Onset Technology Announces Additional Funding Secured

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Funding will be used to accelerate growth, support of new mobile platforms, and enhance Smartphone paging solution

With its unique technology, impressive government and corporate customer roster, and its excellent management team, the company is well-positioned to serve this fast growing market.

Onset Technology, a leading provider of Mobile Messaging Management solutions for business continuity, paging, and mission-critical communication announced today that it secured additional financing from its existing investors. The funding will support the company’s growth as well as the development of additional mobile communication continuity and advanced paging capabilities.

Utilizing patent-protected technology, Onset empowers organizations to leverage their mobile deployment to ensure communication continuity and uninterrupted access to information at all times. Onset’s Priority Mobile Messaging and Smartphone Paging increase the efficiency and value of corporate mobile communication resources and elevate the level of awareness to critical information.

"We are seeing a growing need for business continuity messaging and advanced paging capabilities that leverage mobile phone deployment to ensure uninterrupted communication and access to critical information,” said Judit Sharon, CFO of Onset Technology. “The funding will ensure we can accelerate the development of additional business communication continuity capabilities, enhance our Smartphone paging solution, and support additional mobile platforms.”

“As one of the early investors in Onset Technology we believe the company can leverage its rich offering and patent-based technology to further expand its footprint,” said Dr. Yoseph Linde, General Partner at Jerusalem Global Venture.

"We are excited to further support the growth of Onset Technology,” said Amnon Shoham, Founder and Managing Partner of Cedar Fund. “With its unique technology, impressive government and corporate customer roster, and its excellent management team, the company is well-positioned to serve this fast growing market.”

About Onset Technology (http://www.onsettechnology.com)

Onset Technology is a provider of Mobile Messaging Management solutions, enabling organizations to leverage their mobile deployment to ensure communication continuity and uninterrupted access to information at all times. Additional Onset solutions include Priority Mobile Messaging and Smartphone Paging, increasing the efficiency and value of corporate mobile communication resources. Onset's solutions are used by leading organizations in the financial, legal, and healthcare sectors as well as major federal and local government agencies.

About Cedar Fund (http://www.cedarfund.com)

Cedar Fund is a venture capital firm investing in early stage, Israel-related high technology companies since 1997. With over $325 million under management and a quality investment track record, Cedar invests in outstanding entrepreneurs pursuing high growth markets with distinguished technologies in telecommunication, networking, Internet-infrastructure, and enterprise software. While investing in all stages, Cedar Fund’s early stage expertise includes Pre-Seed®, seed, and first round investments.

About Jerusalem Global Ventures (http://www.jgv.com)

Jerusalem Global Ventures is an Israeli venture capital fund that invests in seed and early stage telecommunication, information technology and life sciences companies. JGV has over $120 million in capital for investment in exceptional entrepreneurs. The fund’s limited partners include many of the world's leading technology companies, financial institutions, and private investors.

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Judit Sharon
OnsetTechnology
781.916.0040 ext. 112
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