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Agilix Labs, Inc. Raises $4.35 Million to Launch Mobile eLearning Solutions; Company Receives Funding from vSpring Capital, Ash Capital, and Intel Capital.

Publication: PR Newswire
Publication Date: 16-AUG-04 		Format: Online - approximately 1096 words
Delivery: Immediate Online Access

Article Excerpt
OREM, Utah, Aug. 16 /PRNewswire/ -- Agilix Labs, Inc., a leading developer of mobilized software, today announced it has closed a $4.35 million funding round led by vSpring Capital with a syndicate of Ash Capital and Intel Capital. "Agilix is pleased to welcome vSpring Capital, Ash Capital and Intel Capital as new investors in this important funding round," said Curt Allen, Agilix President and CEO. "Agilix has spent the last three years developing a market-leading solution for Mobile eLearning, achieving profitability in the process. This new funding allows us to accelerate revenue growth by expanding our sales and marketing organization and further leveraging the partnerships to support the world-class R&D team already in place for the Agilix GoBinder(TM) 2005 and Mobilizer(TM) for Blackboard offerings."

"We believe Agilix has developed key technologies for mobilized software applications and is positioned as a leader in the mobile eLearning marketplace. The Agilix management team has a track record for building successful companies and delivering market-leading products. We...

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