UPDATED 09:48 EDT / DECEMBER 21 2010

MeLLmo Secures $10 Million in a Series C Round of Financing

A leading provider of innovative mobile apps that allow on-the-go business professionals to stay connected to critical company information, MeLLmo announced that it’s secured $10 million from several private investors. The company has gotten an accumulated funding of $20 million in three separate rounds since its launch in 2008, this one being the third and the biggest, which will be utilized to meet the rising market demand for Roambi, MeLLmo’s mobile business app for on-the-go analysis and decision-making. The company is aiming for product innovation and global-go-to market strategy.

To elaborate the importance of the company’s focus on the expansion of its mobile offerings, this boils down to the increased productivity brought by access of critical company reports and data via mobile devices. A research conducted by Arbeen Group reveals that a handful of organizations are investing on multiple business intelligence systems which gives users ability to access data in a common format from multiple sources. This is makes data access from mobile possible making mobile BI solutions compatible with multiple data sources important. In order to expand Roambi’s offerings to ride into the wave of this trend, MeLLmo has added connectivity to major business intelligence systems and data sources as well, such as Microsoft, IBM, Microsoft, Oracle, SAP, Endeca, Google and Saleforce.

“As the workforce becomes more mobile, MeLLmo is helping enterprises and small to medium sized businesses take full advantage of the iPhone and iPad as business tools,” said Santiago Becerra, Chairman and co-founder of MeLLmo, Inc. “Our third round of funding will allow us to expand globally, delivering Roambi to a worldwide market. We will continue to develop strategic reseller, system integrator and technology partnerships with industry-leading companies, and invest in further enhancements to the unparalleled Roambi experience for viewing and interacting with business data on a mobile device.”

Roambi suites is composed of Roambi Lite, Roambi Pro, and Roambi ES3, turning business reports and data into intuitive mobile analytics and dashboard-style for individual, workgroups, SMBs and enterprises, which can be accessed immediately from the iPhone or iPad. The ability to access critical company data from their mobile phone while on the go will make a significant improvement on decision-making and productivity. With such offerings, Roambi is recognized by businesses around the world.

“As a MeLLmo System Integration Partner, we have already seen great success in delivering Roambi’s sleek, interactive mobile dashboards to clients who depend on mobile BI as a part of their business strategy,” said Chris Ovens, General Manager of SpotOn Systems. “With Roambi we are able to deliver best-of-breed mobile analytics capabilities to our users. We are excited to be partnering with MeLLmo to expand services to this growing market base.”

Also a major step for MeLLmo is the appointment of their new Vice President for Marketing, Kirk Cunningham.


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