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Mobile software company Roam Data Inc. has closed on $6.5 million in second round funding from Ingenico Ventures, the investment arm of French company Ingenico SAS, along with private investors including payment industry veteran George Wallner, founder and former CEO of Hypercom.
Boston-based Roam Data makes a mobile software development platform that enables the creation of transaction processing applications for any smart phone or feature phone on any network. According to Will Graylin, chairman and CEO of Roam Data, the company’s mobile commerce services are now being launched by payment processing firms like First Data and Chase Paymentech, and it is supported on all major mobile carriers in the United States, including Sprint, AT&T, Verizon, and T-Mobile.
Roam was co-founded in 2005 by the two men who developed the technology, CTO Michael Arner and vice president of engineering John Rodley. Both are veterans of the mobile software space, Roam Data officials said.
The target market for Roam’s initial solutions include mobile professionals and micro-merchants, such as outdoor salespeople, plumbers or electricians, as well as enterprises with fleets of delivery drivers and installers.
According to Graylin, Roam’s first round was “in the single-digit millions.” Federal documents show the company took in approximately $2 million in two tranches of a Series A round in 2008. Graylin was the founder and former CEO of WAY Systems Inc. and Bedford-based EntitleNet Inc., which was acquired by BEA Systems Inc. in 2001.
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