Soonr, a provider of cloud applications for protection and synchronisation of critical files and mobile productivity, has secured an additional USD4.5m of financing from existing investors and HighBAR Ventures, an early stage and structured venture capital firm.
The funding will be used to grow sales, marketing and partnership efforts and to accelerate the company’s continued expansion into new markets.
“Soonr is a pioneer in cloud backup and synchronisation and has a successful track record of working with service providers around the world,” says John Kim, managing partner at HighBAR Ventures. “Our investment will allow Soonr to accelerate its partnership strategy and expand its world-class Software-as-a-Service platform.”
According to AMI-Partners, the US market for small business online storage/backup is expected to grow from USD138m to USD295m by 2013, while the smart phone device and data services market will double from USD2.5bn to USD5bn during the same time frame.
“Our customers have told us that they appreciate an integrated suite of services,” says Martin Frid-Nielsen, co-founder, chairman and chief executive of Soonr. “For a predictable monthly fee, business owners can now secure all of their data and leverage cloud software and services in a meaningful and measurable way.”
The Soonr service works across worldwide carrier networks and major handset operating systems including iPhone, Android and Blackberry smart phones.
