April 9, 2013

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MokiMobility Secures $2 Million Investment

Press Release

April 9, 2013

Salt Lake City — MokiMobility, a Utah start-up that provides a cloud-based platform for managing, monitoring and securing tablets and smartphones including mobile point-of-sale devices, has raised $2 million in seed funding. The investment will be used to expand the MokiMobility platform. The $2 million round of funding was led by investment firm Epic Ventures. Additional individual investors include Spencer Tall, partner at Allegis Capital and Tyler Smith at Fusion-IO.     

"As companies rush to deploy mobile devices for customer-facing applications, particularly as mobile point-of-sale terminals, the need to properly secure, manage and monitor these devices becomes ever more urgent," said Tom Karren , CEO of MokiMobility. "With this investment, MokiMobility is positioned to expand our platform to better enable developers, merchants and solutions providers with the security, monitoring and management their innovative solutions require."                        

This investment comes on the heels of a recent report from RIS, which cites 52 percent of U.S. retailers are planning to add tablets as purposed devices within the next 24 months and 32 percent within the next year.

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