Funds managed by the Nordic venture capital firm CapMan have announced an investment in Movial Applications Oy, a developer of Internet Protocol communication software for network equipment manufacturers, device manufacturers and operators. The money will enable the company to expand sales and customer support operations throughout Europe, Asia and the Americas.
Movial’s software makes it possible for network operators to unify their IP services across PCs, mobiles and other devices. Customers include Orange, Telefonica, KPN and Elion.
“The industry has seen a rapid shift to digital high-speed and broadband networks. Now the new frontier is uniting mobile and fixed networks using IP communications that will offer unparalleled experiences to the end user,” said CapMan’s Industrial Advisor Dr. JT Bergqvist. “Movial is at the forefront of this wave and will enable operators to offer the most robust and uniform end user experience across networks and devices.”
The investment in Movial is made by CapMan Technology 2007 fund, in which CapMan is a substantial investor. Movial is the first portfolio company of CapMan Technology 2007.