Intellistream, the developer of a new turnkey solution for 3G video content delivery, has attracted funding of £355,000 from London Technology Fund and several business angels. Following the investment an experienced software executive will join the company as CEO and a finance director will be appointed.
Investindustrial sells its remaining stake of 4.12% in the company, fully exiting the investment
Following the deal, CCV Schweiz will be integrated with Concardis Schweiz, which is part of Nets Group
Minority shareholder IMS Capital has also filed for insolvency; Getnow is now seeking new investors
Exit from Rutland Fund III realises a return of 5.7x on the original cost of the investment