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24th May 2001, Basingstoke, UK and Newark, CA – Following its recent successful $15 million 2nd round equity financing, iOra (www.iOra.com), a supplier of solutions for managing mobile content, has begun its rapid expansion program. The company has appointed a new Financial Director who is expected to take iOra to an Initial Public Offering (IPO), as well as two new sales people for its Major Accounts Sales Divisions. iOra has more than doubled its revenues each quarter averaged over the past 2 years, signing up a wide range of enterprise customers including Shell and GlaxoSmithKline.

Ian Sandbach, appointed as Financial Director for iOra, has been working for the last three years in an International role for a leading NASDAQ quoted software house. Responsible for seven subsidiaries across Europe with a turnover of $60m, Sandbach has proven experience working both in the software environment and within large-scale financial operations.

Sandbach said: "iOra’s excellent product portfolio, strong investment backing and solid performance growth places it well for an IPO. I believe that my experience gives me the firm foundation required to take a flexible, dynamic company like iOra forward. Such opportunities take accountancy into exciting new waters."

Sandbach is also a Fellow of the Association of Chartered Accountants, having qualified in practice in 1993.

iOra has also appointed two new senior sales people to strengthen its Major Accounts and vertical sales teams. Pauline Sheppard joins with 16 years experience at Merant (formerly Micro Focus), Luminate, and SealedMedia, selling to UK Major Accounts, ISV’s and VARS. At Merant, Sheppard was also responsible for selling Year 2000 solutions in Europe, South America and Africa, where her travels included crossing several war territories.

Sheppard, who will initially be focussing on the financial market, said: "iOra has ground-breaking technology with a strong local product development program that opens the door for great new sales opportunities. Another plus is that I won’t have to go into war zones any more!"

iOra has also appointed Bruce Eley as Senior Account Executive for the Telecommunications sector. Previously European Business manager at US Company ComSearch, Eley played a significant contribution in its 300% yearly growth over the last two years. Eley’s experience will be invaluable to iOra as it targets large Telecommunications companies, mobile operators, ISPs and network operators with mobile staff.

"The telecommunications vertical market isa very good fit for iOra – iOra’s Mobile Intranet product is a key enabler for corporate adoption of mobile computing. For me this is a great chance to work with new technology that will become a significant contributor to the business communications sector," said Eley.

iOra’s Mobile Intranet product enables businesses to deliver centralized Intranet content to mobile professionals and supports dialup, wireless, and offline access. iOra’s core technology, which updates information over the Internet at up to 100 times faster than competitive products, enables updated information to be efficiently transmitted – even over low-bandwidth dialup and wireless connections.

-ends-


NOTES TO EDITORS

About iOra

iOra develops and markets Mobile Content Management solutions. iOra’s family of products allows businesses to provide up-to-date business-critical information to remote and mobile users, with the benefits of improved management and security of information.

iOra’s Mobile Intranet product enables businesses to deliver centralized Intranet content to mobile professionals and supports dialup, wireless, and offline access – helping businesses to increase revenue, reduce costs, and improve productivity.

iOra’s approach enables immediate access to business critical information by providing offline access, with high-speed synchronization over low bandwidth dialup and wireless connections. Mobile Intranet supports Intranet content hosted on any Intranet server technology, including Microsoft and Lotus Domino servers. Mobile Intranet ensures that the content – including file and document links and attachments – is made available to mobile field workers even when no connection is available.

Benefits to businesses include:

- Mobile professionals have instant access to critical information anytime, anywhere – with or without a dialup or wireless connection

- Information owners and management can deliver the same information to all users

- Productivity and customer service is increased

- Reduction in connection and download times

- Reduction in dialup and wireless costs

- Optimized use of existing dialup and wireless bandwidth

At the heart of iOra’s Mobile Intranet product is its unique, patent-pending, Epsilon Technology, which performs Internet updates at up to 100 times faster than competitive products. Using Epsilon Technology, updated information can be transparently downloaded during normal email or browsing activity – even over low-bandwidth dialup and wireless connections.

iOra was started in 1997 by four internet data replication experts who have worked together since 1989. In 1999 iOra received $3m in Venture funding from MTI Partners.

Over the past 18 months, iOra has won numerous independent awards, including e25-listing and a DTI Smart Award. For more information visit: http://www.iora.com


US Media Contacts

Barbara LaVigna, iOra, Inc., +1-510-438-6825 or Barbara_LaVigna@iOra.com
Xenia Moore, 1-For-All Marketing, Inc., +1-619-275-0185 or xmoore@1-for-all.com

UK Media Contacts

Geoff Wells, iOra Ltd, +44 (0) 1256 307823 or Geoff_Wells@iOra.com
Andreina West, PR Artistry Ltd, +44 (0) 1491 636191 or andreina@pra-ltd.co.uk



This press release was distributed by ResponseSource Press Release Wire on behalf of PR Artistry in the following categories: Consumer Technology, Personal Finance, Business & Finance, Computing & Telecoms, for more information visit https://pressreleasewire.responsesource.com/about.