Viking Venture exits myVR
Viking Venture has exited Norwegian software company myVR to Swedish trade player Hexagon.
Viking held a 46% stake in the company, which will operate as part of Hexagon's Geosystems business area .
Partner Jostein Vik commented that the business has successfully taken on board a number of regional high-profile clients, including yell.com, finn.no, and Eniro, and that industrial player Hexagon will be able to take its growth plan to the next step.
Previous funding
Viking Venture took a stake in myVR in 2007.
Company
myVR, founded in 2003, provides a 2D/3D map viewing technology for stationary and mobile platforms. The company is headquartered in Oslo.
People
Partner Jostein Vik worked on the deal for Viking Venture. Rune Fjellvang is CEO of myVR.
Advisers
Management - Opera Capital Partners, Frederic Laziou (Corporate finance).
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