Mar 27 — Agentek, a provider of real-time, mobile field force software solutions, recently closed an $8 million Series A round of investment, led by Edison Venture Fund, Lawrenceville, NJ. The funds will be used to expand field automation product development as well as sales and marketing operations.
“The mobile field force market is set to explode and Agentek is positioned as the software development leader," says Joe Allegra, the Edison general partner who will join Agentek’s Board. “Executives look at their kids’ mobile devices and marvel at the much more powerful applications compared to those used by their own company’s field force. Agentek has what is needed: a powerful, comprehensive solution to quickly build robust enterprise-class mobile solutions.â€
Agentek’s software solutions enable service-minded organizations to improve field force productivity and efficiency, reduce service related fuel, parts, and vehicle costs, and improve customer service and retention.
“The investment validates our market and solution vision and allows us to accelerate our momentum,†according to Agentek CEO Jeff Jarvis. “The promise of mobile solution business breakthroughs has been around for years, mostly unfulfilled except for costly, complex custom solutions. Now, with radically reduced mobile equipment and connection costs, the economics are there for mobile applications breakthroughs. This investment allows us to greatly expand the reach of Agentek’s product and service offerings.â€
