CORRECTING and REPLACING MeLLmo Secures $30M Funding Led by Sequoia Capital as Demand for Roambi Soars Worldwide

First Round of Institutional Financing Comes as MeLLmo Inc. Expands Roambi Product Line and Opens Offices in Boston, New York City, San Francisco, London and Shanghai

CORRECTION...by MeLLmo, Inc.

SAN DIEGO--()--Second graph, first sentence of release, a company name was misspelled and should read: Vodacom SA (sted Vodcaom SA).

The corrected release reads:

MELLMO SECURES $30M FUNDING LED BY SEQUOIA CAPITAL AS DEMAND FOR ROAMBI SOARS WORLDWIDE

First Round of Institutional Financing Comes as MeLLmo Inc. Expands Roambi Product Line and Opens Offices in Boston, New York City, San Francisco, London and Shanghai

MeLLmo Inc., provider of innovative mobile applications that allow users to view and interact with critical business information on-the-go, today announced that it has secured $30 million through its first round of institutional funding led by Sequoia Capital. With this round of financing, MeLLmo will continue to transform the way business professionals interact with data by continuing to develop innovative Roambi products, expanding its San Diego headquarters and growing its worldwide presence including offices in Boston, New York City, San Francisco, London and Shanghai.

Since its launch in 2009, MeLLmo’s customer base has grown to include many of the world’s largest companies and organizations such as Primerica and Vodacom SA, with Roambi customers, resellers and partners now in 14 countries worldwide. The latest funding round will allow MeLLmo to meet growing international demand for Roambi with new offices, new regional hires and localized versions of Roambi Analytics and Roambi Flow.

Designed for companies of all sizes, the award-winning Roambi Analytics application transforms business reports and data into immersive mobile analytics, instantly delivered to any iPhone or iPad. MeLLmo’s latest product Roambi Flow is a new information publishing platform that enables any executive or worker to create and share all types of business information and intelligence via an intuitive, digital magazine-like report or publication — securely on the iPad. Roambi Flow will be available in the coming weeks.

“Enterprises and small-to-medium sized businesses alike have embraced the iPhone and iPad as business tools, making it possible for employees to view and interact with important company data in a revolutionary way,” said Santiago Becerra, chairman, CEO and co-founder of MeLLmo, Inc. “Through our partnership with Sequoia Capital, we will be able to meet the growing demand for Roambi throughout the world while also advancing our technology so it continues to deliver the best experience to its users.”

“In today’s 24x7 world, busy employees at all levels of the organization need convenient access to reports and data, while in the office or on the go, right from their mobile devices,” said Greg McAdoo, Partner at Sequoia Capital. “With 86 percent of Fortune 500 companies deploying or testing iPad in their enterprises*, Roambi is riding the wave of iOS device penetration into corporations worldwide which has positioned them as a market leader in enterprise mobile applications.”

This is MeLLmo’s first round of institutional funding since it was founded in January 2008. Previously, MeLLmo had raised $20M from individual investors and the company founders. As part of MeLLmo’s partnership with Sequoia Capital, Greg McAdoo will join MeLLmo’s board of directors, and David Spector will join as a board observer.

*Source: Apple, Inc. Q3 2011 earnings call

About MeLLmo

MeLLmo, Inc. is reinventing the mobile business application to improve the productivity and decision-making of on-the-go, always-on workers. The company's flagship product, Roambi Analytics, is a mobile business intelligence solution that makes company reports and data quick to access and easy to interact with, via immersive dashboard-style analytics on any iPhone or iPad. MeLLmo's latest offering, Roambi Flow, allows people to tell the story behind their mobile analytics on any iPad through engaging magazine-style reports and publications built with a simple point and click publisher tool. Headquartered in San Diego, CA, MeLLmo has offices and resellers around the globe, and a worldwide customer base of Fortune 500 companies and SMBs across a diverse range of industries including: telecommunications, biotechnology, pharmaceuticals, consumer technology, packaged goods and others. For more information about MeLLmo or Roambi, visit http://www.roambi.com.

About Sequoia Capital

Sequoia Capital provides venture capital funding to founders of startups who want to turn business ideas into enduring companies. As the "Entrepreneurs Behind the Entrepreneurs", Sequoia Capital's Partners have worked with innovators such as Steve Jobs of Apple Computer, Larry Ellison of Oracle, Bob Swanson of Linear Technology, Sandy Lerner and Len Bozack of Cisco Systems, Dan Warmenhoven of NetApp, Jerry Yang and David Filo of Yahoo!, Jen-Hsun Huang of NVIDIA, Michael Marks of Flextronics, Larry Page and Sergey Brin of Google, Chad Hurley and Steve Chen of YouTube, Dominic Orr and Keerti Melkote of Aruba Networks, Tony Hsieh of Zappos, Omar Hamoui of AdMob, Steve Streit of Green Dot and Reid Hoffman and Jeff Weiner of LinkedIn. For more information, visit: www.sequoiacap.com.

Contacts

The OutCast Agency
Liz Clinkenbeard or Alex Kirschner, 415-392-8282
mellmo@theoutcastagency.com

Release Summary

MeLLmo Inc., provider of innovative mobile business applications, today announced that it has secured $30 million through its first round of institutional funding led by Sequoia Capital.

Sharing

Contacts

The OutCast Agency
Liz Clinkenbeard or Alex Kirschner, 415-392-8282
mellmo@theoutcastagency.com