Technology
UK - Synergis invests £1.6m in cell encryption technology
Synergis Technologies has committed ТЃ1.6m in Cellcrypt, a company focused on secure voice encryption software for mobile phones and other mobile devices. Established in 2005, Cellcrypt is based in London with offices in California.
US - 3i growth capital business enters US
3i has recruited nine private equity professionals to form its new US growth capital team and has opened an office in New York to spearhead its growth activities in the US. An additional five investors will join over the course of 2007. The founding partners...
FRANCE - XAnge and Aurinvest pair up to back business search engine developer
XAnge and Aurinvest have injected EUR 4m in software developer Sinequa. XAnge invested three quarters of this series-A funding through XAnge and Capital and two of its FCPI funds.
SPAIN - Clave Mayor buys IT support business
Private equity firm Clave Mayor has announced its investment in IT company Angelpc Global Support SA. The company provides 24-hour IT support via a network of professionals connected via a software link. .
UK - Green Biologics awarded £560,000 to boost 'Green' Fuel Development
An Oxfordshire biotechnology company is set to develop a new low-cost тnext generationт biofuel, with ТЃ250,000 funding from the Department of Trade and Industryтs Technology Programme and ТЃ310,000 from shareholder investors and business angels. Green...
FRANCE - XAnge and Auriga invest EUR 5m in marketing software developer Neolane
XAnge has led the EUR 5m second round of venture funding in marketing and communications software developer Neolane. Auriga Partners, which invested EUR 2m alongside the company's CEO and management in 2002, re-invested on this occasion.
UK - 3i and Esprit exit CPS for $35m
Cambridge Positioning Systems Ltd (CPS), a 3i and Esprit Capital portfolio company, has been sold to CSR Plc for a total consideration of $35m. 3i and Esprit, through the Prelude Trust, first invested in CPS via a ТЃ1.75m funding round in 1998. Two further...
FRANCE - ACE Management and 123Venture invest EUR 3m in Tetco
ACE Management and 123Venture have invested EUR 3m in the third round of funding for VoIP software developer Tetco. ACE Management invested on behalf of Advance Capital Europe, UFF Innovation III and Financière de Brienne.
FRANCE - Innovacom backs online data stocking software developer
Software developer Agematis has received its first round of funding from French investor Innovacom. The private equity investor injected EUR 2.5m in the company.
SWEDEN - 3i, InnovationsKapital and smac partners sell Nordnav for $75m
3i, InnovationsKapital and smac partners have sold Nordnav, a provider of GPS software solutions for mobile devices, to Camebridge Silicon Radio. The purchase price for all shares in the company is approximately $75m and InnovationsKapital has generated...
UK - Imperial Innovations invests in Equinox Pharma
Imperial Innovations Group plc has invested ТЃ250,000 in Equinox Pharma Limited, a company providing advanced software products to the pharma and biopharma industry. The investment in Equinox was part of a ТЃ500,000 seed funding round, which also included...
HUNGARY - GMT and Mid Europa sell Invitel for EUR 470m
GMT Communications Partners and Mid Europa Partners have announced that they have agreed to sell Hungary’s second largest fixed line telecoms operator Invitel Távközlési ZRt. to Hungarian Telephone & Cable Corp for EUR 470m. The two financial investors...
UK - Double appointment at MTI Partners
MTI Partners, the technology venture capital investor has made two new appointments. Sarah Bates joins the board of MTI as a non-executive director. Bates, who has a BA in Law from Cambridge University and an MBA from the London Business School, worked...
UK - Advent Venture Partners leads $10m investment in Open Cloud
OpenCloud Ltd, a leading supplier of next generation application servers to the telecommunications industry, has received its first institutional funding in a round led by Advent Venture Partners. The round, totalling $10.25m, includes investment from...
PORTUGAL - Portugal Telecom deal about to close
After a year of negotiations, the five investment banks fronting Sonaecom's hostile takeover bid of Portugal Telecom are reported to be close to agreeing advisory fees as the deal reaches its final stages.
UK - Inflexion backs £12m MBO of Tekton Group
Inflexion Private Equity has led the ТЃ12m management buyout of Tekton Group, the fastest growing Enterprise Resource Planning software provider to the UK construction and house building industries. The buyout also includes the simultaneous complementary...
ITALY/UK - Apax hands Damovo over to hedge funds
Apax Partners is reportedly being forced to hand over its telecom business Damovo to a consortium of hedge funds, in order to save the company from bankruptcy.
NL - Kennet Partners to sell Consul Risk Management to IBM
Kennet Partners Ltd has announced that it intends to sell Consul Risk Management International, a software company for the enterprise and managed security services markets, to IBM. The sale is expected to close in the first quarter of 2007. Kennet first...
FRANCE - Canadian Telecom Media Fund invests EUR 8m in CheckPhone
Telecom Media Fund, a joint fund of Trio Capital and la Caisse de dépôts et placement du Quebec, has invested EUR 8m ($10.2m) in France-based VoIP security software developer CheckPhone.
FINLAND - Aspida secures EUR 500,000 in funding
Finnish Industry Investment and private investors have invested EUR 500,000 in software company Aspida Oy.
FRANCE - Apax-owned Outremer Telecom to launch an IPO
Apax France's portfolio company Outremer Telecom is reportedly hoping to float on Euronext Paris.
AUSTRIA – TTTech Computertechnik receives EUR 20m funding
Strategic financial investor firstVentury has invested EUR 20m in Vienna-based supplier of time-triggered systems TTTech Computertechnik AG. Additionally, international automotive company AUDI AG acquired a minority interest in TTTech.
UK - August Equity supports £40.9m take-private of Planit
August Equity has invested ТЃ14.2m in Planit Holdings Plc, to support the ТЃ40.9m management buyout of the AIM-listed company which will herald the first public-to-private deal in August Equityтs portfolio. The public-to-private scheme is expected to...
UK - London Technology Fund invests in interactive 3G video platform company
Intellistream, the developer of a new turnkey solution for 3G video content delivery, has attracted funding of ТЃ355,000 from London Technology Fund and several business angels. Following the investment an experienced software executive will join the...