Cisco Leads $9.5 Million Series B Round in Mobile Platform Innovator SoonR

(Business News & Technology News, 9 Jan 2008)

SoonR has closed a strategic $9.5 million Series B investment led by Cisco, intended to help the company expand its mobile platform and advance its new partner-driven distribution strategy. Previous investors Intel Capital and Clearstone Venture Partners also participated in the round. Total investment in the two-year old company now stands at $15.5 million.

SoonR's platform brings the computer desktop and mobile worlds together as never before. Through SoonR, users can easily access, back up and share files on their desktop computer while on the go, right from their mobile phone or Internet-enabled device—and even when the computer is turned off. Documents created in a number of applications, such as Microsoft Word, Excel and PowerPoint, appear just as they would on a computer screen and Outlook calendars and email are easily accessed. Data on the user's computer is continuously backed up, allowing it to easily be restored should the computer be lost or stolen.

SoonR's platform is designed to provide mobile professionals with integrated and comprehensive mobile services that are so useful and intuitive that they become part of the daily work lives of users. SoonR's partner-driven distribution strategy offers major carriers worldwide a branded, customizable and premium service with a compelling revenue model.

In the last six months, SoonR has announced partnerships with TeliaSonera, a major telecommunications operator in Denmark, as well as a joint development and marketing partnership with Texas and London-based QuickOffice to provide next-generation mobile services. SoonR has forged partnerships with additional international carriers and is in pilot trials with others.

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