



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