Texas Telematics company named top ten of FundingPost’s Annual Pitching Across America™, the largest Venture Capital competition ever.

Austin, TX (PRWEB) October 23, 2008 -- Vulocity, a Texas Telematics company, has been named one of the top ten winners of the FundingPost (www.FundingPost.com) annual Pitching Across America™ competition. Vulocity provides companies with GPS technology solutions to help companies gain enterprise-wide visibility on fleet and mobile employees. Vulocity has created an unmatched, customer-centric focus to maximize the economic potential of any organization that need to monitor their mobile assets as well as their bottomline. With its Mileage Logger system, an integrated hardware and web solution for reimbursement mileage logging and management, businesses can record all mileage expenses automatically using GPS and cellular technology.

FundingPost (www.FundingPost.com), a company that has been introducing entrepreneurs to investors for almost 8 years, established the Pitching Across America competition in which 100 Venture Capital Funds and Angel Investors served as judges voting on 300 business summaries from emerging companies nationwide. The largest Venture Capital competition ever organized, this year’s Pitching Across America was sponsored by WolfBlock and PRNewswire. Emerging companies were evaluated on a scale of 1 to 10 and judging criteria consisted of several key points including: the professionalism of the written summary, current stage of development (customers, revenue), competitive advantage and need in the marketplace, feasibility for success, and whether the company is “VentureWorthy™.”

“We are very grateful to have been chosen for recognition from such an extraordinary list of companies to be found all over the United States,” said Laurian Stoicoviciu, CEO of Vulocity. “FundingPost, next to WolfBlock and PR Newswire, has provided us an opportunity to reach a tremendous selection of visionary investors. Our customer base is growing and, with the right financial supporting partner, will accelerate exponentially especially with the way the economy is heading. There is significant value in where our company is positioned in the market in this day and age.”

Pitching Across America Top Ten Winner: Vulocity, Texas

 Mileage Logger is a powerful business monitoring tool. As well as dramatically improving day-to-day employee efficiencies and vehicle utilization through the use of GPS locating and celullar transmission, it gives businesses, owners and managers, the superior visibility with metrics on the performance of sales and customer service. The product and service ensures the highest possible return on their mobile assets.

Vulocity’s product is called Mileage Logger because it creates business trip information that was previously difficult to manually log or keep track of. The core value of most companies in this telematics economy is locked inside their cookie cutter offering and broad approach as well as contracts and agreements. Financial executives and industry experts agree now more than ever that their mobile assets must be carefully managed if profits are to be maximized and risks significantly mitigated. Vulocity developed a unique hardware and web system that merged the Telematics industry with markets outside of large fleet managing customers. The identical platform unites all this with a proprietary algorthim. The end result is a completely integrated approach to invisible or ‘intangible’ asset management and exploitation.

With Mileage Logger, companies can now ensure that: 1) The employee is delivering products and services at the right place and time; 2) Their vehicles expenses are properly recorded for employee reimbursement mileage puroses; 3) They are properly protected in the case of an IRS audit and; 4) They are better positioned to accurately compare sales performance based on employee travel activity. This level of asset management is critical in today’s environment—and it prevents companies from failing audits or delaying regulatory filings, as well as enabling them to spend less time and money rolling up this information for compliance and reporting purposes.

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