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Cognito iQ raises equity funding to support growth funds

The firm has helped brands and organisations such as Argos, Hermes, Konica Minolta, Transport for London and Stanley Security to improve their mobile workforce management, to deliver better service to customers.

The new business development plan has been developed by its existing shareholders, with proceeds of the funding to go towards expanding the applicability of its solutions across industry verticals and also towards business development.

Laurent Othacéhé, Cognito iQ’s CEO, commented: “Having taken the market by storm over the last 18 months, we are delighted that our shareholders enthusiastically support our ambitious growth plans.  Operational Performance Management (OPM) is the next revolution in the Mobile Workforce Management industry, with potentially an even greater impact than Mobile Applications and Real-Time Scheduling had over the last 10 years.”

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Written by Natalie Middleton

Natalie has worked as a fleet journalist for over 20 years, previously as assistant editor on the former Company Car magazine before joining Fleet World in 2006. Prior to this, she worked on a range of B2B titles, including Insurance Age and Insurance Day.

Natalie edits all the Fleet World websites and newsletters, and loves to hear about any latest industry news.

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