Secgo Software Oy is a developer of information security and mobility management software and the company has offices in Tampere and Espoo in Finland and in the US. Secgo's products provide both mobile users and the users of fixed networks with secure, flexible and cost-effective remote access to the networks of their companies and organisations. The company’s solutions are used, among others, in the public, banking and finance, manufacturing, healthcare and military sectors.
CapMan funds Finnventure IV, Finnventure V and Finnventure V ET invested in Secgo in the company’s spin-off from Secgo Group in 2004. The funds’ holding in Secgo was 18% prior to the sale. In the transaction, the funds will receive shares in Birdstep Technology ASA listed on the Oslo Stock Exchange (OSE). The funds will exit from the company in total when they sell the shares received in Birdstep. Because the transaction will be executed as an exchange of shares, the exit does not have a direct impact on CapMan Plc’s result for 2007.
”Secgo has grown well in Finland during CapMan’s investment period. Birdstep will provide a solid base for internationalisation of Secgo’s business, and in addition the companies have a complementary technological vision and market advancement plan. We are very satisfied that Secgo will become a part of Birdstep, a global leader in wireless solutions,” says CapMan Senior Partner Vesa Walldén.
CapMan Technology invests in Nordic expansion and later stage technology companies. CapMan’s Technology team, having a long track record in accordance with this investment focus, is one of the most experienced in the Nordic countries. The portfolio companies of CapMan Technology typically deliver industrial (OEM) and B-to-B infrastructure, applications or services.
For further information, please contact:
Vesa Walldén, Senior Partner, CapMan Technology, tel. +358 6155 8361 or +358 400 616 997