Mobile Computing Firm Receives Equity Funding
Future Horizons Inc. has received a significant capital investment of close to $10 million from New York-based InSight Capital Partners. Future Horizons will use the investment to fuel the six-year-old software company`s growth, marketing and sales and product development efforts.
“Insight Partners is the premier investor in private software companies with a very successful track record,” said Joe Mediate, Future Horizons president and CEO. “They have a history of backing winning technology companies and we`re very pleased to be working with them.” A veteran software marketer, Mediate pointed to InSight`s investments in other software and technology firms, including Think Systems; Exchange Applications; Meta4, SA; Software Technologies Corp. and others.
Founded in 1992, Future Horizons offers an integrated suite of software that delivers real-time information to remote, field service technicians. Its software is capable of delivering wireless dispatching, peer-to-peer and peer-to-host messaging, work order management, asset-tracking, global positioning, digital photography transmission and other remote communications functions.
Insight Capital Partners is a private equity investment firm that invests in companies in the software-based segments of the information technology industry. n