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March 21, 2006
Interpeak acquisition an exit for Nordic backers
Two years after becoming profitable Interpeak, which develops and sells IPv4 and IPv6 security software targeted at mobile devices, has been acquired by Wind River for $20M.
Swedish Interpeak might have been identified as one of the 40 fastest growing tech companies in Europe last year by Deloitte but the deal size shows that middleware vendors are just not valued as highly as say a consumer-oriented dotcom company these days. Interpeak grew by more than 2000 percent in the period that Deloitte tracked it. Last publicly available annual sales information said it did €2.24M in 2004.
The six year old software firm raised at least €3.3M in VC. Its backers are Nordic-based, SEB and Ledstierman (owned about 20 percent).
Read - Wind River Acquires Interpeak (press release)
Read - Deloitte Top 50 (Embedded Computing News)
Posted on March 21, 2006 07:00 AM | Posted to Wireless | Permalink
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