TORONTO, May 9 /PRNewswire/ -- Viigo, the software company behind a
revolutionary way to publish, discover and consume content on mobile
devices, today announced RBC Venture Partners has made a $1.5 million
follow-on investment to Viigo's first round of venture capital funding. To
date the company has raised $7.9 million in angel and institutional
investment.
"RBC Venture Partners understands that as consumers around the world
rapidly adopt smartphones, they are demanding that useful, interactive
content be delivered in a practical and compelling way," said Mark Ruddock,
President and CEO of Viigo. "We're excited to be working with the team from
RBC to leverage both their insights and their relationships in the mobile
space."
The investment will allow Viigo to further accelerate the release of
Project Tango, Viigo's new product offering, scheduled for public Beta in
June of this year, and advance the company's global sales and marketing
activities.
Viigo's software -- designed to humanize the mobile experience -- lets
users stay on top of breaking news, locate the best restaurants, find out
about local attractions, monitor the performance of stocks, check the
weather, lookup flight schedules, track the status of flights, and receive
real-time sports scores, all through one simple, made-for-mobile interface
smartphone users won't want to be without.
With this follow-on to the first round of funding, David Unsworth,
Director at RBC Venture Partners, will join Viigo's board of directors. "As
consumers across the globe are driving smartphone adoption and demanding
more meaningful content, Viigo's technology leadership can have a strong
impact on the way a new generation of business users and consumers interact
with mobile devices," said Unsworth. "We're excited to work with the Viigo
team to help drive this vision forward."
Headquartered in Toronto, Viigo was founded in 2004 with the objective
to create compelling and useful solutions for the mobile industry. Company
founders Tas Tsonis, Brian Goldberg, and Jay Steele are experienced
veterans of the mobile software industry, having spearheaded wireless
startup Plazmic Inc. which was acquired in 2001 by BlackBerry(R) developer
and manufacturer, Research in Motion.
Viigo's highly-reviewed debut application is currently featured by
Research In Motion (RIM) on their BlackBerry mobile page, is showcased in
the RIM Built for BlackBerry campaign and is also the "featured app" on
Microsoft's Windows Mobile Owners Circle. Viigo has also been selected as
the official mobile conference application for BlackBerry's upcoming
Wireless Enterprise Symposium.
About Viigo
Viigo Inc. develops and markets one of the world's most popular mobile
content and services applications for smartphones. With over 5,000 channels
and information services, Viigo customers around the world enjoy
up-to-the-minute access to news, weather, sports, market performance,
entertainment, and blogs in one intuitive, simple, freely downloadable
application.
For more information, visit http://www.viigo.com. To get the current version
of Viigo on your device today, go to http://www.getviigo.com from your mobile
browser.
About RBC Venture Partners
Established in 1997 and headquartered in Toronto, RBC Venture Partners
is the venture capital investment arm of RBC (RY on the TSX and NYSE) with
over C$300 million under management. RBC Venture Partners invests directly
in early and growth stage software, technology and services companies
targeting the financial services and other vertical markets. For more
information visit rbc.com/vp.
Contact:
Alex de Bold
VP Web Marketing
Viigo Inc.
+1 (416) 646-6539
alex.debold@viigo.com
SOURCE Viigo
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Related links:
http://www.viigo.com
CONTACT:
Alex de Bold, VP Web Marketing, Viigo Inc.,
+1-416-646-6539, alex.debold@viigo.com
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