VisoCon Closes 7-figure Financing Round With i4g and tecnet equity; Strong Growth in the Smart Video Conferencing Sector

GRAZ, Austria, March 18, 2013 /CNW/ - VisoCon GmbH, a fast-growing high-tech company specialising in smart video conferencing solutions, announced the successful completion of an equity financing round.

The financing round involved, in addition to private funds of two business angels, the Austrian private equity company i4g and tecnet equity.

Technologically, VisoCon is the world leader in the field of video conferencing technology and occupies a market segment in the field of open web-based conferencing systems with multiple patents.

The current capital injection is to be used for the accelerated expansion of the worldwide sales network and for additional trendsetting developments in the field of open web-based video conferencing solutions.

Dr Andreas Kröpfl, CEO, on the financing round: "We will give the video conferencing market a radical new face with priorities set on transmission quality, integration capability and usability."

Dr Christian Pegritz, former managing director of Frequentis-AG and business angel at VisoCon adds: "VisoCon will establish itself as a major provider of innovative video conferencing solutions on the world market."

i4g

i4g is an Austrian private equity company based in Vienna. It designs business participations for family offices and private foundations in technology companies.

tecnet equity

tecnet equity finances technology-oriented and innovative companies. In addition, tecnet's area of responsibility includes support for patent and technology exploitation.

VisoCon

VisoCon is an Austrian high-tech company with an innovative focus on Smart Video Conferencing solutions. It has specialised in the area of freely scalable multipoint video conferencing solutions and has been working in the field of real time communication technology and video for 12 years.

SOURCE: VisoCon GmbH

For further information:

Dr. Peter Merschitz
+43-664-541-76-22
peter.merschitz@visocon.com

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VisoCon GmbH

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