SensorLogic secures new funding for asset management system

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SensorLogic, a provider of intelligent asset management, announced it has closed a $5 million Series B round of funding, and a total of $16 million to date, to support its 2007 strategic growth initiatives. SensorLogic’s blue-chip investors include Boston Millennia Partners, Sevin Rosen Funds, Hunt Ventures, STARTech Early Ventures, UPS Strategic Enterprise Fund and Star Ventures.

The company says its virtual operating system framework enables remote tracking, monitoring and control of intelligent assets anywhere in the world.

“Proceeds from this round of funding are being used to unbundle and repackage key features of our industry leading virtual operating system framework for managing intelligent assets,” said Dale Booth, the newly appointed Chairman and CEO of SensorLogic. “Many of our customers and channel partners have expressed interest in a lightweight version of our framework to enable them to bring applications to market faster. Our lightweight feature bundles will allow our customers and partners to rapidly prototype and deploy applications and add-on higher level features and functions as the need for scalability and manageability grows.”

In addition, the company announced that it is making enhancements to the communication services layer of its framework to enable a larger community of device manufacturers to certify their devices for rapid deployment on the SensorLogic virtual operating system framework. The company also announced that improvements to the open source developer collaboration community, as well as planned enhancements in the areas of customer support and professional services, are in the works.

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