We believe in their software-based model as a solid platform for worldwide expansion.
Phoenix, Ariz. (PRWEB) December 3, 2007
nQueue, Inc., the leading provider of integrated cost recovery software, announced today that Momentum Venture Management and Hilltop Capital Partners have made additional investments in the company. Other existing shareholders have also made additional investments. Financial terms were not disclosed.
The investments cap a year of substantial growth for the company. In 2007 alone, nQueue has signed numerous flagship law firm clients, including Akin Gump, Kilpatrick Stockton and Pillsbury Winthrop, and added international clients in London, Vancouver and Kingston, Jamaica. The company also recently announced the release of version 3.0 of its Embedded™ integrated cost recovery system and the opening of a new office in New York City.
The additional investments are designed to help nQueue accelerate its growth while implementing new strategies, such as positioning channel partners to serve law firms all over the world while focusing direct sales efforts on major law firms in the United States. "We are impressed with nQueue's strategic vision and believe they are positioned for an even stronger future," said Steve Tarino, Managing Partner of Hilltop Capital. nQueue has recently added channel partners in Mexico, South Africa and the United Kingdom, and will continue to maintain strong relationships with several U.S.-based resellers, such as Canon and Ricoh.
"We have been pleased with nQueue's performance and look forward to an even higher rate of growth," said Matt Ridenour, Momentum's Managing Director and Founder. "We believe in their software-based model as a solid platform for worldwide expansion." Because its software is embedded into multi-function devices and tablet computers--and not proprietary terminals attached to devices--nQueue can easily implement and support clients anywhere over the Internet.
The company's "buy-it-once" philosophy has it poised for rapid expansion. Its clients enjoy a lower total cost of ownership and better overall return on investment by not paying for upgrades or to replace obsolete hardware. "The 'buy-it-once' message really resonates with the marketplace and the additional investments will allow us to deliver it to an even broader audience," says Rick Hellers, nQueue's President and COO.
For more information about nQueue's Embedded™ cost recovery platform, please visit http://www.nQueue.com.
About nQueue, Inc.
nQueue provides software-based information accountability solutions to assist firms in better managing and accounting for their digital transactions. nQueue offers a complete line of browser-based expense recovery, digital filing and production workflow systems designed to track, manage, report and charge back costs associated with office equipment, web research and administrative services. To learn more about nQueue and nQueue solutions, visit its website at http://www.nQueue.com.
About Momentum Venture Management
Momentum Venture Management is a Los Angeles-based firm that helps early-stage companies achieve early business results and develop credibility in order to get funding and transform their ideas, technologies and products into sustainable, successful businesses. For more information, please visit http://www.mvmpartners.com.
About Hilltop Capital Partners
Hilltop Capital Partners is a San Francisco- and New York-based firm that provides capital to established growth companies capitalizing on fundamental industry transformations due to technological advancements. For more information, please visit http://www.hilltopcapital.com.