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Strategic investment for baimos technologies by automotive supplier company
BlueID technology, a system for secure digital identification by mobile phone, meets growing interest in the automotive sector. BlueID Drive is a development of baimos technologies and automotive supplier Marquardt. It provides the possibility to send access permissions and driver authorizations to mobile phones. In turn, cars can be opened and started by mobile phone. Especially for car rental companies and the growing carsharing market, BlueID offers great potential for increasing efficiency and process optimization. Alongside existing investors High-Tech Gründerfonds and Bayern Kapital, Marquardt participates in the investment. Increased marketing and sales activities for the product lines BlueID Access and BlueID Login, as well as the product launch of BlueID Drive are objectives of the investment. All parties agreed to maintain confidentiality about the details of the transaction.
High-Tech Gründerfonds and Bayern Kapital, investors of baimos technologies since 2007, are pleased about the closed round of financing: "It is good to see that baimos technologies was able to build up a strong pillar in the automotive industry. With Marquardt's investment and the continuing commitment of High-Tech Gründerfonds and Bayern Kapital, dynamic growth of the company as well as establishment of BlueID as a standard for secure digital permission management are possible" says Holger Heinen, Investment Director at High-Tech Gründerfonds.
About baimos technologies
baimos technologies holds unique know-how in the simple and secure implementation of smart solutions for mobile applications. With its focus on development of state-of-the-art solutions in the field of mobile security applications, baimos technologies provides scalable and highly available systems for access management. The company's innovative technology platform allows handling of security appliances with flexibly assignable access rights on standard mobile phones. baimos technologies offers a range of products and services including the proprietary access management system BlueID, as well as integration of mobile services into products of partner companies. Solutions of baimos technologies claim to be simple, secure and smart. The company, with its head office in Garching bei München/Germany, received multiple awards and is partnering with companies such as Marquardt, eQ-3/ELV, Microsoft and noris network. Amongst others, Daimler, Sixt and LMU München belong to its customer base.
About Bayern Kapital
Bayern Kapital was founded in 1995 as part of the "Bavarian Future Initiative" to facilitate access to venture capital particularly for young, innovative Bavarian companies. So far, Bayern Kapital invested about €168 m in more than 200 innovative high-tech companies. Bayern Kapital serves as regional contact and currently manages a fund volume of approximately €214 m.
The Marquardt Group is a worldwide leading manufacturer of electromechanical and electrical switches and switch systems for vehicles, electrical power tools and household appliances, as well as for other industrial uses. The Swabian family-owned business, with its headquarters in Rietheim-Weilheim, has won even further market share in fiscal year 2010, thereby establishing itself as a worldwide innovation leader. The deciding factor of the manufacturing group's success is, first and foremost, innovation. Marquardt invests annually about 10% of its sales for research and development of new products, in order to maintain its international competitiveness. No other manufacturer can offer a similarly broad product program with such depth, from appliance, snap and electrical power tool switches to complex control panels and Driver Authorization Systems.
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