Neomar Raises $15 Million in Second-Round Financing from Clearstone Venture Partners
SAN FRANCISCO April 16, 2001 Neomar, an enterprise software company that develops solutions to enable Fortune 1000 companies to securely deliver Internet, intranet, and corporate applications to mobile professionals, today announced second-round financing of $15 million from Clearstone Venture Partners. Clearstone is a leading venture capital partnership focused on emerging software and communications companies. In conjunction with this announcement, Erik Lassila, managing director of Clearstone, has joined Neomars board of directors.
Clearstones investment in Neomar supports the development of the companys second generation of products, which includes the Neomar Enterprise Solution. The software offers corporate clients end-to-end secure wireless delivery of enterprise data, and includes tools to manage the most popular wireless smart devices, including those manufactured by Research In Motion Ltd., and Palm, Inc., as well as those based on Microsofts Pocket PC platform. The investment reflects Clearstones endorsement of Neomars solutions and business strategy.
Neomar is the only company delivering an end-to-end solution that directly targets the enterprise for management and secure delivery of corporate and customer data to wireless devices, while providing secure, timely access to information with a compelling user experience, said Erik Lassila, Clearstone managing director. This market focus, along with Neomars outstanding technology and management team, were key factors in our decision to invest in the company.
Neomars Enterprise Solution Suite includes server software for deployment behind the enterprise firewall (Neomar Enterprise Server), software for smart wireless devices (Neomar Microbrowser), and proxy software for wireless service providers (Neomars Secure Enterprise Router Proxy). The combined solution delivers data securely from origin applications and servers, through service provider and carrier networks, all the way to end-devices, without the service provider or carrier decrypting or otherwise altering sensitive information. Utilizing Certicoms advanced PKI security technology on the Neomar Microbrowser, the Enterprise Solution Suite enables users to access critical enterprise applications, such as corporate data, supply chain management, sales force automation, and customer relationship management, securely and remotely in real-time.
The support that Clearstone has already provided to Neomar has been extremely important to us. With this additional funding we can take the company to the next level, supporting a larger number of customers and building our next generation of products, said William R. Butch Winters, CEO of Neomar, Inc. Clearstones investment is a validation of our business strategy and the growing interest in wireless in the enterprise. It also reflects Clearstones confidence in our ability to execute.
Neomar is an enterprise software company that enables Fortune 1000 companies to securely deploy and effectively manage applications, data, and wireless devices in mobile computing environments. The Neomar Enterprise Solution enables the secure delivery of wireless data across any network and to any smart device. Neomar partners with premier systems integrators, wireless carriers, and technology companies to bring a full suite of wireless services to business customers. Neomars customers include Cingular Interactive, 724 Solutions, Bell Mobility, Palm, Inc. and Motient Corp. Neomar, a privately held company based in San Francisco, California, was founded in July 1999. For more information, please call 415-403-7300 or visit Neomars web site at http://www.neomar.com.
About Clearstone Venture Partners
Founded in 1998, Clearstone Venture Partners (formerly idealab Capital Partners) is an independent venture capital firm with nearly half a billion dollars under management. With offices in Los Angeles and Menlo Park, California, Clearstone invests in early stage technology companies in the areas of software and communications. The firms investors include investment entities of CalPERS, Goldman Sachs, HarbourVest, Horsley Bridge, JP Morgan, Merrill Lynch, MIT, and The State of Michigan. Clearstone has a history of leadership in financing and building high-growth technology companies, and has backed leading companies including Aceva Technologies, GoTo.com, MP3.com, NetZero, PayPal, PeopleSupport, PhaseBridge, and RealNames.