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CloudMine Raises $5 Million Series A Financing Led by Safeguard…

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With a low network of vital partners and high-potential customers, total with common imagination in building businesses, Safeguard will beam and accelerate CloudMine’s arise to marketplace leadership.

Philadelphia, PA (PRWEB) Mar 03, 2015

CloudMine, a industry’s many secure cloud mobile platform, announced that it lifted a $5 million Series A financing round, led by Safeguard Scientifics (NYSE:SFE) with appearance by MentorTech Ventures, DreamIt Ventures, DeSimone Group Investments, Ben Franklin Technology Partners, Mid-Atlantic Angel Group, Robin Hood Ventures and other angel investors. CloudMine will use a deduction to heighten a product and enhance selling and sales functions.

Since a initial in 2011, CloudMine’s height has turn a pivotal component of mobile expansion plan and design for craving IT departments of all sizes. CloudMine’s height offers a mobile-optimized apartment of services, enabling craving developers to fast build and muster secure mobile applications for worker capability and consumer engagement. For both mobile and connected device initiatives, CloudMine’s program eliminates a need for ongoing upkeep and management, accelerates expansion time by adult to 70%, and provides a standardized, IT-approved expansion height opposite all business units.

By focusing on rarely supportive verticals such as healthcare, pharmaceuticals and retail, CloudMine solves a augmenting plea of progressing confidence and compliance, including HIPAA and HITECH, while balancing a augmenting precedence of a mobile cloud. Through partnerships with Infrastructure-as-a-Service (“IaaS”) companies including Rackspace and CenturyLink, as good as a network of digital agencies and complement integrators, CloudMine offers a business stretchable deployment models, high-touch support engagements, and a consultative sales routine to accommodate a rarely individualized needs of any singular enterprise. CloudMine’s business embody Mylan Specialty, Endo Pharmaceuticals, Barnes Noble College, and Digitas Health.

“As mobile becomes a pivotal motorist of craving information expenditure and interaction, heading enterprises that use CloudMine can concentration on building abounding and enchanting mobile experiences,” pronounced Brendan McCorkle, Co-Founder and Chief Executive Officer during CloudMine. “Enterprise expansion teams rest on CloudMine for easy-to-use, extensive backend expansion production and information optimization that accelerates time to smoothness and improves focus performance, correspondence and security. We are anxious to have Safeguard lead a initial institutional turn of financing. With a low network of vital partners and high-potential customers, total with common imagination in building businesses, Safeguard will beam and accelerate CloudMine’s arise to marketplace leadership.”

“CloudMine is revolutionizing a approach mobile apps are grown in a enterprise,” pronounced Philip Moyer, Managing Director, Technology during Safeguard. “Most enterprises are traffic with 3 infrastructures—their bequest environment, their cloud, and their infrastructure indispensable to build mobile applications. CloudMine unifies these infrastructures creation it easy for an craving to emanate scalable enterprise-grade mobile applications that are first-class adults of their infrastructure and governance model. Brendan and his executives have fabricated a clever entrepreneurial group who have demonstrated extensive traction in only a few brief years. We are vehement to be a partial of CloudMine’s expansion story.” Mr. Moyer, along with David Luk, Principal, Technology during Safeguard, will join CloudMine’s house of directors.

About CloudMine

CloudMine is an craving mobility association that provides a HIPAA-compliant Managed Mobility resolution to accelerate development, discharge upkeep and order cross-organizational mobile IT. By firmly consistent open cloud with private data, CloudMine enables a subsequent era of craving mobility by permitting craving expansion teams to fast mobile-enable their bequest applications while gripping them cumulative behind a craving firewall. CloudMine’s Managed Mobility apartment is being used by world-class enterprises including Mylan Specialty, Endo Pharmaceuticals, Barnes Noble College, and Digitas Health to expostulate mobile-first solutions. For some-more information, revisit CloudMine during http://www.cloudmine.me, job 855.662.7722, or following us on chatter @CloudMine.

About Safeguard Scientifics

Safeguard Scientifics, Inc. (NYSE:SFE) has a renowned lane record of fostering creation and building marketplace leaders. For 6 decades, Safeguard has been providing expansion collateral and operational support to entrepreneurs opposite an elaborating spectrum of industries. Today, Safeguard is focused privately on dual sectors—healthcare and technology. Specifically, Safeguard targets early- and growth-stage companies in promotion technology, digital media, financial technology, craving software, Internet of Things, devices, diagnostics, digital health and medical IT. Currently, Safeguard has 26 partner companies located via a United States with operations and business worldwide. Recent successful exits embody Alverix (acquired by Becton, Dickinson for $40 million); Crescendo Bioscience (acquired by Myriad Genetics for $270 million); NuPathe (acquired by Teva Pharmaceutical Industries for $144 million); and ThingWorx (acquired by PTC for initial deduction of $112 million). For some-more information, greatfully revisit http://www.safeguard.com or Follow Us on Twitter @safeguard.

Forward-looking Statements

Except for a chronological information and discussions contained herein, statements contained in this recover might consecrate “forward-looking statements” within a definition of a Private Securities Litigation Reform Act of 1995. Our forward-looking statements are theme to risks and uncertainties. The risks and uncertainties that could means tangible formula to differ materially include, among others, a ability to make good decisions about a deployment of capital, a fact that a partner companies might change from duration to period, a estimable collateral mandate and deficiency of liquidity from a partner association holdings, fluctuations in a marketplace prices of a publicly traded partner association holdings, competition, a inability to obtain limit value for a partner association holdings, a ability to attract and keep competent employees, marketplace valuations in sectors in that a partner companies operate, a inability to control a partner companies, a need to conduct a resources to equivocate registration underneath a Investment Company Act of 1940, and risks compared with a partner companies, including a fact that many of a partner companies have a singular story and a story of handling losses, face heated foe and might never be profitable, a outcome of mercantile conditions in a business sectors in that Safeguard’s partner companies operate, and other uncertainties described in a filings with a Securities and Exchange Commission. Many of these factors are over a Company’s ability to envision or control. As a outcome of these and other factors, a Company’s past financial opening should not be relied on as an denote of destiny performance. The Company does not assume any requirement to refurbish any forward-looking statements or other information contained in this press release.

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