Iris Capital invests in tyntec
Mobile interaction service provider receives funding from leading European growth equity house
Paris, December 15th 2010: Iris Capital, leading pan-European growth equity and telecoms, media and technology fund today announces an investment in tyntec, a global mobile interaction service provider. The funding will be used to support tyntec’s ongoing drive to provide mobile interaction services to companies in a variety of sectors across the globe. As such, Iris Capital will join HarbourVest Partners as institutional investor.
Erkan Kilicaslan, Partner at Iris Capital Management, said, “We are delighted to become part of the tyntec family. The company is the leader in the mobile interaction services market, providing mission-critical mobile services for several industries. We believe that tyntec is in an excellent position with unquestionable growth potential and we are very much looking forward to working with tyntec to help the company further build on an even stronger proposition moving forward.”
Dr. Ralph Eric Kunz, Co-founder and Chairman of the Board of tyntec, said, “In Iris Capital we have found another important strategic partner to reach the next phase in tyntec´s evolution.”
Claudio Siniscalco, Vice President of HarbourVest and a Director of tyntec, said, “Iris Capital brings highly relevant telecommunications domain expertise, and we look forward to working with them to collectively support tyntec’s high growth ambitions.”
tyntec provides high-quality mobile messaging and information services to mobile network operators, enterprises, mobile service providers and internet companies. The company enables its customers to reach more than 90% of global mobile subscribers and offers a 15-second SMS delivery guarantee, real-time delivery notifications of all messages and a no-message loss policy.
Iris Capital has a strong heritage of investing in technology, telecoms and media companies, predominantly from Europe. The company believes in creating a close partnership with the companies it invests in, leveraging a network of strategic partners to encourage profitable long term growth.
Michael Kowalzik, CEO of tyntec, said, “We are delighted to be working with an investment partner who understands the capital requirements and business models of companies in the technology and telecoms sector. Iris Capital’s unique investor experience will allow us to leverage off our technological strength and market-leadership to further grow market share.”
About Iris Capital
Iris Capital is a pan-European growth capital fund manager specializing in media, communication and IT. Since its inception in 1986, the Iris Capital team has invested more than €800 million. Iris Capital targets opportunities in service or technology companies seeking growth capital in order to realize their strategy. Iris provides active support to its portfolio companies on the basis of its strong sector specialization and experience. Based in Paris, the Iris Capital team has invested to date in 18 European countries.
More information on Iris Capital can be found at the Iris Capital website http://www.iriscapital.com.
Contact: Erkan Kilicaslan, Partner, Iris Capital Management, T: +33.(0)1.45.62.73.73