Cognito iQ raises new equity funding
Cognito iQ, the UK-based provider of cloud-based mobile workforce management solutions, has raised new multi-million equity funding from its existing shareholders to continue its growth drive. In a statement issued today (20 January), Cognito iQ said that since the release of its Operational Performance Management product suite in 2014, it has signed more than 20 new customers in the UK alone and has set the course for doubling its deployed subscriber base in 2016.
Laurent Othacéhé, Cognito iQ’s CEO, commented: “We are delighted that our shareholders enthusiastically support our ambitious growth plans. Operational Performance Management (OPM) is the next revolution in the Mobile Workforce Management industry, with potentially an even greater impact than Mobile Applications and Real-Time Scheduling had over the last 10 years.”
Kane Bayliss, Partner at Graphite Capital, added: “Cognito iQ’s recent string of successes confirms our view that there is huge growth potential in the Mobile Workforce Management space for a vendor with the right visionary approach.”
Cognito iQ is working with a number of clients in the delivery sector, including Argos and Hermes.
