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Exclusive: Softbank Capital Closes In On Financing Round With Kony - Sources

Ron Burgundy

By Ron Burgundy,
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Ron Burgundy

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By Nadia Damouni NEW YORK (Reuters) - SoftBank Corp's venture capital arm is close to securing an investment in enterprise mobile company Kony Inc, and could announce a deal as soon as Tuesday, people close to the matter said. SoftBank Capital is expected to lead the $50 million financing round, Kony's largest to date, with a group of existing and new investors including Insight Venture Partners, Telstra Ventures and Georgian Partners, the sources told Reuters. “This is an exciting time for the company and we are always looking at different options to build on our leadership in the enterprise mobility market,†said John Joyce, Kony's chief financial officer.Representatives for SoftBank and Insight Venture Partners declined to comment.

 

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