Israel: MDS/Minicom Digital Signage Secures $6m From Jerusalem Venture Partners and Aviv Venture Capital
24 March 2010 9 h 39 min3 Comments
Minicom Advanced Systems, a developer of remote access, KVM, and digital signage solutions, today announced that it would spinout its digital signage division (MDS).
MDS simultaneously announced that it had raised $6 million to finance its operations independently. The investment, which was led by Jerusalem Venture Partners and joined by Aviv Ventures, will enable the new company to broaden its platform from its new offices in Jerusalem’s JVP Media Quarter.
“This investment is the natural next step in MDS’ lifecycle. The support of our investors positions us to explore inorganic growth options and to drive the acceleration of our product roadmap towards the establishment of MDS as a full scale enabling platform in the digital signage market.”, said Ronni Guggenheim, CEO of MDS.
JVP is one of the leading venture capital funds in Israel. The fund operates from Jerusalem and manages over $780 million. It focuses on building market leaders in the fields of digital media technology, including gaming and virtual worlds, mobile media, software and hardware applications and Internet advertising.
[...] Ronni Guggenheim, CEO of Minicom Digital Signage (MDS) revealed the company’s ambitions, just after having raised $6 million : “We’ve never hidden the fact that will have an aggressive expansion strategy. We want to [...]
[...] de Minicom Digital Signage (MDS) reveló las ambiciones de la compañía, justo después de haber recibido 6 millones de dólares de Venture Partners: "Nunca hemos ocultado el desarrollo de una estrategia de expansión agresiva. Queremos [...]
[...] de Minicom Digital Signage (MDS) reveló las ambiciones de la compañía, justo después de haber recibido 6 millones de dólares de Venture Partners: “Nunca hemos ocultado el desarrollo de una estrategia de expansión agresiva. Queremos [...]