Mobile business consolidation: Xora and Gearworks merge
Xora and Gearworks, two venture-backed companies that make mobile business applications, announced today that they’re merging. The companies say that by combining into a single entity (also called Xora), they’ll become far-and-away the top competitor in the market.
Both companies specialize in location-based mobile business applications — applications used to track employees and equipment and to help manage your workforce. Gearworks president and chief executive Todd Krautkremer says the deal came after he tried to raise… Continue Reading
Xora raises $4M for mobile workforce management technology
Xora, a Mountain View, Calif. provider of mobile workforce management technology, has raised a $4 million venture loan from MMV Financial Inc, according to VentureWire (subscription required).
The company has raised more than $11 million in venture capital, including from Dawntreader Ventures.
Xora, which says it has more than 7,500 customers, helps companies track and record start times and the location of employees by giving them an Sprint Nextel GPS Java mobile phones.