Neuhaus Partners and ERP Startfonds invests millions in sofatronic / rein-forcing the Blu-ray company's market leadership
Hamburg, Germany, February 10th, 2009 – sofatronic, a globally leading technology provider for the development of interactive Blu-ray and New TV applications, has successfully concluded a second round of financing. The venture capital enterprise Neuhaus Partners invests together with KfW’s ERP Startfonds several million euros in sofatronic GmbH. Neuhaus Partners already invested in the first round.
sofatronic is planning to use the additional capital mainly for product development and internationalization. Matthias Grychta, Managing Partner at Neuhaus Partners: "With its Kaleidoscope Technology, sofatronic made a breakthrough in Hollywood, proving that the best technology will prevail.
All Blu-ray titles developed with software from sofatronic were, and are, top-sellers, setting benchmarks in Blu-ray development. The cooperation with major movie studios and production houses in Hollywood is taking place at the top level, and in 2009, numerous groundbreaking new Blu-ray releases that are being developed using sofatronic's technology will add to the market."
René Baisch, founder and CEO of sofatronic, says: "The capital increase confirms our company's success and allows us to focus on internationalization and an ex-pansion of the technology to include more platforms. As pioneers in technology, we will focus in particular on promoting the connection between TV and the Internet."
Kaleidoscope Technology is the globally leading product for the development of complex applications for Blu-ray as well as new interactive TV formats such as tru2way. The software makes it possible to implement client as well as server so-lutions easily and individually – no programming is necessary.
New applications provide the movie and TV industry with new services and sources of income. Blockbuster Blu-ray titles such as "Iron Man" or "The Incredible Hulk", among others, were realized using sofatronic technology.
About Neuhaus Partners:
Neuhaus Partners GmbH, headquartered in Hamburg, Germany, is one of the leading venture capital enterprises in Europe, mainly investing in information technology companies. Since its foundation in 1997, Neuhaus Partners took 48 holdings, 44 of them as a lead investor. The track record is: 2 IPOs, 15 trade sales, 3 buy-backs, and 9 insolvencies.
For more details about Neuhaus Partners, see www.NeuhausPartners.com.
sofatronic is a leading developer and provider of new TV and movie technologies for Blu-ray and tru2way platforms. The company was founded in 2006 and has offices in Hamburg and Los Angeles. Its technology facilitates the development of interactive applications for a broad variety of scenarios. Kaleidoscope Technology is used by movie studios in Hollywood and Europe, providing the industry with new sales potential and services.
For more information, please visit www.sofatronic.com.
For further details regarding this press release please contact:
Neuhaus Partners GmbH
Tel.: +49 (40) 355 282 - 26
Fax: +49 (40) 355 282 - 39