WorldAPP, a leading provider of mobile data collection and process optimization software today announced that it has completed financing round with Providence-based Bay Capital Investment Partners. The transaction amount was not disclosed.
WorldAPP combines a powerful suite of data collection products with their expertise in inspections, audits, and surveys to design and develop mobile applications for enterprise-level clients. According to CEO Oleg Matsko, the new financing will be used to fuel growth strategy.
“This additional funding provides us with the financial strength and flexibility we need to aggressively grow our company while still advancing product capabilities,” said Matsko. “We’re particularly enthusiastic because we now have the added resources we need to achieve our growth goals while maintaining the exemplary service and support that our clients have come to expect.”
Led by Matsko and CTO Alexander Zagvazdin, WorldAPP builds Mobile Data Collection and Business Process Optimization applications for large organizations. Their flagship products, Form.com and Key Survey, are customized to meet enterprise needs and used to transform the flow of critical information and operating data between people, departments, and existing programs.
Gregory Mulligan, the managing Director of Bay Capital, notes that while WorldAPP has been in operation for 15 years, their steady growth puts them in a position to maximize the investment and take the company to the next level.
“WorldAPP has demonstrated impressive momentum and trajectory over the years,” said Mulligan. “They’ve also built a reputation for providing first-to-market technologies and solutions with an exemplary level of customer support. We believe this investment will help them capitalize on their reputation, and achieve their goal to drive explosive growth in the coming years.”