Venture Firm Pumps $66 Million into TOA

Venture capital firm Technology Crossover Ventures has invested $66 million in TOA Technologies, which provides cloud-based software for improving productivity and managing mobile work forces for companies like cable and telecom providers.

 

This investment will power TOA’s continued global expansion “as it pursues a broadening variety of organizations with mobile employees,” the companies said. The company seeks to make sure “the right field employee gets to the right appointment with the right tools and the right information, on-time, every time, improving productivity and enhancing the customer experience,” TOA said.

 

"Field service has become a strategic component of every service business. As a result, organizations worldwide are rethinking the technology they use to run their mobile operations," said Yuval Brisker, co-founder and CEO of TOA Technologies. "The mobile, cloud and social revolutions have created a once in a lifetime opportunity for a new kind of software to finally do the job right. This solution must be flexible across all industries and business processes, across languages and geographies and available to anyone with a mobile device,” he said. "Our goal is nothing short of transforming the way people get and do their work in the field, helping companies realize what is possible when they put the best applications in the hands of their field management teams,” he said.