June 17, 2008 -- SageQuest LLC, a leading provider of GPS fleet tracking and management solutions, announced today that it closed a $3.72 million Series D funding round. "Our new investment capital will be targeted to further strengthen our market position with increased investment in product development and distribution," said Executive Vice President and Chief Financial Officer David Lowman.

The funding round, which closed April 30th, was lead by venture capital and private equity firm Hopewell Ventures along with local founders Gary and Mark Mintz. "We're happy to have continued confidence from our long term investors and growing interest from new investors," Lowman said. "The fact that we had more interest than the funding round could accommodate speaks to our track record and the opportunity we have in this market."

Jeffrey Lampe, Principal at Hopewell Ventures, said, "SageQuest has evolved into an industry leader by delivering actionable data that enables businesses of all sizes to enhance productivity and drive growth. Given the company's ongoing commitment to product development and strategic partnerships, we are excited about SageQuest's opportunity to fulfill the market's demand for mobile workforce solutions."

SageQuest, founded in 2003, has doubled in size each of the last 4 years. The company continued the trend in the first quarter of 2008, while the industry is estimated to be growing at a rate of 30-35%.

SageQuest LLC provides GPS fleet tracking and management solutions that improve the overall efficiency and productivity of any mobile workforce. With a focus on helping customers reduce fleet costs, increase productivity and improve customer satisfaction, SageQuest's best-in-class solution, Mobile Control, delivers a comprehensive suite of tools through an easy-to-use online interface. For more information on SageQuest, visit www.sage-quest.com or call 888.837.7243.

SageQuest Contact: Todd Ewing, Senior Product Manager, SageQuest 888.837.7243 x 308, tewing@sage-quest.com