Press Releases

AIRCLIC COMPLETES INVESTMENT ROUND

Motorola ventures leads series B financing to expand AirClic's sales and marketing infrastructure

NEWTOWN, Pa., Nov. 22, 2004—AirClic, a leading provider of mobile business automation solutions, today announced it has closed its Series B venture financing.

The round of financing was led by Motorola Ventures, with additional participation from several individual investors. AirClic will use proceeds from the round to continue to expand its sales and marketing activities, including the expansion of regionally based sales teams.

Motorola Ventures, the global, strategic venture capital investment arm of Motorola, Inc. (NYSE: MOT), invests at all stages in developing companies of strategic value to Motorola to accelerate access to new technologies, new markets, and new talent.

Since 2003, AirClic has focused on providing business process automation solutions enabling enterprises to transform how they manage and report their field activities. AirClic enables companies of any size to quickly and easily replace labor-intensive manual systems with AirClic’s rapid application customization and on-demand service that leverages existing wireless infrastructures and handsets. Within weeks, customers can deploy a customized AirClic solution that meets their unique business process needs – all without any need to purchase, install, or maintain new systems and third-party software.

“We are pleased to make this investment in AirClic,” said Matthew I. Growney, Managing Director, Motorola Ventures. “With its strong portfolio of wireless technology, we believe AirClic will play a valuable role in designing and implementing supply chain and field service management solutions worldwide”.

“We’re delighted to secure this capital infusion from these prestigious, successful investors,” said Bob Hurst, chairman of AirClic. “Their confidence in our technology, our approach, and our people is gratifying and inspiring. We will use the proceeds to accelerate our growth by investing in a sales team that will enable us to further capitalize on the momentum we have clearly developed.”

About Motorola

Motorola, Inc. (NYSE: MOT - News) is a global leader in wireless, broadband and automotive communications technologies that help make life smarter, safer, simpler, synchronized and fun. Sales in 2003 were US $27.1 billion. Motorola creates innovative technological solutions that benefit people at home, at work and on the move. The company also is a progressive corporate citizen dedicated to operating ethically, protecting the environment and supporting the communities in which it does business. Motorola Ventures (MV) is the global, strategic venture capital investment arm of Motorola, Inc. MV actively invests at early stages in developing companies of strategic value to Motorola in order to accelerate access to new technologies, new markets and new talent. For more information: www.motorola.com.

About AirClic

Headquartered in Newtown, Pa., AirClic is a leading provider of mobile process automation solutions that enable companies to quickly, easily, and cost-effectively deploy mobile applications based on their business processes. With AirClic, organizations have fast, inexpensive visibility to see the “who, what, where, when, and why” of their field operations and drive new levels of accountability and customer service without the high costs and risks of custom implementations.

AirClic is a registered trademark and AirClic MP is a trademark of AirClic, Inc. in the United States and/or other countries. All other trademarks or registered trademarks are property of their respective holders.

For more information, contact:

AirClic
Matt Matsui
651-222-9791
matt.matsui@airclic.com

Lois Paul & Partners
Jolene Hajj
781-782-5849
jolene_hajj@lpp.com

Printer-friendly version