BETHESDA, MD – Pervacio Inc., a company selling mobile device management software and services, has raised $3.6 million of a $5.3 million offering, according to a regulatory filing. The offering includes equity and conversion of debt into stock.
Founded in 2004, Pervacio raised a $500,000 first round. Founders Sanjay Kanodia, CEO and Alex Chernyakov are veteran software executives.Investors include Bethesda-based Vital Financial and Massachusetts-based Long River Ventures.
The company’s Revolution Device Management Platform is comprised of 13 individual products and 27 features, services and agents delivered over a Web interface. It is a device and network agnostic solution, and supports Windows Mobile, Palm OS, Windows Laptops, BlackBerry, Symbian, Android & iPhone based devices, while the server component runs within a SaaS environment.
With the explosion of smartphone use in companies, we suspect that Pervacio is poised to do well. According to news releases on its Web site, it weathered the economic downturn well.
Contact Tech Journal South Editor and writer Allan Maurer: Allan at TechJournalSouth dot com.