Roam Data Inc., a Boston-based provider of mobile application services, has raised $6.5 million in VC funding from the investment arm of payments company Ingenico SAS.
ROAM Data, Inc. a Boston-based Mobile Application Service Provider (MASP). This investment was lead by the $6.5 million from Ingenico Ventures, the investment vehicle of Ingenico SAS, the world leader in payment solutions (as announced earlier this week by Ingenico at the largest payment conference in the world.) Other prominent private investors in the round also include payment industry icon George Wallner, founder and former CEO of Hypercom, the #3 payment terminal provider in the world.
“We are tremendously honored to have such investors from the payment industry endorse ROAM, it is a testament to our technology innovation and our value proposition.” Commented Will Graylin, Chairman and CEO of ROAM Data, “Our mobile commerce services are now being launched by payment processing giants like First Data and Chase Paymentech, and are supported on every major mobile carrier in the United States including Sprint, AT&T, Verizon, and T-Mobile.”
ROAM’s patented and PCI certified technology enables it to be the only provider to dynamically deliver rich commerce applications to service end-users on their own mobile phones – from smart phones like the iPhone, BlackBerry, Windows Mobile, Android, to feature phones from Nokia, Samsung, LG, Motorola and others running J2ME and Brew. Beyond the over 400 different mobile devices supported, ROAM’s technology can also run on PCs/Macs and proprietary transaction terminals. ROAM’s co-founders Will Graylin, CEO; Michael Arner, CTO and John Rodley, VP of Engineering have been working together in the mobile and payment industry for over a decade. They lead the innovations that break old limitations that have prevented mobile business and commerce application from being widely available across most mobile phones.
ROAM’s initial solutions target the large untapped market of mobile professionals and micro-merchants – from outdoor sales, plumbers, electricians, to enterprises with fleets of delivery drivers, installers, or direct sellers like Avon, Mary Kay, Herbalife, or Tupperware.
ROAM’s fully hosted service model delivers generic payment applications like secure credit and prepaid debit card processing, as well as customized business applications for enterprises like real-time order entry, inventory management, CRM and more. ROAM services include application provisioning and management to hundreds of different devices, as well as a 24 x 7 service & support center to help mobile professionals more conveniently do their business.
Mr. Graylin added: “This round of investment will further accelerate our technology and service offerings and help us expand to new territories through Ingenico’s large commercial presence. We are thrilled to have such a partner to work with.”
About ROAM Data
ROAM Data is a mobile applications and commerce gateway service provider, with highly scalable solutions that leverage its patented device agnostic platform to dynamically deliver valuable real-time information and transactions to mobile professionals on their own mobile phones, as a service. Payment Processors, Direct Sales Companies, SaaS (Software-as-a-Service) Providers and Systems Integrators look to ROAM to deliver user friendly real-time mobile data transactions and secure payments. ROAM’s platform is fully PCI compliant, and meets the highest security standards in the industry. ROAM provides fully hosted services with 24X7 support to reduce complexity and total cost of ownership for IT departments, improving time-to-market and quality of their mobile application services. Visit us at www.roamdata.com.