vistream's parent company Telogic and BNP Paribas Private Equity, the private equity arm of BNP Paribas, today announced that BNP Paribas Private Equity has invested € 3 million in the Danish MVNE and expects to see strong growth in the coming years. The investment will especially help Telogic to further accelerate its expansion in the German and Polish markets.
”We have a strong position in Sweden and Denmark since many years, and we are currently rapidly expanding in Poland and Germany, where we acquired a majority of the shares in the German MVNE vistream GmbH earlier this year. The backing of BNP Paribas Private Equity allows us to further strengthen our position in these markets, and to expand into other markets in Europe”, says Per Erik Ångman, CEO at Telogic and vistream.
Telogic has had an average growth of over 90 percent during the last three years, and revenues in 2009 reached € 17.4 million. The infusion of new venture capital allows the company to continue to grow rapidly and to consider strategic acquisitions.
”We have been following Telogic closely for quite some time”, says Nicolas Vaillant, Director of Investments at BNP Paribas Private Equity. "We have been impressed by the strong business acceleration during the last years, based on good fundamentals and high-level management”
”Telogic is an innovative and well run company with great potential”, Nicolas Vaillant continues. ”With a more focused European strategy, the company will now expand at an even higher rate in the coming years.”
Press contacts:
Telogic
Per Erik Ångman, CEO
+45 22815449
peje@telogic.dk
BNP Paribas Investment Partners
Malka Nusynowicz
+33 1 58 97 29 51
malka.nusynowicz@bnpparibas.com
About Telogic
Telogic is headquartered in Copenhagen and is the largest MVNE in Europe with more than 35 active MVNOs in four countries (Poland, Germany, Sweden and Denmark). Telogic delivers services within mobile telephony, land based telephony and broadband and acts as a enabler between network operators and the MVNO. This could be a company with a strong brand, a large customer database, or a telephone operator without a mobile network. Telogic enables the MVNO to focus on sales and marketing, without the need to become telecom-experts themselves. See www.telogic.dk
About BNP Paribas Private Equity
BNP Paribas Private Equity brings together the third party private equity teams of BNP Paribas Investment Partners.
The asset management activities are supported by (i) a strategy and development arm dedicated to the creation of new activities both in and outside France using BNPP IP’s global network, and (ii) a comprehensive fund administration service.
BNP Paribas Private Equity was created in 1998, spin off from the investment department of Banexi, BNP’s former investment banking department, which generated several other asset management companies such as Banexi Ventures Partners, Banexi Capital Partenaires, Euromezzanine Conseil, and Orkos Capital, today independent companies.
For more info, go to: www.bnpparibas-ip.com
”We have a strong position in Sweden and Denmark since many years, and we are currently rapidly expanding in Poland and Germany, where we acquired a majority of the shares in the German MVNE vistream GmbH earlier this year. The backing of BNP Paribas Private Equity allows us to further strengthen our position in these markets, and to expand into other markets in Europe”, says Per Erik Ångman, CEO at Telogic and vistream.
Telogic has had an average growth of over 90 percent during the last three years, and revenues in 2009 reached € 17.4 million. The infusion of new venture capital allows the company to continue to grow rapidly and to consider strategic acquisitions.
”We have been following Telogic closely for quite some time”, says Nicolas Vaillant, Director of Investments at BNP Paribas Private Equity. "We have been impressed by the strong business acceleration during the last years, based on good fundamentals and high-level management”
”Telogic is an innovative and well run company with great potential”, Nicolas Vaillant continues. ”With a more focused European strategy, the company will now expand at an even higher rate in the coming years.”
Press contacts:
Telogic
Per Erik Ångman, CEO
+45 22815449
peje@telogic.dk
BNP Paribas Investment Partners
Malka Nusynowicz
+33 1 58 97 29 51
malka.nusynowicz@bnpparibas.com
About Telogic
Telogic is headquartered in Copenhagen and is the largest MVNE in Europe with more than 35 active MVNOs in four countries (Poland, Germany, Sweden and Denmark). Telogic delivers services within mobile telephony, land based telephony and broadband and acts as a enabler between network operators and the MVNO. This could be a company with a strong brand, a large customer database, or a telephone operator without a mobile network. Telogic enables the MVNO to focus on sales and marketing, without the need to become telecom-experts themselves. See www.telogic.dk
About BNP Paribas Private Equity
BNP Paribas Private Equity brings together the third party private equity teams of BNP Paribas Investment Partners.
The asset management activities are supported by (i) a strategy and development arm dedicated to the creation of new activities both in and outside France using BNPP IP’s global network, and (ii) a comprehensive fund administration service.
BNP Paribas Private Equity was created in 1998, spin off from the investment department of Banexi, BNP’s former investment banking department, which generated several other asset management companies such as Banexi Ventures Partners, Banexi Capital Partenaires, Euromezzanine Conseil, and Orkos Capital, today independent companies.
For more info, go to: www.bnpparibas-ip.com
