InSync Software, Inc. Announces $4.7 Million in Series B Funding

October 21st, 2009

Reuters: SAN JOSE, Calif., Oct. 20 /PRNewswire/ -- InSync Software, Inc., provider of the fabric for the world's leading RFID, GPS and sensor-driven line-of-business software applications, announced today that the company has closed $4.7 million in Series B funding. The latest investment round was led by existing investors Intel Capital and Rustic Canyon Ventures, along with participation by strategic individual investors.

The funding comes as InSync experiences increasing momentum and growth in its business. In 2009 alone, InSync has doubled its customer and partner base and completed major deployments of its award-winning iApp platform and Applications by market-leading companies such as Dole Foods, Bayer, SonicWall and others. Additionally, InSync has been rapidly expanding its global presence with customer wins in Asia, the Middle East, Canada and elsewhere.

Much of this activity has been recognized by the marketplace, as InSync's products have increasingly garnered the attention of customers, partners and industry analysts alike in 2008 and 2009 - culminating in numerous product and company awards from organizations including NSF International (for Food Safety), Managing Automation (for Food Safety and Yard Management), Supply and Demand Chain Executive (for Supply Chain), Inbound Logistics (for Logistics)and others.

InSync has developed a strong partner network comprised of industry-leading hardware providers, systems integrators and technology companies such as IBM,IDENTEC Solutions, Intermec, Motorola, Hewlett Packard, Honeywell and Mojix.

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