Dexterra Secures $21.5 Million Funding Round Led by New Enterprise Associates

Investment Round to Provide Continued Growth for Market-Leading Mobile Enterprise Application Platform and Software Provider

Oct 6th, 2008

"With this additional round of financing we aim to continue driving the direction of the mobile enterprise software market and reinforce our position as the leading provider of mobile business platform and applications," said Michael Liebow, chief executive officer, Dexterra. "Reinvestment in the company from the existing investors demonstrates their continuing support in our team, technology, business vision and the overall market opportunity for advanced mobile business software that help organizations maximize their enterprise application investments through mobility."

Seatek Company, a leading manufacturer of specialty tools for the electrical and datacom field, is expanding its line of cable stripping products with the addition of the "Ring-Cut Master", catalog CT-255. This unique cable preparation tool was designed to strip the most difficult cables that utility knives or standard blades can not handle. The AC powered CT-255 can rotary cut external high strength solid steel wire armor on electro-mechanical cables (EM cables) or fiber-optic cables with its diamond abrasive blade. These cables are used in harsh environments such as offshore drilling platforms, submersible equipment (ROV umbilicals), military applications, etc. which are very labor intensive to install. The Ring-Cut Master can also efficiently rotary cut cables and hoses protected with solid or braided shields.

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