Xora Secures $4Million in Series B Funding

Market Wire, 20050229

Xora Inc, the leading provider of mobile solutions for enterprise applications announced the close of $4 million in Series B funding. Xora solutions for Mobile Sales, Service and Email/Personal Information Management provide out-of-the-box mobile extensions for leading enterprise applications such as Siebel, Amdocs-ClarifyCRM, SAP, Oracle Applications, MS Exchange and Lotus Notes.

Xora has several production deployments in Global 3000 companies, and has developed strong momentum through partnerships with Motorola, Amdocs, AT&T Wireless, Siebel and IBM. Customers using the Xora mobile platform to deploy mobile field service, email/information management and sales solutions include Aspect Communications, KLA-Tencor, ParTech, Intuitive Surgical, and MGE UPS Systems.

"Xora's ability to raise funding in a difficult venture capital market is an indication of the strength of the company's business value to enterprises that are under growing competitive pressure to deliver solutions for their mobile workforces," said Sanjay Shirole, CEO of Xora. "This round of funding will help Xora consolidate its leadership position, while providing the financial stability that customers and partners demand," continued Sanjay Shirole.

The second round funding was secured from SoundView Ventures, an existing investor in the company. "We continue to believe that Xora's cutting-edge technology, world-class partners, marquee customers and experienced management team uniquely position the company to continue to take advantage of the large and growing opportunity we see in the mobile enterprise market," stated Ned Carlson, Senior Vice President of SoundView Ventures. "During a difficult year for enterprise software vendors, Xora has continued to experience sales and channel momentum. They are well-positioned to be profitable with this funding, and perhaps most importantly, to become the clear market leader in mobile enterprise computing."

"Mobile Solutions for Field Service and Sales personnel can improve productivity, reduce costs and improve customer satisfaction," said Stephen Drake, Mobile Infrastructure Software Program Manager, at IDC, a leading provider of global IT research and advice. "Mobile infrastructure software providers developing solutions with pre-built functionality for CRM, SFA, FFA and other applications, minimize integration and simplify deployment. As enterprise customers continue to realize the value of mobile solutions, priorities for wireless and mobile deployment projects will increase," added Drake.

About Xora

Xora Mobile Solutions deliver reduced operations costs, increased productivity and improved customer service for enterprises. Xora Mobile Solutions are available today, and provide out-of-the-box Mobility Connectors for leading software vendors such as Siebel, Oracle, SAP, ClarifyCRM, PeopleSoft, Remedy, Microsoft Exchange and Lotus Notes. Xora partners include Motorola, PointBase, RIM, Palm, Siebel Systems, Amdocs, IBM, Oracle, AT&T Wireless and Hewlett-Packard. Xora is privately funded with over $11mm in venture capital from SoundView Ventures and individuals. The company was founded in 1999 and is based in Mountain View, CA. For more information, visit www.xora.com or call 650-314-6460, or e-mail info@xora.com.

About SoundView Ventures

SoundView Ventures is the venture capital arm of investment banking firm SoundView Technology Group, Inc. With over $300mm under management, SoundView Ventures (www.ventures.soundview.com ) focuses on early stage investments in information technology and Internet companies and actively works with management to build market-leading enterprises. Representative portfolio companies include NetForensics, ProactiveNET, Moreover, InterSAN and Active Buddy.