Press Release
Stockholm, March 19, 2007
Industrifonden invests in ComActivity, a Nordic-based enterprise software vendor
Industrifonden and the Danish investor Via Venture Partners have agreed to invest SEK 20 million (EUR 2.2 million) in ComActivity - a Nordic-based enterprise software vendor with customers on three continents. The venture investment will be spent on accelerating Com-Activity's ongoing expansion into continental Europe, North America and Asia-Pacific.
ComActivity's software offering is a state of the art example of the new Service Oriented Ar-chitecture (SOA). The platform is based on open standards, metadata and models instead of programming. Applications - spanning from customer care, advanced planning to production reporting - are visual, user friendly and extremely flexible.
Industrifonden and Via Venture Partners´ combined ownership share will initially be above 20%. The terms for a potential additional SEK 20 million have already been agreed, enabling ComActivity, Industrifonden and Via Venture Partners to add more capital within 18 months or sooner.
"With Industrifonden and Via Venture Partners we get the strong support of two of the largest venture funds in Scandinavia. They also add very valuable competence to the company through our two new board members Anders Grånäs and John Helmsoe-Zinck", says Peter Björkman, founder and CEO of ComActivity.
"ComActivity has developed a very compelling and internationally competitive solution which demonstrates the innovative power of the Nordic software industry. We are very happy to be able to support the company's continued expansion", says Anders Grånäs, Investment Manager at Industrifonden.
"Having such a powerful solution and so many satisfied customers; I believe ComActivity is poised for a very strong position in the new era of enterprise computing", adds John Helmsøe-Zinck, Managing Partner at Via Venture Partners.
More information:
www.comactivity.net
www.viaventurepartners.com