Fixmo Raises US$6.5M in Series B Financing

Fixmo Inc., a Toronto, Ontario, Canada- and Sterling, VA-based provider of end-to-end infrastructure management solutions for mobile devices, has raised US$6.5m in Series B financing.

The round was led by new investor Panorama Capital, with participation from existing investors Rho Ventures Canada, iNovia Capital, Extreme Venture Partners and the company’s management.

Fixmo plans to use the new capital to expand the business and further develop its products.

Founded in July 2009 by CEO Rick Segal and Shyam Sheth, the company has developed and provides the Sentinel platform, a solution designed to mitigate the risk of mobile deployments by providing device assurance, policy compliance, and device audit. It also features an interface that allows administrators to manage the different facets of their enterprise’s mobile devices, including provisioning, through usage monitoring, analysis and reporting.

With the launch of Fixmo Tools in early 2010, the company has added solutions that address challenges enterprises face dealing with the complexity and risk of mobile devices in their workforces.



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