LOS ANGELES--(BUSINESS WIRE)--ISBX, developers of a market leading cross-platform mobile development solution for brands and businesses, has secured $750,000 in funding from Taiwan based angel investors, The Chen Group. ISBX has been utilizing its investment money to pioneer research and development, as well as expand its offerings and core technologies.
Since launching in January of 2010, ISBX has grown in revenue an average of 25% every month. The company attributes its financial performance to a cost-efficient model as well as utilization of its mobile technology in the enterprise application segment.
“Most early-stage companies would never talk about their revenues, but we believe our technology and business model is solid and can demonstrate it with a strong track record of financial growth,” said Arthur Iinuma, Chief Operating Officer at ISBX and head of Capital Finance. “Our market research consistently informs us of the potential for significant expansion of the mobile app universe, with enterprise poised as the next growth segment.”
ISBX is focusing resources on technology innovation and is looking for potential partners or acquisition candidates. The company is also expected to solicit a first round of venture financing in Q4’10.
ISBX offers cross-platform mobile development solutions for companies looking to capitalize on the exploding mobile application market has offices in Los Angeles, California and Manila, Philippines and employs over 25 individuals.
The company’s Avenue Mobile platform is a proprietary framework for deploying applications, with an unlimited variety of features, across virtually any mobile platform such as iPhone, Blackberry, Windows Mobile, Android and Symbian, at a fraction of the time and cost. Backed by private investors in both the U.S. and Asia, ISBX’s roster of clients includes NBC Universal, Warner Brothers, CW Networks, and Sony Pictures. For more information on ISBX’s Avenue Mobile platform, please visit http://www.isbx.com.