MobileBI wins state tech support
MobileBI L.L.C. of Wallingford has partnered with Connecticut Innovations, the state”™s quasi-public authority responsible for technology investing and innovation development. The company will be assisted by CI”™s pre-seed support services program to advance the development and commercialization of its key product, MobileBI.
According to MobileBI, its product is an end-user business intelligence reporting tool with the unique capability of being able to generate reports from existing databases, mobile-ready and without programming. The system is designed to allow companies to translate data into a report format and provide the end-user with reports at both desktop and PDA levels.
“CI”™s support at this critical point in our company”™s development is a key factor in our ability to achieve milestones,” said Joe Grispo, CEO of MobileBI. “The management team is actively searching for the best delivery vehicles to bring MobileBI to the marketplace in 2008. With this funding from CI, we can continue to explore ideal distribution channels in order to attract additional clients to grow the company.”
 CI”™s pre-seed support services program helps innovative, high-tech Connecticut entrepreneurs identify and fund support services such as intellectual property and technology reviews, business plan development and market analysis. MobileBI is the third company to receive assistance through the pre-seed support services program since its launch in May 2007. Â
“This funding from our pre-seed support services program will enable the management team at MobileBI to focus on bringing the BI tool to the marketplace in 2008,” said Peter V. Longo, president and executive director of CI. “With a market potential of over $2 billion, the BI software licensing market provides MobileBI with an exciting market opportunity. CI”™s funding will allow the company to undertake essential market analysis and business development, thus enabling it to fully meet its market potential.” Â
According to MobileBI, the mobility feature of the BI reporting tool provides a competitive advantage, allowing reports to be sent to any PDA with just one click. The tool requires no additional software, allowing easy and fast accessibility to data and reports. MobileBI offers its tool to be used as an ad-hoc reporting and BI instrument or integrated into a client”™s product.