Winbox Technologies AG closing equity financing with leading German Venture Capital company TVM CapitalWednesday, June 11th, 2008
FURTWANGEN, Germany — Winbox Technologies, leading provider of OEM technology solutions for Windows Embedded based TV-centric consumer electronics announces the closure of the first institutional equity financing round with lead-investor TVM Capital (Munich/Boston) and angel-entrepreneur Robert Schneider, founder and longstanding CEO of publicly listed SCM Microsystems. With the financing Winbox has transformed its legal structure into a share company under German legislation registered under the new name of Winbox Technologies AG. As part of the transaction, co-investor Robert Schneider and TVM Capital’s General Partner Christian Claussen will join the company’s supervisory board to support founding CEO, Christof Winker, on his mission to build Winbox into a premier OEM-brand in the market for connected consumer TV, Video & Audio devices.
“With the new company, shareholder and management structure we will further boost our ability of enabling customers to build and deploy their own superior connected TV products with optimized return on investment and reduced time to market. We proudly welcome the new shareholders on board and will ensure that our customers and partners will immediately benefit from the increased momentum”, comments Christof Winker, CEO of Winbox Technologies.
“We strongly believe that a revolution in the TV and home-networking area is on its way and have therefore been scanning the space for a compelling investment opportunity for quite some time”, says Christian Claussen, General Partner at TVM Capital. “Winbox offers investors an interesting combination consisting of an experienced, business savvy management team and a unique product roadmap strategy.”
“The team has recognized very early on that the implementation of proven ITstandards will be key in driving the emerging TV 2.0 opportunity towards a mass market”, adds Robert Schneider.
About Winbox Technologies
Winbox Technologies is the leading provider of OEM technology solutions for Windows Embedded based TV-centric consumer electronics. IPTV receivers, video on demand systems (VoD), hard disk video recorders (PVR / DVR), connected TV-sets and set-top-boxes can be realized with less development investments and time by using Winbox Technologies’ products. Customers can either source so called “Turnkeys” which contain a complete OEM solution including hardware, software and production services or licence specific technology modules for in-house development. Partners and customers include Microsoft, NXP, ASUS, Sling Media, Medion, 1&1 and ProSiebenSat.1.
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