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June 24, 2008

SageQuest Announces New $3.7 Million Series D Funding Round

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BEACHWOOD, OH – SageQuest LLC, a provider of GPS fleet tracking and management solutions, closed a $3.72 million Series D funding round April 30. It was led by venture capital and private equity firm Hopewell Ventures along with local founders Gary and Mark Mintz.

SageQuest, founded in 2003, has doubled in size each of the last four years. The company continued the trend in the first quarter of 2008, while the industry is estimated to be growing at a rate of 30-35 percent.

SageQuest LLC provides GPS fleet tracking and management solutions. With a focus on helping customers reduce fleet costs, increase productivity, and improve customer satisfaction, SageQuest's best-in-class solution, Mobile Control, delivers a comprehensive suite of tools through an online interface. For more information, visit www.sage-quest.com.

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Tags: funding round, GPS, SageQuest LLC

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