Co-written with Tishin Donkersley
Scottsdale-based CellTrust, a company that offers mobile device security solutions, announced today it secured $10.5 million in Series A funding from Kayne Partners, a private equity group.
With this round, CellTrust intends to build out its infrastructure and hire additional team members to keep up with high demand for its products.
“Our entire team is excited to have such great partners supporting our mission to enhance secure mobile collaboration by providing enterprise with a product suite that archives and protects SMS messaging and voice content, helping organizations comply with global regulations,” said Sean Moshir, founder & CEO of CellTrust.
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CellTrust’s SecureLine product suite includes secure voice and SMS, and a phone number just for business which enables customers to easily separate personal and professional conversations on their smartphone. The result is two completely different phone numbers on a single SIM card.
Kayne Partners is the growth private equity group of Kayne Anderson Capital Advisors, which seeks out investment opportunities in industries such as energy and real estate, as well as big data and healthcare; they were listed as number 20 in the Top 100 Hedge Funds by Bloomberg.
“With an experienced leadership team, CellTrust is well positioned to continue disrupting the marketplace by providing enterprise customers with a truly unique mobile solution,” said Nate Locke, Managing Director, Kayne Partners. “We believe CellTrust will have a tremendous impact on a global scale.”
Who else received funding in 2014, check out our coverage at AZTB
