Communology Receives Venture Capital for International Expansion



    
    - Solution Provider for the Mobile Communications Industry Successfully
    Completes Second Round Financing With Munich Venture Partners
    

    COLOGNE, Germany, Sept. 17 /CNW/ - With an investment of several million
Euros, German software and solution provider Communology will drive the
development of new types of mobile multimedia services and will expand its
business into new regions. The main focus will be on the rapidly growing
market segments of mobile social communities, mobile marketing and mobile
instant messaging. Besides the new lead investor Munich Venture Partners, the
existing investors S-VC, Kreditanstalt fur Wiederaufbau, and both founders,
Thomas Kahler and Frank Bell, participated in this second round of financing.
    "This investment provides us with the financial resources to turn our
visions into reality," commented Thomas Kahler, CEO and co-founder of
Communology. "We are now in an excellent position to deliver new products and
mobile solutions more quickly and to foster our international strategy
successfully in new promising markets."
    Dr. Walter Grassl, Managing Director of Munich Venture Partners said: "We
are impressed by Communology's technical competency and by its innovative
strength. The company is a leading and internationally successful player in
the mobile communications industry providing mobile multimedia applications to
well-known companies, e.g. Vodafone, T-Mobile, AT&T, Ericsson, Nokia, Sony
Ericsson, Telefonica and RIM."
    Communology's innovative and market proven technology has been deployed
within mobile phone manufacturers, mobile communications network operators and
customers from the media and IT industry. Time-to-market is an important key
to the company's success as well as its close cooperation with customers.
    Dr. Herbert May, Chairman of the Advisory Board adds: "Communology has
undergone a tremendously successful development. The company has built up an
excellent reputation among internationally leading companies in the mobile
communications industry."

    About Communology

    Communology operates worldwide as a specialist in rich-media mobile
communication solutions. Formed in 2001 and EN ISO 9001:2000-certified since
2003, the company and its test and development teams pioneer advances in the
implementation of mobile applications. Communology offers customers
individually customizable platforms designed to simplify and support the
creation of sophisticated applications. Its portfolio also includes test
environments for the mobile communications industry and quality assurance
services for the operating software in mobile phone Communology customers
include AT&T, T-Mobile, Vodafone, Nokia, and Sony Ericsson. The company is
headed by its two founders, Thomas Kahler, CEO and Frank Bell, CTO. In
addition to the two founders, the company is owned by SVC, Kreditanstalt fur
Wiederaufbau KfW, and Munich Venture Partners.

    For more information please visit http://www.communology.com

    MVP Munich Venture Partners

    Munich Venture Partners was founded by senior managers in the software
and semiconductor industry, and experienced venture capital professionals. As
the prime partner of the Fraunhofer-Gesellschaft, one of the world's leading
research organizations for applied research, Munich Venture Partners invests
in selected high-tech start-ups in the information, communication and energy
technology space. Based on a fund size of around Euro 60 million committed by
institutional, strategic and private investors including global leading
companies, Munich Venture Partners is able to successfully finance the growth
of high-tech start-ups and support their value generation.

    For more information please visit http://www.munichvp.com




For further information:

For further information: Press Contact Communology: Communology GmbH,
Thomas Kaehler, CEO and Founder, Im Mediapark 5b, 50670 Cologne, Tel:
+49-221-35559-500, Fax: +49-221-35559-599, thomas.kaehler@communology.com,
http://www.communology.com; unicat communications, Thomas Konrad/Marten
Boettcher, Alois-Gilg-Weg 7, 81373 Munich, Tel: +49-89-743452-20, Fax:
+49-89-743452-52, communology@unicat-communications.de,
http://www.unicat-communications.de

Organization Profile

COMMUNOLOGY GMBH

More on this organization


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890