Catavolt, Inc., an Alpharetta, GA-based developer of a cloud middleware enterprise mobility platform, closed a $5m Series B funding.
The round was led by Toba Capital, with participation from existing investor FCA Venture Partners. In conjunction with the funding, Fran Dramis, former CIO of Bellsouth and current CEO of F. Dramis LLC, has joined the company’s board as Chairman.
The company intends to use the funds to expand the sales organization, market its cloud middleware platform and further expand the product innovation team.
Led by Chief Executive Officer George Mashini and Chief Technology Officer Glenn Osborne, Catavolt provides a patented middleware architecture that can aggregate data from all varieties of enterprise systems and deliver the data through the cloud to mobile devices offering an alternative to complex and costly mobile development platforms leveraging existing IT system assets.
FinSMEs
13/08/2013