News: Portfolio 2006

Nexit Ventures Exits Bitfone; Shares Acquired by HP

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"The investment in Bitfone was very profitable for Nexit. In addition to HP, Nexit realized successful exits of its portfolio companies to Nvidia and Sybase during 2006. These leading US-based IT companies all share the vision of how mobile platforms will enable the next phase of future growth. This industry trend is fully in line with Nexit's strategy of identifying and refining innovations from lead markets around the globe and bridging them to the best exit opportunities," said Artturi Tarjanne.

 

Nexit's other portfolio companies include the Finland-based Conformiq, Ekahau, Futuremark and Hantro, as well as the US-based Ecrio and Skypilot.

Further information:

Michel Wendell, General Partner, Nexit Ventures

Cell phone +1 408 406 6995 michel.wendell@nexitventures.com

 

Christina Forsgard, Netprofile Finland

tel. +358 9 6812 080

christina@netprofile.fi

 

About Nexit Ventures

Nexit Ventures is a venture capital firm focused on mobile technologies and services. Investments are made primarily in Nordic and US-based early-stage companies with products and services for a global market. For Nordic companies, Nexit's network of business contacts in Silicon Valley provides a bridge to markets, partners, experienced management and investors at an early stage. US-based ventures get an opportunity to profit from the market-leading wireless network infrastructure, technology, insight, and advanced user base of the Nordic countries. Nexit has offices in Helsinki, Stockholm and Silicon Valley. For further information, please visit www.nexitventures.com.

 

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