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OWNERS AND INVESTORS BACKING SMARTNER
Smartner is owned by four entrepreneurs, employees and external investors.
The first external financier was Ralf Saxén, a skilled professional in the field of information technology and investment, who through his company IT Venture Finance invested in Smartner in the winter of 2000.
During years 2000 - 2002, Smartner extended its ownership in two financing rounds that were led by a Finnish technology venture capital company Eqvitec Partners. In line with Eqvitec, Swedish venture capital advisory company IT Provider and Sitra, Finnish National Fund for Research and Development have provided funding for Smartner.
In May 2003, Smartner acquired UK based wireless technology company Commtag in an all share transaction. Thus Commtag's investor Amadeus Capital Partners became a new owner of Smartner. The venture capital companies backing Smartner - Amadeus, Eqvitec, IT Provider and Sitra - also made a 5 million EUR further investment to Smartner.
In addition, Tekes, the National Technology Agency of Finland has supported Smartner's product development by means of grants and capital loans.
Click here to find out more about the equity investors backing Smartner. If you want to have more information about the latest financing round, read the press release: Smartner secures 5 million EUR venture financing (20 May 2003). |
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