Movial has gained international success with major operators deploying its Movial Communicator and Messenger client software products. Movial clients enable service providers to capitalise and unify the IP communications user experience across PC, mobile and connected devices. Its customers include Orange, Telefonica, KPN, Elion, and others on three continents.
"We believe Movial is in strong position to capitalise the growth in its key markets as the whole telecommunications industry is rapidly moving towards Internet based communications. Movial has rapidly become an established player in the industry. The company has proven its products with its global customers and created a partnership network through strategic business development projects", says CapMan's senior partner Vesa Walldén.
“The industry has seen a rapid shift to digital high-speed and broadband networks. Now the new frontier, uniting mobile and fixed networks is IP communications that will offer unparalleled number of experiences to the end user. Movial is on the forefront of this wave and will enable operators to offer the most robust and uniform end user experience across networks and devices", says CapMan’s Industrial Advisor Dr. JT Bergqvist.
"The investment boosts Movial’s capability to support customers and partners globally. Our client software products enable mobile and fixed lined operators to introduce branded converged multimedia services, which embrace IP telephony, video telephony, IP Centrex, Instant Messaging, and presence services. Today our unique technology enables similar IP Communication features across PC, browser and mobile devices. We plan to support wider range of services and devices", says Victor Donselaar, President of Movial Applications.
Through the agreement, CapMan funds will hold a minority stake in Movial. The investment in Movial is made by CapMan Technology 2007 fund, in which CapMan Plc is a substantial investor. Movial is the first portfolio company of CapMan Technology 2007.
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
Victor Donselaar, President, Movial Applications, tel. +358 9 856 76 400 or +358 40 772 0011