CapMan Funds Invest in Movial

HELSINKI -- Movial Applications and CapMan have announced an investment of funds managed by CapMan in Movial Applications Oy. Movial Applications develops IP (Internet Protocol) communication software for network equipment manufacturers, device manufacturers and operators. The investment is made to expand the company's software product sales and international customer support operations throughout Europe, Asia and the Americas.

Movial has gained international success with major operators deploying its Movial Communicator and Messenger client software products. Movial clients enable service providers to capitalise and unify the IP communications user experience across PC, mobile and connected devices. Its customers include Orange, Telefonica, KPN, Elion, and others on three continents.

"We believe Movial is in strong position to capitalise the growth in its key markets as the whole telecommunications industry is rapidly moving towards Internet based communications. Movial has rapidly become an established player in the industry. The company has proven its products with its global customers and created a partnership network through strategic business development projects", says Vesa Walldén senior partner of CapMan.

"The industry has seen a rapid shift to digital high-speed and broadband networks. Now the new frontier, uniting mobile and fixed networks is IP communications that will offer unparalleled number of experiences to the end user. Movial is on the forefront of this wave and will enable operators to offer the most robust and uniform end user experience across networks and devices", says Dr. JT Bergqvist CapMan's Industrial Advisor.

"The investment boosts Movial's capability to support customers and partners globally. Our client software products enable mobile and fixed lined operators to introduce branded converged multimedia services, which embrace IP telephony, video telephony, IP Centrex, Instant Messaging, and presence services. Today our unique technology enables similar IP Communication features across PC, browser and mobile devices. We plan to support wider range of services and devices", says President of Movial Applications Victor Donselaar.

Movial Corp.