siliconindia | | May 20148Fonemine to Cruise with $4.5 million in Series B FundingSirionLabs secures $4.7 million in Series A Funding from Sequoia CapitalJagadish Bandhole founded Fonemine, a provider of Cloud-based Enterprise Mobile Application Solutions, has secured $4.5 million Series B round of financing led by Michigan eLab. This increases the total funding to $11.3 million till now. The latest financing will be used to execute accelerated growth strategy that will include the expansion of the company's sales, business development and marketing efforts, and extending the capabilities of Fonemine's flagship product MobileForce to address the evolving customer requirements. Sunnyvale, CA based Fonemine's MobileForce solution enables Enterprise sales, service, channel partners and end-customers to access key enterprise data through unified mobile apps that run on iOS, Android, Blackberry and HTML5 platforms. Its native apps are cloud-driven, secure and role-based with touch-optimized UI, rich interactions and device personalization enabling their users to find the right information at the right time from anywhere. Driven by escalating demand for a comprehensive, scalable and secure mobility solution that could rapidly and cost-effectively connect to enterprise systems, the number of Fonemine clients has increased significantly in the last year. Multiple Fortune 500 companies in diverse industries have successfully deployed Fonemine's MobileForce solutions Most recently, Fonemine added Cisco, Fujitsu, Brocade, Estes, VCE and Hillwood to its client roster, joining many other notable F500 enterprises.Witnessing a momentum in the customer base, the company will expand its leadership by adding Mark Bloom as Sr. Director of Product Marketing and Management, and Industry veteran Joseph Coglitore who has been appointed to the position of VP of North America Sales where he will be responsible for creating and implementing strategies to drive sales and market share. "Joe and Mark both bring strong leadership and a wealth of enterprise experience to their new roles at Fonemine, they will help in guiding company's efforts to grow and mature over the years ahead," says Jagadish Bandhole, CEO, Fonemine.SirionLabs, founded to radically simplify governance of strategic suppliers, has secured $4.7 million in Series A funding from Sequoia Capital. SirionLabs will use this fund for R&D and to accelerate market and product development plans.As a part of the new round of funding, Shailendra Singh, Managing Director at Sequoia Capital, will join the SirionLabs board of directors. "We believe SirionLabs can become a very large SaaS company in the vendor governance and vendor management space, in the post-procurement phase of sourcing," says Shailendra Singh. Michigan based SirionLabs was founded by UnitedLex founder Ajay Agrawal and industry veteran Claude Marais in 2012. The company is aiming to transform the world of supplier governance with their flagship product Sirion which was released in September 2013. It helps businesses simplify the management of key suppliers and lower the cost of governance by delivering critical intelligence on demand and automating the full spectrum of contracts, performance tracking, invoice processing, risk, relationship alignment, and consumption on a single, integrated platform. "SirionLabs' mission is to deploy this approach to radically simplify the procurement of strategic services and bring its unfulfilled promise of increased savings and efficiency to organizations of all sizes," says Ajay Agrawal, CEO & Co-founder, SirionLabs. "Traditional procurement and service delivery products cannot be improved to address this problem because they are simply not geared to bring all the key disciplines of post-signature supplier management into a single platform. Further, they lack the ability to bring the enterprise focus down to the obligation level where the real value leakage takes place," adds Agarwal. Ajay AgrawalJagadish Bandhole
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