AirClic raises $12.5 million

AirClic Inc., Newtown, said today it has raised $12.5 million in venture financing from JMI Equity, Motorola Inc. and Zon Capital Partners.

AirClic, a Web-based software and mobile information services company, said it would use the proceeds to expand its marketing, sales, customer support and product development.

"AirClic has grown exponentially over the last two years and this investment will help us capitalize on that growth to expand even further in 2007," said AirClic chief executive officer Tim Bradley.