Blog Post

Visage Mobile Raises $4.5 Million As Restructuring Becomes History

San Francisco-based Visage Mobile has raised $4.5 million to continue building out its business that helps companies manage employees’ usage of smartphones and mobile broadband services. The second round was led by Qualcomm (NSDQ: QCOM) Ventures with and participation from existing investors Worldview Technology Partners, ATA Ventures, Vesbridge Partners and Emergence Capital Partners.

The company’s MobilityCentral software is used by more than 150 companies, including Dole, Trident Seafoods and Manson Construction. Previously, Visage Mobile had raised $90 million to provide management systems to MVNOs, including Disney (NYSE: DIS) Mobile and Embarq. But after that market imploded, Visage was forced to retool its business. In October 2007, it used some of its cash to acquire a start-up called Agistics and also sold some assets to Convergys. Those two events, plus restructuring its commitments to investors, gave it the ability to start from scratch. In total, it has now raised $6.5 million as the new company.