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ZURICH, Switzerland – April 10, 2002 – esmertec, inc. (www.esmertec.com), a leading global supplier of embedded Java™ virtual machines for mobile devices, today announced that it has extended its ongoing round of financing to a total of € 10 Million. Sofinnova Partners joined Earlybird Venture Capital, Partners Private Equity and four other funds advised by Partners Group in this extended round of financing. Jean Schmitt, Partner at Sofinnova Partners, joined esmertec’s Board of Directors.
"We are fortunate to have partnered with top-tier investors who will help us extend our market reach and strengthen our industry leadership position," says Hansruedi Heeb, CEO of esmertec. “The fact that these companies are investing in esmertec demonstrates their vision and commitment to developing cutting-edge technologies.”
About esmertec, inc.
esmertec is the leading provider of Java™ solutions for the mobile world. Our wireless and enterprise class solutions are based on Sun Microsystems J2ME™ technology and the Jbed Micro Edition Platform. The Jbed platform delivers service providers, mobile device manufacturers, application developers and enterprise IT organizations the rich user experience of high performance computing on small devices. Founded in 1999, esmertec is based in Switzerland with sales, engineering and support offices in the United States. For more information, please visit the esmertec website at www.esmertec.com. For specific queries, please contact:
Corporate Headquarter:
Hansruedi Heeb
CEO
hheeb@esmertec.com
US Office:
Ted Lewis
President and General Manager, America
tlewis@esmertec.com
About Sofinnova Partners
Sofinnova Partners is a leading European Venture Capital firm dedicated to investing in start-up and early stage companies in Europe and the US, both in the Information Technology and Life Sciences sectors. Based in Paris since 1972, Sofinnova Partners also has a presence in San Francisco through its sister company Sofinnova Ventures. Sofinnova Partners has EUR 550 million under management. For more information, please visit the Sofinnova website at www.sofinnova.fr.
About Earlybird
Earlybird Venture Capital provides capital, know-how, management support and a large network of industry experts to selected European and North American new technology enterprises and innovative entrepreneurs. Its strategy is to be among the first venture investors in technology companies that seek to create new markets. Earlybird currently manages three funds totaling USD 300 million in committed capital. Its investment focus lies on information technology, communication, healthcare, and convergent technologies. For more information, visit the Earlybird website at www.earlybird.com. For further information please contact:
Roland Manger
manger@earlybird.com
Wolfgang Seibold
seibold@earlybird.com
Maximilianstr. 14
80539 München
Tel.: +49 (89) 290 70 2-0
Fax: +49 (89) 290 70 2-22
About Partners Group
Partners Group (together with its affiliates) is one of the leading private equity managers / advisors in Europe with more than CHF 4 billion under management / advisory. Partners Group’s core focus is to develop and manage tailor-made private equity products and investment solutions for various investor profiles. For more information, visit the Partners Group website at www.partnersgroup.net
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This press release contains forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those set forth in the forward-looking statements. Actual results may differ materially from those projected. Esmertec disclaims, however, any intent or obligations to update these forward-looking statements.
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Jbed, Jbed Micro Edition CLDC, Jbed Micro Edition CDC, Jbed Profile for MID, FastBCC, and TBCC are registered trademarks of esmertec. Java and all Java-based trademarks are registered trademarks of Sun Microsystems, Inc. in the U.S. and other countries. Other brands and products are trademarks of their respective holder/s.
www.esmertec.com
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