| Press Release |
Ref: PRPER33
Date: October 9, 2017
Investment capital drives next stage of growth at Pervacio
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Following on from a series of key contract wins, mobile device solutions specialist Pervacio has received an investment boost which will fuel further growth, taking the global business to the next level.
Since its launch in 2004 Pervacio has transitioned into a world-leading organization that enjoys successful partnerships with key industry stakeholders across six continents. Having secured a funding package of $8million, Pervacio is now even better equipped to pursue market opportunities - and so build its business - at a rate that would not be possible through organic growth alone.
Pervacio's CEO Sanjay Kanodia says: "Pervacio has grown extremely quickly, doubling in size year-on-year since 2012, and has now reached an important stage in its development.
"This injection of investment capital will facilitate expansion into markets where we don't currently have a presence, and will be particularly beneficial in helping us to target those regions where the most lucrative opportunities lie."
An ability to recognise industry problems and implement cutting edge research and development (R&D) to solve them is the ethos behind Pervacio. Thanks to the new investment, not only will the company be able to divert a larger proportion of its resources to accelerate product development, but it will also be able to enhance, and speed up, the sales process.
Pervacio has adopted the pilot model so, by definition, new customer contracts progress through several complex stages before a deal is concluded. By allowing the company to prove its technology capabilities without any requirement for capital investment by a potential customer, the investment is expected to act as a catalyst to the sales process, reducing the time it takes to get pilot programmes up and running.
One final, key area in which the investment will support Pervacio's business development is recruitment. As well as giving the organization a head start when it comes to attracting the best product developers and designers, the funding will allow it to consolidate and build the skills base within its existing teams.
Pervacio supports organizationswith patented products that simplify, centralize and speed up customer operations while also delivering key efficiencies. In an increasingly technologically advanced world carriers, manufacturers, retailers, enterprises, warehouses and insurance underwritersrely on Pervacio's suite ofproducts for the end-to-end management of mobile devices irrespective of network, device type, operating platform or where the device is in its usage lifecycle.
Caption: Mobile device solutions specialist Pervacio has received an investment boost which will fuel further growth, taking the global business to the next level.
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Editor's Notes
Established in 2004, Pervacio is a global company headquartered in the United States and operating in Canada, Hungary, India, Japan, Finland, Australia and the UK. Supporting businesses operating in the mobile device supply chain and consumer markets, its aim is to contain the cost of device management and improve customer service. Pervacio provides aweb-based software management platformto mobile device suppliers across the retail, enterprise (government and security) and warehouse sectors, as well as insurance underwriters and original equipment manufacturers (OEMs). Further information is available atwww.pervacio.comFollow Pervacio, Inc. on Twitter@PervacioInc
Follow Pervacio on Twitter@PervacioInc
Visit our Facebook page atwww.facebook.com/pervacio
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Media contact:
Martine Layland
CHANGEWORKS Communications
T: + 44 (0) 1785 247588
E: mlayland@changeworkscom.co.uk
Company contact:
Jason Saunt
Global Marketing Director
Pervacio Inc