|[August 12, 2014]
Push Technology Grows U.S. Presence with More than $5 Million in Series A Funding
LONDON & SAN JOSE, Calif. --(Business Wire)--
Push Technology, a leading provider of data distribution solutions
enabling scalable and efficient Web and mobile applications, today
announced that it has expanded its presence in the U.S. with a new West
Coast office, backed by more than $5 million in Series A funding from Leopard
Rock Capital and other existing and new shareholders.
Already, a third of Push Technology's new business has come from its New
York City office this year, so expanding to the West Coast was a natural
next step in the company's progression and continued growth. Its new
U.S. headquarters in San Jose, California will be supported by new staff
amid a 30 percent global workforce increase. Employees in the San Jose
office will aim to grow Push Technology's customer base in North
America, promote product integrations with new, strategic U.S. partners
and further existing partnerships, including with IBM.
"We are delighted at the opportunity to support Push Technology at this
stage in its growth," said Gavin Spencer of Leopard Rock Capital. "The
company is helping businesses around the world ensure the performance o
their apps at scale. Demand for solutions like Diffusion will only
increase as data becomes more integral to consumers' daily use of
connected devices. We believe Push Technology has great potential to
grow its presence, both in its industry and across global markets."
This news comes shortly after Push Technology's launch of Diffusion
5.0, which helps organizations achieve new levels of performance at
scale for efficient application data delivery. With a new unified API,
enhanced performance, high availability and easy integration with
enterprise assets, the platform helps organizations get to market faster
with high-performance, scalable, real-time apps and for these to be
deployed across a range of mobile operating systems, networks and
clients. This is especially important as consumers demand always-on
connectivity for machine-to-machine (M2M) technology, over-the-top (OTT)
services, Internet of Things apps and wearable devices.
"We're already seeing growing interest in Diffusion from U.S. companies,
so establishing an official presence State-side was key to capitalizing
on that interest," said Sean Bowen, CEO at Push Technology. "The Bay
Area, in particular, is a hotbed of next-generation apps and new
technologies, and represents a strategic opportunity for us to grow our
presence in the U.S., especially as data-heavy trends like the Internet
of Things, M2M and Mobility adoption continue to develop."
About Push Technology
Push Technology solves the complexity around data distribution by
optimizing application data to offer organizations intelligent delivery
of real-time data to any device regardless of connectivity or location.
The Company's robust and innovative flagship communication platform,
Diffusion™ helps to reduce infrastructure requirements while delivering
high performance and scalable services to any Internet connected device.
Push Technology works with organizations in the e-gaming, financial
services, telecommunications, healthcare, media and broadcast and
transportation sectors to optimize data, mobile application performance,
Web scale and data acceleration. Delivering data that's live to the
millisecond, Push Technology ensures that businesses can deliver
engaging real time customer experiences to drive revenues, increase
competitiveness, develop new business models to reduce network strain
and recover costs and also elevate consumer engagement across multiple
channels in real time.
Customers include Betfair, Betdaq, Cognia, Lloyds Bank, Oddschecker,
Racing Post, Sportingbet, Tradition and William Hill. For more
information, visit www.pushtechnology.com.
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