Communology receives venture capital for international expansion
Solution provider for the mobile communications industry successfully completes second round financing with Munich Venture Partners
Cologne, Germany, 17 September 2008: With an investment of several million Euros, German software and solution provider Communology will drive the development of new types of mobile multimedia services and will expand its business into new regions. The main focus will be on the rapidly growing market segments of mobile social communities, mobile marketing and mobile instant messaging. Besides the new lead investor Munich Venture Partners, the existing investors S-VC, Kreditanstalt für Wiederaufbau, and both founders, Thomas Kähler and Frank Bell, participated in this second round of financing.
"This investment provides us with the financial resources to turn our visions into reality," commented Thomas Kähler, CEO and co-founder of Communology. "We are now in an excellent position to deliver new products and mobile solutions more quickly and to foster our international strategy successfully in new promising markets."
Dr. Walter Grassl, Managing Director of Munich Venture Partners said: "We are impressed by Communology's technical competency and by its innovative strength. The company is a leading and internationally successful player in the mobile communications industry providing mobile multimedia applications to well-known companies, e.g. Vodafone, T-Mobile, AT&T, Ericsson, Nokia, Sony Ericsson, Telefonica and RIM."
Communology's innovative and market proven technology has been deployed within mobile phone manufacturers, mobile communications network operators and customers from the media and IT industry. Time-to-market is an important key to the company's success as well as its close cooperation with customers.
Dr. Herbert May, Chairman of the Advisory Board adds: "Communology has undergone a tremendously successful development. The company has built up an excellent reputation among internationally leading companies in the mobile communications industry."
Communology operates worldwide as a specialist in rich-media mobile communication solutions. Formed in 2001 and EN ISO 9001:2000-certified since 2003, the company and its test and development teams pioneer advances in the implementation of mobile applications. Communology offers customers individually customizable platforms designed to simplify and support the creation of sophisticated applications. Its portfolio also includes test environments for the mobile communications industry and quality assurance services for the operating software in mobile phone Communology customers include AT&T, T-Mobile, Vodafone, Nokia, and Sony Ericsson. The company is headed by its two founders, Thomas Kähler, CEO and Frank Bell, CTO. In addition to the two founders, the company is owned by SVC, Kreditanstalt für Wiederaufbau KfW, and Munich Venture Partners.
For more information please visit www.communology.com
MVP Munich Venture Partners
Munich Venture Partners was founded by senior managers in the software and semiconductor industry, and experienced venture capital professionals. As the prime partner of the Fraunhofer-Gesellschaft, one of the world's leading research organizations for applied research, Munich Venture Partners invests in selected high-tech start-ups in the information, communication and energy technology space. Based on a fund size of around Euro 60 million committed by institutional, strategic and private investors including global leading companies, Munich Venture Partners is able to successfully finance the growth of high-tech start-ups and support their value generation.
For more information please visit www.munichvp.com
Press Contact Communology
|Communology GmbH |
Thomas Kaehler, CEO und Founder Im Mediapark 5b, 50670 Cologne Fon: +49 221 35559-500 Fax: +49 221 35559-599 email@example.com www.communology.com
|unicat communications |
Thomas Konrad/Marten Boettcher Alois-Gilg-Weg 7, 81373 Munich Fon: +4989 743452-20
Fax: +4989 743452-52