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VeliQ closes $9m round as it looks to accelerate growth in the mobile device management market

Alex Bausch. Photo taken from VeliQ’s website.
Alex Bausch. Photo taken from VeliQ’s website.Credit:

VeliQ, a Dutch company with 100 employees that recently opened a Boston office, said it has closed on a $9 million Series B round of financing.

The round was led by Northcap, with T-venture to follow-up on its 2011 seed investment, the company said in a press release. Northcap’s Kim Wiencken will join VeliQ’s board of directors.

VeliQ says it has created a mobility Platform as a Service, or mPaaS, for the mobile device management market. In 2009, it launched an mPaaS solution it calls MobiDM, which is designed to enable secure management of the rapidly growing number of smartphones, tablets, and mobile apps within an organization.

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“Our mission is to make the management of all mobile devices in an organization as simple and secure as possible,” Alex Bausch, founder and chief executive of VeliQ, said in a statement. “Years of development have culminated in a complete mPaaS platform based on solidly proven technology. Our current yearly growth rate is in excess of 100 percent, and more and more telecom service providers and system integrators are keen to offer the MobiDM ecosystem to their customers. We chose Northcap from a range of interested investors because of their long-term strategy and expertise in scaling growth companies internationally.”

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