Tuesday, September 26, 2006

Visto Secures $51 Million for Mobile Push Email Services

Visto, a start-up based in Redwood City, California, raised more than $51M in new financing for its secure push email for mobile professionals.

Visto said it has more than tripled its subscriber base in the past year, announcing almost a dozen new mobile operator customers across North America, Europe and Asia. Visto now offers support for over 100 of the most popular email- ready mobile phones. These handsets come equipped with Visto Mobile 5.5. It works in real time with POP3, IMAP, Microsoft Exchange and Lotus Domino email solutions for personal to business email access.

Visto will use the funds to grow its subscriber base within some of the world's largest operators such as Vodafone and Softbank and to fuel continued global expansion while supporting the sustained development of innovative mobile technology.

In addition, Visto announced that Barry Schuler, the former Chairman and CEO of America Online, has joined Visto's Board of Directors.

Investors include Oak Investment Partners, Draper Fisher Jurvetson, Meritech Capital Partners, DFJ ePlanet Ventures, VantagePoint Venture Partners, DFJ Growth Fund, Rustic Canyon Ventures, Allegis Capital, GKM and Blueprint Ventures.


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