This is definitely good news for our friends at Motion Computing, and a good sign that 2009 should be a better year for them than 2008. They just secured $6 million in new funding from new and previous investment companies.
Motion Computing ®, a leader in mobile computing and wireless communications, announced today that it has received funding of $6 million from New Enterprise Associates (NEA), Institutional Venture Partners (IVP), G-51 Capital, and other new investors. The funds will be used to drive continued expansion into the healthcare market and support international growth opportunities.
NEA, an investor in Motion’s earlier funding rounds, is a leading venture capital firm focused on the information technology and healthcare sectors and has funded approximately 550 companies to date. IVP, one of the premier later-stage venture capital firms and previous investor in Motion is also participating in the current funding round, as is Austin-based G-51 Capital.
““Since our first investment in Motion we have watched it develop through the introduction of innovative products and solutions, establishing a leadership position in the markets it serves,Ã¢â‚¬Â said Paul Hsiao, NEA Partner. ““We are committed to helping the company build on its success.Ã¢â‚¬Â
““Motion continues to bring cutting-edge solutions and products to the healthcare industry and we are pleased to be able to assist in Motion’s continued expansion,Ã¢â‚¬Â said Norm Fogelsong, IVP General Partner.