[EMAIL] InfoGation gets funding
31 August 2000
Hi - please let me know if you need more info. LEWIS P.R. Inc. J. Kelly Peterson 619 702 5571 johnp@lewispr.com INFOGATION OBTAINS FIRST ROUND VENTURE CAPITAL OF $3.5 MILLION San Diego, CA - August 31, 2000 - InfoGation Corp., a leading developer of telematics software and services connecting cars to the Internet, announced today that it has obtained its first round of venture capital of $3.5 million from Nextreme Ventures and BridgeWest. The investment will be used primarily to expand into developing location-based information and commerce applications that will improve the safety, productivity and overall experience of drivers. InfoGation will also expand its sales and marketing activities as well as senior management team. "We selected Nextreme because of its focus, commitment and expertise in wireless Internet access, and their belief that telematics is a huge untapped global market whose time has come," said Ken Liu, InfoGation's CEO. "From the first meeting on, we knew we were going to do a deal with Nextreme because of their value-add in the wireless communications industry." Nextreme Ventures and BridgeWest are investment funds focused on the wireless communications sector. Both funds are affiliated with Wireless Facilities, Inc. (Nasdaq:WFII), the global leader in wireless communications infrastructure management services. "We are very excited about InfoGation because it is an early leader in telematics--the convergence of wireless access, the Internet and vehicles; the possibilities are endless," said Taher Behbehani, CEO of Nextreme Ventures who will be on the Board of Directors of InfoGation. "We invested because we are impressed with InfoGation's core management and technical teams, current products and customers, and the company's vision." About InfoGation Infogation Corp. is a leading developer of telematics software and services that connect cars to the Internet. Its products and services improve the safety, security, productivity and overall driving experience. InfoGation enables car manufacturers, tier-1 auto suppliers, fleet operators and wireless carriers to provide value-added services, product differentiation, increased customer retention and incremental revenues. InfoGation, Microsoft and Clarion Co. Ltd. of Japan worked together to create the Microsoft Windows CE for Automotive platform, the leading open development platform in the automotive industry. InfoGation's customers and partners include some of the world's leading car, tier-1 automotive supplier and wireless portal companies such as Microsoft, Clarion, Visteon (NYSE:VC), Peugeot Citroen, Navigation Technology, Go America (Nasdaq:GOAM) and Freightliner. Founded in 1996, InfoGation is headquartered in San Diego, California. See www.infogation.com for more details. ----------------------------------------------------------------------- Andy Oliver LEWIS P.R. Inc. Marketing and Media Relations for Technology Companies 1901 First Avenue San Diego, CA 92101 USA Tel: +1 619 702 5571 Fax: +1 619 702 5573 Tel: (M) +1 619 246 7256 Tel: (H) +1 858 638 9930 Web: http://www.lewispr.com ----------------------------------------------------------------------- We don’t have a mission statement, just some favorite words: creativity, credibility, dedication, detail, empathy, experience, flexibility, fun, goodwill, humility, inspiration, integrity, motivation, obsession, optimism, pace, personality, positive, professionalism, progress, synergy, technical know-how, value and work-rate. -----------------------------------------------------------------------