TOA Technologies Raises $66M from Technology Crossover Ventures

TOA Technologies, a Beachwood, OH-based provider of a cloud-based field service management software solution, raised $66m from Technology Crossover Ventures (TCV).

In conjunction with the funding,¬†TCV’s Tim McAdam will be joining TOA Technologies’ Board of Directors.

The company intends to use the funds for global expansion as it pursues a broadening variety of organizations with mobile employees.

Founded in 2003 by Yuval Brisker, CEO, TOA Technologies developed ETAdirect, which leverages cloud, mobile, social and context-aware technologies, as well as the predictive and actionable information it delivers in real-time, to allow large enterprises manage their field services (e.g. the right field employee gets to the right appointment with the right tools and the right information, on-time, every time).

The company, which serves a wide array of industries including telecommunications and pay TV, utilities, B2B services, healthcare and retail, has offices throughout Europe, Latin America, Australia and New Zealand.



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