Encirq Corporation, the global leader in device data management, today announced record-breaking results for the fiscal year ending June 30, 2006. The company secured new design wins in Japan, Europe and North America while generating significant repeat business from its existing customers, increasing sales exponentially over the previous fiscal year. Additionally, the company successfully launched Encirq Korea and raised $14M in Series B financing.
“Leading companies worldwide have embraced Encirq and the importance of data management in building more intelligent devices such as mobile phones and digital set-top boxes,” said Mark Vogel, co-founder and CEO of Encirq. “Our growth in new design wins and strong repeat business validate Encirq software technology as the premiere device data management solution for accelerating innovation.”
Driving the success and acceptance of Encirq is the Encirq(R) Data Foundation Framework, an innovative software technology that enables development teams to leverage data to build more intelligent, feature-rich devices, faster. High-performance, low-overhead device data management has become crucial for embedding independent intelligence into devices and enhancing the user experience. Set-top boxes, mobile handsets and automotive infotainment systems are just a few of the devices that are becoming increasingly sophisticated, requiring more advanced device data management. Currently, over two million of these devices incorporate Encirq software and are delivering significantly improved device performance, capabilities and value.
“Device data management has become a major challenge, as well as opportunity area for manufacturers and service providers,” noted Chris Lanfear, director, Embedded Software Group, Venture Development Corporation. “Companies that put device data to work are gaining a distinct competitive advantage, and Encirq’s success illustrates the growing importance of those efforts.”
Encirq Corporation, the global leader in device data management software, enables companies in the wireless, consumer electronics and telematics markets to employ device data to increase their products’ independent intelligence and usability. The Encirq(R) Data Foundation Framework accelerates the delivery of new device functionality, improved services, innovative business models and compelling user experiences all while optimizing performance, minimizing system resources and reducing costs. Encirq partners with companies around the globe to transform their businesses and industries. Established in 1998, Encirq is headquartered in Silicon Valley with regional offices in Japan and Korea.