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September 14, 2006
Softbank Invests In Asknet's Japanese Market Expansion
Asknet, an online software distribution platform company, has sold a 10 percent equity stake to Softbank BB Corp of Tokyo. The investment was part of an increase in Asknet's capital. Further terms were undisclosed.
The two had announced a joint venture to cover the Japanese market a month ago.
Asknet is a spinoff from the University of Karlsruhe that was founded in 1995. It claims to be the number two independent supplier of integrated shop solutions for software producers. It also operates its own software download site.
Sales in 2005 were €35M. It is backed by German VCs, including AdAstra, HVB, and Süd Private Equity. Institutional investors plus Softbank own 65 percent of the company. Before this round it raised €12M in total, we believe.
Posted on September 14, 2006 06:36 PM | Posted to News And Updates | Software | Venture Capital | eCommerce | Permalink
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