If Esso puts a tiger in your tank then what does TigerText put into your mobile? Thanks to an infusion of $21 million in Series B, the company hopes to create “industrial grade” SMS for enterprises, allowing employees at big companies to share data and messages in a secure, encrypted environment.
While SMS is fast-becoming a staple both in and outside of the workplace to enable more efficient workflow, nowhere is there a greater need for realtime mobile communication tools than in the health industry. As the healthcare industry embraces technology in effort to reduce its soaring costs, it is quickly moving to a adopt more patient-centric models, where providers will be judged on how well they can improve the outcomes of “We, The Patient.”
These outcomes are becoming increasingly dependent on fast and efficient communication between doctors and patients, and a secure, realtime mobile communication platform can help doctors to more effectively deliver the kind of care we all want. Not surprisingly then, TigerText CEO Brad Brooks says that upwards of 70% of healthcare enterprises are now regularly using SMS for workplace communication.
TigerText’s secure, regulation-compliant network and app have become popular in healthcare as a result, where SMS tools generally lack compliance and stand in violation of laws based on security and recipient authentication. Using the company’s app, staff and colleagues at any enterprise organization can securely message each other from any smartphone, tablet or computer within an environment that can be managed by the enterprise.
Because TigerText is addressing the increased proliferation of SMS in workplace communications, especially those where text messaging traditionally hasn’t been industry-compliant (and can pose data breach risks), Brooks says that the company has been able to achieve its third consecutive year of triple-digit sales growth. The company is now working with 7 percent of Fortune 500 companies and dozens of the top hospitals in the U.S.
The $21 million Series B financing was led by Shasta Ventures, a firm that is no stranger to enterprise investing, having backed companies like Care.com, Zuora and Zenprise. Joining Shasta were OrbiMed, Reed Elsevier Ventures, and TELUS Corporation, along with returning Series A investors, Easton Capital, New Leaf Venture Partners and New Science Ventures. The round brings the company’s total funding to just under $30 million.
via TechCrunch » Startups http://ift.tt/1clnAid
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