Netbiscuits Secures $27 Million Funding to Capitalise on Mobile Web Industry Leadership

Netbiscuits Secures $27 Million Funding to Capitalise on Mobile Web Industry Leadership PR Newswire NEW YORK, October 17, 2012 NEW YORK, October 17, 2012 /PRNewswire/ -- Global leader in adaptive web development raises additional investment for its Netbiscuits Cloud Platform to deliver against rapidly accelerating enterprise mobile web demand http://photos.prnewswire.com/prnh/20121004/567279 Netbiscuits, the global leader in software solutions for adaptive web development, today announced plans to expand its leadership of the mobile web industry with an investment of $27 million led by Stripes Group and supported by existing investor T-Venture. Netbiscuits will use the funding to extend its sales and marketing capabilities in the United States and Europe, as well as focusing on research and development, so it can continue to innovate and shape the market around key mobile trends. Mobility is now firmly a priority for businesses with mobile web access expected to overtake PC in 2013. According to [1]the Gartner Magic Quadrant for Mobile Application Development Platforms , "by 2015, 80% of all mobile applications developed will be hybrid or mobile-web-oriented. Moreover, mobile application development has become a top [2]concern for enterprises and their CIOs." In addition, according to the 2012 Gartner CIO Survey , "61% of respondents plan to enhance their mobility capability during the next three years.