New Funding Fuels RedSky Technologies' Location-Based Services Product Development

Automated Location Information Products to help Service Providers

Mar 04, 2008, 00:00 ET from RedSky Technologies, Inc.

    CHICAGO, March 4 /PRNewswire/ -- RedSky Technologies, Inc., the leading
 provider of location information management and E911 software to the
 enterprise market, announced today that it completed a new round of funding
 from its current investors, CID Capital and Dunrath Capital.
     "This latest investment will accelerate efforts to leverage RedSky's
 expertise in location information to bring to market products that enable
 location-based services," said Tony Maier, CEO of RedSky. "Our investors'
 ongoing commitment to the company's operational plan, product development
 and channel expansion has been a key driver in RedSky's growth."
     RedSky currently markets enterprise E911 software including E911
 Manager(TM) and E911 Anywhere(TM) that works with IP-based and traditional
 PBX telephone systems from providers such as Avaya, Cisco and Nortel to
 capture, manage and deliver the location of 911 callers to emergency
 dispatchers. The Company also is taking 911 knowledge and capabilities to
 the service provider market.
     "What is impressive to us is RedSky's success in building the dominant
 brand in the enterprise market while simultaneously moving forward
 aggressively with product development, taking the Company into larger,
 lucrative location-based services markets," said John Abernethy, Managing
 Director of Dunrath Capital.
     "RedSky has successfully established itself as a leader in the
 enterprise software market, and we are impressed with the company's ability
 to execute key facets of the business," said Raj Pai, Managing Director of
 CID Capital. "As a software company, RedSky is clicking on all cylinders."
     About RedSky
     Headquartered in Chicago, IL, RedSky Technologies
 ( is the leading provider of software to automate
 E911 for large enterprises, government agencies and educational
 institutions. With more than 50 Fortune 500(R) customers and more than 300
 total customers, RedSky products track the locations of telephone users as
 they move inside and outside the enterprise, providing critical location
 information in the event of a 911 call.
     About CID Capital
     Since its founding in 1981, CID Capital ( has
 been a leading provider of equity capital to private companies
 headquartered throughout the United States. It has invested in over 100
 companies and in each investment has partnered with high-caliber,
 successful entrepreneurs and business owners. In the role of investment
 partner, CID Capital's investment professionals work actively alongside
 management and other shareholders to deliver superior investment returns.
 CID Capital currently manages more than $490 million in two distinct forms
 of investment capital: venture capital and private equity.
     About Dunrath Capital
     Dunrath Capital ( is a research-based private
 equity and strategic advisory firm. Headquartered in Chicago, the Dunrath
 team has extensive operating and investment experience in the sectors in
 which they invest and advise. The current principal investment fund,
 Dunrath Capital Infrastructure Surety Fund, LP, invests in early and
 growth-stage companies delivering infrastructure surety products and
 services. Infrastructure surety is defined as those products and services
 that identify, protect, or defend against threats to modern

SOURCE RedSky Technologies, Inc.