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."
Headquartered in Chicago, IL, RedSky Technologies
(http://www.redskye911.com) 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 (http://www.cidequity.com) 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 (http://www.dunrath.com) 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.