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April 20, 2006
European VCs Exit Net4Call and 12Snap
Oracle paid an undisclosed amount to acquire Net4Call, which was backed by Alliance Venture. The 6 year old company sells a platform for developing telecommunications services (virtual PBX, click2dial, premium rate voice and the like), targeted at telcos.
Back in February, 12Snap was acquired for $22M. NeoMedia Technologies, Inc., has paid $22M for Germany's mobile applications firm 12Snap. We learned this week from Venture Capital Magazin (a German publication) that it was probably a disappointing exit for its founders and some of the VC-backers, which included Apax Partners, Argo Global Capital, BlueRun Ventures, as the firm raised some €44M over the years.
Read - Oracle acquires Net4Call
Read - Agreement to Buy Award-Winning Multinational Provider 12snap
Posted on April 20, 2006 11:42 AM | Posted to News And Updates | Permalink
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