LOS ANGELES, Oct. 18, 2016 /PRNewswire/ -- Utelogy Corporation, creator of enterprise audio/visual control, management, services and analytics software for use in higher education and enterprises, announced that it has successfully closed a fully-subscribed, private equity offering with a small group of private Accredited Investors at an undisclosed value. Funds from this offering will support the company's current growth trajectory including software developers and additional support staff.
"We're extremely pleased with the growth we've experienced over the last year, and it's time to enhance our commitment to changing the paradigm with additional development of the platform along with new features," explained CEO Frank Pellkofer.
In September, Utelogy announced joining the Cisco® Solution Partner Program where it's able to quickly create and deploy solutions to enhance the capabilities, performance and management of the network to capture value in the IoE (Internet of Everything).
"Higher education and the enterprise environment are thinking about their upcoming digital transformation and the IoE, and it's time to give IT/AV integrators the tools to be an active player in that transformation," added Pellkofer.
Utelogy Corporation publishes a software-defined AV control and management platform for end-users including higher education, corporations and emergency response centers as well as AV and IT integrators. Utelogy is a flexible, scalable software solution for control, management, and analytics of AV systems that puts the power in the hands of the user.
For more information, visit http://www.utelogy.com/.
*PHOTO Caption: Frank Pellkofer, Co-founder and CEO, Utelogy.
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SOURCE Utelogy Corporation