NTR completes second round of financing to accelerate international expansion and growth.
April, 5th, 2006
NTR, a software vendor specializing in on demand solutions for remote support, remote control and remote access, today has completed a combined operation of capital increase and share buy back from former investors, for a total amount of 11.7 million euros. The investment, was made by venture capital funds managed by Elaia Partners and Debaeque Venture Capital, along with Tomàs Casanovas, company's president.
The total funds committed in the deal are closed to 11.7 M €, part of the funds will be use to help to finance ongoing development activities in different countries and future product launches. Another part of the funds will be use to buy shares in the hand of previous investors such Highgrowth Partners.
"Securing this major new funding and attracting leading international investors, such as Elaia partners and Debaeque, demonstrates the significant opportunity inherent with NTR. The support shown by our new and existing investors, positions the company extremely well for future commercial success" said Tomas Casanovas, Chief Executive Officer of NTR.
About NTR
NTR (Net Transmit & Receive) provides on-demand solutions for remote support, remote control and remote access to make companies' work more efficient, based on secure and easy to use solutions without Firewall or port configurations. NTR today is the European leader in on- demand remote control solutions.
NTR main business is the research and development of real time cooperation and communications tools with a commitment to technological innovation, security and feasibility for needs of their existing and potential customers.
NTR was co-founded by Tomas Casanovas, Luis Font and Joan Pons in 2000.
The company with a team of 150 professional is headquartered in Barcelona, with offices all over the world.
More information can be found on NTR website: www.ntrglobal.com
About Elaia Partners
Elaia is a venture capital firm based in Paris, with a primarily focus on the software and IT services sectors seeking to invest in emerging growth companies, covering all development stages.
Elaia Partners manages 50 M€ through Elaia Ventures, a fund raised in 2003, backed by major financial institutions, corporate investors and family offices.
Elaia is a proactive investor, providing extensive operating assistance to maximize the value of its portfolio companies, sharing its multidisciplinary skills: strong industrial background, technology expertise and financial know-how.
For additional information, see: www.elaia.fr
About Debaeque
Debaeque is an independent venture capital firm, based in Barcelona, dedicated to investments in Telecommunications and Life Sciences. DEBAEQUE began investing in European technological businesses in 2001.
Debaeque seeks out the top entrepreneurial teams in each investment area and then brings to bear all of its core assets in helping the entrepreneurs to build their company.
Debaeque's involvement has ranged from helping companies get started and structuring spin-outs to assessing strategic options, recruiting key personnel, providing marketing assistance and closing business development deals.
DEBAEQUE have a unique and distinguishing focus in the field of investment, with special emphasis on generating business in its portfolio's companies.
DEBAEQUE's investments include among others Musicstrands (www.musicstrands.com), Oryzon Genomics (www.oryzon.com) and SouthWing (www.south-wing.com).
For additional information, see: www.debaeque.com
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