M3 Technology Group, a provider of testing and evaluation services for the latest messaging technology, plans an aggressive expansion strategy after securing $6.5 million in new venture capital.
Charlotte-based Frontier Capital, which recently closed on a new $115 million fund, is the sole investor in the deal.
M3TG touts itself as a vendor-neutral provider.
Growth plans include new product development, additing more professional and enterprise service personnel, and beefing up direct sales as well as channel marketing efforts.
“Over the past two years, we have experienced phenomenal and consistent growth,” said Michael Byrnes, M3TG’s chief executive officer. “In the process, we have become a go-to partner for some of the most trusted and influential technology companies in the world.
“With this round of funding, we will be able to add more resources to enhance our innovative technology processes, build out our operations, and increase the testing and implementation of new technology solutions that continue to improve the way our communications information is stored, secured and delivered,” he added.
M3TG was launched in 2002 by Byrnes and Mark Whetsone, who is the company’s managing director. They wanted to help customers better implement the advances being made in messaging technology.
“We have been very impressed with the significant progress M3TG has made over the last few years,” said Frontier Managing Partner Andrew Linder in a statement. “They have become an expert in implementation for messaging and collaboration for their partners all over the world.”
M3TG provides clients with a team of people for each project.
