GeoSentric haalt nog eens 13 miljoen dollar financiering binnen van ..

AMSTERDAM, Nederland--(BUSINESS WIRE)--10 sep, 2007-- GeoSentric Oyi, 's werelds toonaangevendste ontwikkelaar van geo-sociale netwerktechnologie, meldt dat het 13,1 miljoen dollar heeft opgehaald met een overschreven financieringsronde. De ronde werd geleid door de Horizon Group en Schroders Private Bank. GeoSentric gaat het geld gebruiken voor uitbreiding van haar marketing- en verkoopaanwezigheid in geselecteerde geografische gebieden wereldwijd. Tevens zal er geld worden uitgetrokken voor R&D ten behoeve van ontwikkeling en versnelling van de productenroadmap van het bedrijf.

 
( BW)(GEOSENTRIC) GeoSentric Secures Additional $13 Million Financing 
From New And Existing Investors; Strong Investor Support Positions 
Company To Drive Market Adoption of Geo-Social Networking Technology 
 
    Business Editors/Technology Editors 
 
    AMSTERDAM, Netherlands--(BUSINESS WIRE)--Sept. 10, 
2007--GeoSentric Oyi, the world's leading developer of geo-social 
networking technology, today announced that it has secured $13.1 
million (USD) in an oversubscribed round led by Horizon Group and 
Schroders Private Bank. GeoSentric will use the funds to expand its 
marketing and sales presence into selected global geographies, along 
with R&D that will develop and accelerate the company's product road 
map. 
 
    Led by former senior executives from Netscape, Oracle and AOL/Time 
Warner, GeoSentric develops high value solutions that deliver unique 
geo-based consumer and business applications that integrate a mobile 
user's world with their desktop, digital television and PND devices. 
 
    "This round of funding is a tremendous vote of confidence in our 
strategy, technology, intellectual property and team," commented Dan 
Harple, Executive Chairman of GeoSentric. "It signals our intent to 
become the leading global platform for the convergence of search, 
location and personal content as a new form of geo-social networking; 
connecting people with people, with the places they frequent." 
 
    "Our original target was to raise $5.5 million but, given the 
considerable investor interest that GeoSentric is attracting together 
with the potential size of the market, meant that we were compelled to 
increase the size of the round," added Harple. 
 
    GeoSentric's flagship product is the GyPSii platform, which uses 
pioneering geo-location software technology to connect people to 
people, and people to places with new and exciting social community 
and location-specific services. 
 
    Leading GeoSentric's Technical Advisory board is Dr. Andries van 
Dam, renowned computer scientist with fifteen years experience as a 
member of the Microsoft Research Technical Advisory Board. 
"GeoSentric's GyPSii platform represents the next step in the race to 
combine search, location and personal content into a new mobile and 
web based platform. I'm delighted to be part of the team that will not 
only help drive mass-market user-generated content, but also a way for 
users to intuitively share their places and points of interest with 
others." 
 
    Gary Bellot and David Francis, both from Horizon Group, will be 
joining the Board of Directors. "Our firm is excited about 
GeoSentric's innovative approach to the rapidly growing 
location-services and social networking sectors. The team has a 
tremendous track record, a truly global-focused business plan, and the 
market and technology to redefine how users interact and communicate 
with their mobile devices," stated David Francis. 
 
    About GeoSentric 
 
    GeoSentric is a developer of location-based technologies, 
delivering products and services that connect people to places and 
networks, from work to play to home. 
 
    It develops the leading geo-integration platform for mobile phone 
devices, personal navigation devices, web browsers, and 
Internet-connected devices, and provides applications and bundled 
ODM/OEM solutions for consumer and B2B markets, built on the 
convergence of location based services, social networking, search, 
mobile & Web 2.0 technologies. GeoSentric is an ISO 9001:2000 
certified provider. 
 
    CONTACT: EMEA: 
             Companycare Communications for GeoSentric 
             Alex Sowden 
             or 
             Rachael Parker 
             Tel: +44 (0) 118 920 7650 
             geosentric@companycare.com 
             or 
             Americas: 
             communications@gypsii.com 
 
 
 
Disclaimer: Deze bekendmaking is officieel geldend in de originele  
brontaal. Vertalingen zijn slechts als leeshulp bedoeld en moeten  
worden vergeleken met de tekst in de brontaal welke als enige,  
juridische geldigheid beoogt.