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June 30, 2006
Ohnemus' Asset4 Taps Goldman Sachs As Strategic Partner
Yesterday Zug-based Asset4, an extra- financial data provider, announced it tapped Goldman Sachs to help sell its platform to the investment bank's clients and as a minority investor in an ongoning financing round.
Financial data services are on the edge of our scope but this is one of our Where Are They Now posts.
Asset4 was co-founded founded by Peter Ohnemus (right), one of Europe's famous founders from the bubble era. In the mid-nineties he co-founded The Fantastic Corporation, a Swiss software company that wanted to enable broadband content delivery from creator to customer.
It was backed by big name investors, had a successful float on Germany's now defunct Neuer Markt in 1999, and proceeded to achieve a market cap of of over $3B. Fantastic's sales never took off as expected, losses grew, and when the bubble burst, the stock plummeted accordingly.
Ohnemus, who was 35 then, left shortly after the IPO and has been an active business angel in the region until starting up Asset4 last year.
Its main product takes extra-financial data (such as environmental compliance, social, sustainability, and corporate governance information) and uses it to rate publicly-traded companies.
Asset4 sales pitch is based on the conviction that corporate governance practices are among the most important non-financial factors that have a direct impact on a company’s value over the long term. This chart is from one of its recent presentations.
The a:c euro visited Asset4 about a year ago and at that time its early investors and founders had invested about SFr8.5M for the startup phase.
Read - ASSET4 Enters into a Strategic Relationship with Goldman Sachs (businesswire)
Posted on June 30, 2006 06:40 AM | Posted to Where are they now | Permalink
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