m8 Capital invests in German mobile company Schad

m8 Capital, the venture capital fund investing exclusively in mobile technology, has announced a $4.2m (£2.7m) investment in German mobile technology company Schad.

Schad’s technology allows engineering staff of global enterprises to remotely access, monitor and manage their plants, systems and facilities from Blackberry, iPhone, Android or Windows mobile phones and also other mobile devices such as tablets.

The technology frees maintenance engineers from centralised control centres and allows them to monitor and manage their plants and facilities from anywhere.

As a result, the system can minimise unscheduled downtime, allow for shorter maintenance response times and reduce overall maintenance costs for large businesses.