Mobilengine's Multimillion Dollar Series A Fundraising Round Closes

Global Success and Expansion Drives Investment in Mobilengine

Oct 13, 2015, 09:00 ET from Mobilengine

BOSTON, Oct. 13, 2015 /PRNewswire/ -- Mobilengine, the definitive PaaS leader of rapid mobile application deployment in B2E, announces the closure of its Series A funding round. The company earned over $5 million in its first foray into the venture-funding market, achieving 50 percent revenue growth year-over-year.

Investors see Mobilengine as a high-value vendor in the booming mobile application development platform market, which is estimated to be worth upwards of $50 billion by 2019. The explosive need for enterprise business-to-employee mobile applications has made Mobilengine stand out from others in the industry. Albrecht Otto from Valor Capital says that "Mobilengine has changed the landscape in the B2E workforce agility and enablement. We see Mobilengine as a defining technology in the $50B app business - regardless of vertical market."

Now with capital funds and backed by investors, Mobilengine is poised to globally dominate the MADP market in Construction, Telecommunications, Equipment Rental, Manufacturing, Logistics, Retail, HealthCare and many more sectors.

Adam Dalnoki, founder at Mobilengine says that "With the MADP market set to explode, these assets will enable Mobilengine to completely seize sectors that drastically need mobile applications and platforms that allow them to easily develop, deploy and support solutions across all sectors. We see organizations require agility and just in time response for customer satisfaction, compliance, and reducing DSO."

Mobilengine offers a rapid mobile application development platform that is cost-effective, scalable and reliable – via web services and open APIs. With offices in London and Budapest and headquartered in Boston, Mobilengine has been providing large enterprises around the world with cutting-edge cloud-based MADP solutions. The platform enables organizations to deliver business-customized native mobile workflow applications to employees 90 percent faster than other mobile application development tools and platforms. Because Mobilengine supports backend systems in the cloud, IT teams are given a majority of the underlying mobile application code and infrastructure components, ensuring that businesses only need to code 10 percent of the application.

Mobilengine clients' currently include organizations such as Siemens, McGee, 3M and Citibank, as well as companies in a variety of other industries. The business also has integration partnerships with major telecommunications firms such as T-Systems, Vodafone and Atos.

About Mobilengine
With over a 1,000 customers, Mobilengine PaaS is the definitive standard for business-to-employee mobile application development. Mobilengine provides users with an all-in-one, cloud-based platform to develop, launch, manage and monitor mobile enterprise workflow applications, ensuring that developers only need to customize 10 percent of the solution in order to deliver high-quality native applications at a rapid pace. This ecosystem is comprised of a management portal, developer portal, connectors and analytics systems, acting as a one-stop shop for organizations that need many mobile applications but lack the time or experience to create them.

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SOURCE Mobilengine