WILSONVILLE, OR, June 2, 2005 -- Corrigo, Inc., an on-demand provider of service management solutions to field service, real estate, facility management, and homebuilding organizations, announced today it has closed a $10 million Series 4 round of investment. Sierra Ventures, Menlo Park, Calif, was the lead investor; Dave Schwab and Jeff Loomans of Sierra Ventures will join Corrigo's board of directors. Previous Corrigo investors, Asset Management Company, Amicus, Sycamore Ventures and others participated as well.
Founded in 1999, Corrigo's on-demand service management solutions are used by over 100,000 individuals who create over 4 million work orders annually. Simple to use and deploy, CorrigoNetâ„¢ and CorrigoConnectâ„¢ enable service organizations to gain insight, control and coordination with their field service personnel and vendors who do building maintenance, installation and repair in commercial real estate, corporate facilities, retail, homebuilding, and other field services companies.
 "We believe Corrigo is poised to become the clear leader in the service management market," said Dave Schwab. "Corrigo's Web and wireless on- demand solutions allows companies-large and small alike-to easily share critical information real-time by bridging natural boundaries inherent in all organizations, processes, and people. This is a huge growth opportunity as companies search for ways to increase productivity while decreasing expenses in this traditionally high-cost field service management sector."
"Over the past few years Corrigo has won top customers in its targeted industries and done an excellent job scaling the business," commented Ben
Dubin, partner, Asset Management Company, and Corrigo board member. "We believe this new investment round will enable the Corrigo team to secure its position as the leading service management provider."
About Corrigo, Inc.
Corrigo, Inc. provides on-demand service management solutions for all types of maintenance, installation and repair organizations. Corrigo's Web-based applications deliver control and insight to service management customers nationwide. These service management tools enhance the delivery of maintenance services, work order and dispatch management, and asset management by delivering an integrated solution that enables a seamless, real-time flow of communication between customers, service personnel, management staff, vendors, suppliers and senior management. Corrigo is headquartered in Wilsonville, Ore. For more information visit www.corrigo.com
About Sierra Ventures
Sierra Ventures, founded in 1982, is a privately held venture capital firm focused on investments across all areas of the Information Technology sector from semiconductors to enterprise software. Sierra Ventures has managed eight venture capital partnerships and currently has more than $1 billion of capital under management. Some of the firm's investments include Combinet (acquired by Cisco), StrataCom (acquired by Cisco), ConvergeNet (acquired by Dell), Quinta (acquired by Seagate), Intuit (INTU), OnLink (acquired by Siebel), Healtheon (merged with WebMD), AmeriGroup (AGP), Micromuse (MUSE), Active Software (acquired by WebMethods), Centex (acquired by WorldCom), and Interact Commerce (acquired by Sage). More information is available at www.sierraventures.com.
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Corrigo, CorrigoNet, and CorrigoConnect are trademarks of Corrigo, Inc.