Telogis Secures $93 Million in Financing to Meet the Global Demand for Location-Based Intelligence
Round led by Kleiner Perkins Caufield & Byers
ALISO VIEJO, Calif. – Oct. 1, 2013 — Telogis has closed $93 million in institutional capital financing led by Kleiner Perkins Caufield & Byers (KPCB). Telogis intends to utilise the investment to further capitalise on the large and rapidly growing multi-billion dollar market for location-based products and services designed specifically for enterprises and organisations with substantial numbers of mobile workers and vehicles. KPCB was joined in the round by several other leading growth equity and crossover institutional funds. KPCB partner Ryan Popple has joined Telogis’ board of directors.
Telogis provides a software-as-a-service (SaaS)-based platform for companies that require dynamic routing, real-time work order management, commercial navigation, telematics and mobile integration services for their workforces in the field.
“Telogis is the software leader for enterprise management of mobile resources,” said Ryan Popple of KPCB. “Telogis improves productivity and efficiency, helping some of the world’s largest enterprises solve demanding problems in routing, navigation and business management. We’ve followed the company for several years, and have been continuously impressed with their ability to innovate and lead the market. I am looking forward to being a part of Telogis’ board and working closely with the leadership team in support of the company and technology.”
Since its founding in 2001, Telogis has been privately financed by its founders, management and other individuals, and today’s round represents its first outside raise of institutional capital. Transitioning its investor base to include a diverse set of growth equity and crossover institutional investors gives Telogis significant additional resources to further its leadership in innovation and capitalize on the market.
“KPCB is one of the preeminent names in technology investing, and we are proud to become part of a roster of companies that includes some of the world’s most well-known SaaS, enterprise and green companies,” said David Cozzens, CEO, Telogis. “In partnership with KPCB, Telogis will continue to focus on innovation and providing technologies and solutions that enable enterprises and organisations to optimize the management of their mobile assets including better data collection and analysis.”
Since 2011 Telogis has been the exclusive technology provider for Ford Motor Company, powering its factory-installed Ford Crew Chief telematics solution for Ford commercial vehicles. Telogis also partnered with Volvo Trucks earlier this year to co-develop new telematics and navigation services for Volvo customers.
Telogis continues its momentum that includes its rankings on Inc. Magazine’s “Inc. 5000” list of the fastest-growing companies for its seventh consecutive year, and the Deloitte Technology Fast 500 for several years running. The company was named No. 1 in innovation by ABI Research among 19 industry competitors, and was also recognized with a Stevie Award for customer service and is consistently named as a ‘best place to work’ by regional business publications.
Morgan Stanley & Co. LLC acted as sole placement agent on the transaction, and Paul Hastings LLP served as legal advisor to Telogis.
Telogis, a Verizon Company, is a leading global, cloud-based Mobile Resource Management (MRM) software company based in Aliso Viejo, California. Many of the world’s largest and most well-known commercial fleets connect their vehicles, assets, people, customers and the work that’s being done outside the four walls of their business through the Telogis MRM platform. Once connected, Telogis software will optimize and automate work and processes to drive safety, productivity, efficiency and sustainability in businesses of all sizes. Leveraging Verizon’s expansive scale and assets, Telogis is able to deliver opportunities to improve every aspect of technology deployment and implementation. To learn more about Telogis, visit www.telogis.co.uk, follow us on LinkedIn and Twitter @Telogis, like us on Facebook or call toll free on +44 (0) 203 005 8805.