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Intel Capital Leads $9M Investment in FeedHenry to Power Growth in Cloud-Based Mobile Enterprise Solutions



  Intel Capital Leads $9M Investment in FeedHenry to Power Growth in
  Cloud-Based Mobile Enterprise Solutions

Business Wire

BOSTON & WATERFORD, Ireland -- May 2, 2013

FeedHenry, a provider of cloud- based mobile enterprise application solutions,
today announced that it has secured $9M (€7M) in a funding round led by Intel
Capital. The funding includes a seven figure investment from existing investor
Kernel Capital. Other existing investors VMware Inc., Enterprise Ireland and
private investors also participated and were joined by new investment from ACT
Venture Capital. This new funding will provide FeedHenry with the capital to
accelerate the international roll out of its mobile application platform that
draws on critical cloud-based technology.

FeedHenry provides a next generation mobile application platform that helps
businesses build mobile app solutions that integrate securely to their
business through the cloud.

“Increasingly, enterprises are viewing mobile apps as transformative to their
business operations,” commented Cathal McGloin, CEO, FeedHenry “As
organizations evolve towards more complex apps with connections to multiple
backend systems, the need for a cloud-based mobile application platform is
compelling. This new investment will give us the means to continue to innovate
and expand the capabilities of our platform to better serve our growing
customer base.”

“FeedHenry has already gained significant momentum and credibility in the
enterprise mobility market segment and we see this investment as a way to
contribute to its growth and international expansion,” said Marcos Battisti,
Managing Director for Intel Capital, Western Europe and Israel. “The mobile
application market segment for enterprise is at a tipping point and those
companies delivering a comprehensive solution that provide both an end to end
mobile development strategy and a way to implement applications easily and
securely will be at the forefront of the market segment.”

According to Forrester’s Enterprise Mobility Research Report, the mobile apps
market segment is expected to reach $37 billion by 2015. Since FeedHenry’s
inception, the company has seen significant traction of its cloud-based
mobility platform with global customers in a wide range of industries
including healthcare, travel and transportation, business services and
utilities. Partnerships with mobile operators and cloud vendors have also
extended FeedHenry’s international reach. The Company believes that the
current mobile enterprise market segment combined with FeedHenry’s scalable
technology platform and flexible engagement model, positions it well to grow
the business.

About Intel Capital

Intel Capital, Intel's global investment and M&A organization, makes equity
investments in innovative technology start-ups and companies worldwide. Intel
Capital invests in a broad range of companies offering hardware, software, and
services targeting enterprise, mobility, health, consumer Internet, digital
media and semiconductor manufacturing. Since 1991, Intel Capital has invested
more than US$10.8 billion in over 1,276 companies in 54 countries. In that
timeframe, 201 portfolio companies have gone public on various exchanges
around the world and 317 were acquired or participated in a merger. In 2012,
Intel Capital invested US$352 million in 150 investments with approximately 57
percent of funds invested outside North America. For more information on Intel
Capital and its differentiated advantages, visit www.intelcapital.com or
follow @Intelcapital.

About FeedHenry

FeedHenry provides next generation, cloud-based mobile enterprise application
solutions that simplify the development, deployment and management of mobile
apps for enterprise. The FeedHenry platform enables development of native,
hybrid and HTML5 apps that securely connect to multiple backend systems and
supports deployment of server-side code to private, public or hybrid cloud
environments. The solution offers IT departments the ability to create,
control, measure, adapt and future-proof their mobile business strategies for
employees, partners and customers in one place, increasing productivity,
connectivity and engagement. Visit www.feedhenry.com and follow @FeedHenry.

Contact:

for FeedHenry
Aoife Kimber, 650-773-7288
akimber@kimberpr.com
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