Mach 1 Development, Inc.™ Announces Closing of $500,000 Financing
AUSTIN, Texas, Feb. 20, 2013 /PRNewswire/ -- Mach 1 Development, Inc.™ ("Mach 1") is pleased to announce the closing of a $500,000 round of angel financing.
"The closing of this angel round represents a key milestone for Mach 1," stated Paul Greene, Mach 1's CEO. "We are privileged to have a group of investors who have technical and commercial strengths that complement our own."
Earlier this month, Mach 1 announced the general availability of DocuTRACER™, its software solution that enables organizations to tag, track, and trace the real-time creation, security classification, movement, genealogy and chain-of-custody of digital documents. Mr. Greene added, "We will utilize the funds from this closing to expand our sales channels and to further the development of our products, including expanding the DocuTRACER™ capability into the energy, medical, and financial services markets as well as using our API to integrate with Microsoft® SharePoint, SalesForce.com, DropBox, and other applications."
Mach 1 is building a robust family of products that focuses on tracing, locating, and analyzing utilization of cargo, people, and media. The company has an extensive military, government and commercial client list, and a global network of technology, distribution, and delivery partners.
About Mach 1 Development, Inc.
Serving global commercial, military, and government markets since 2007, Mach 1 Development, Inc. is a veteran owned small business with deep expertise, skills, and experience in identity, security, communications, hardware, and materials. Mach 1 has designed and built a robust portfolio of intellectual property assets that it utilizes to develop off-the-shelf and custom solutions. Mach 1 has an extensive global network of technology alliances, as well as distribution and delivery partners, which enables it to provide solutions that meet the most challenging information, communication, and security needs of its customers. Mach 1 has offices in Austin, TX and Ashburn, VA.
For more information, please contact Coleman Washington, Mach 1's Vice President of Operations, at 512-426-4543 or firstname.lastname@example.org. Additional information about Mach 1 can also be found at www.mach1development.com.
SOURCE Mach 1 Development, Inc.