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The original item was published from 7/18/2013 11:28:00 AM to 7/18/2013 11:39:19 AM.

News Flash

Economic Development News

Posted on: July 18, 2013

[ARCHIVED] CongratulationsTOA Technologies!

Congratulations TOA

Congratulations TOA Technologies!

TOA Technologies, a Beachwood-based company, just announced that it has raised $66 million in venture capital funding from Technology Crossover Ventures (TCV), a leading Silicon Valley venture capital company. This investment represents the largest venture capital investment in an Ohio software company, to date. It is a clear indicator that TOA Technologies is fast becoming a global technology leader.

TOA Technologies was founded in 2003 right here in Beachwood, Ohio. TOA was recently named as one of the 2012 Weatherhead 100 fastest-growing companies in Northeast Ohio and was also the only Ohio company named by Forbes to their “Top 100 American Most Promising Companies”.

The company’s comprehensive software technology offers its customers lower upfront technical costs with software that enables their clients to create internal efficiencies while increasing customer service. TOA’s products make sure the right field employee gets to the right appointment on-time, every time thereby improving productivity and enhancing the customer experience.

Beachwood is very proud to acknowledge TOA Technologies as a significant corporate citizen in our community. “It is clear that Beachwood has a flourishing technology community right here in Northeast, Ohio and we are thrilled to be home to this dynamic company,” says Mayor Merle Gorden.

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