Netadmin Raises $6MNetadmin Raises $6M

LINKOPING, Sweden -- Industrifonden becomes an active partner of fast-growing Netadmin Systems, a Swedish company, which develops software that automates business and operation processes in broadband networks. Netadmin’s present investor Eqvitec Technology Fund III also has a part in the SEK 40 million funding. The money is to be used for further international expansion of the company, primarily in Europe.

The company’s product, NETadmin, is a fully automated system for broadband networks and city networks and has been very well received by the market. The company is the Nordic market leader and has a sixty percent market share in Sweden.

The fully automatic system is very advantageous to end users and broadband network owners alike. Users can, through a portal, choose desired broadband services on their own and access them immediately. It is possible to pick an Internet service provider, for instance, or to temporarily subscribe to a TV channel of choice. To the network owner, the system means that operation costs can be cut in half and/or that existing staff will be able to handle several times the current number of users. The system also offers valuable flexibility when connecting new service providers or launching new services, such as IP telephony and HDTV, in the networks.

Customers include telephone operators, municipalities, electric companies, real estate owners and residential broadband network owners. Examples include Telia, Tele 2, Teracom, Telge Nät AB and Transit in Sweden, Dong (Denmark), StarNordic (Norway), VLP (Finland), Zürich City Network (Switzerland), INFL (England), and SIEA (France).

”Sweden, with its 155 city broadband networks, is a leading country. More and more citywide and residential broadband networks are established quickly all over the world, which is why Netadmin Systems, with its strong home market position, has excellent possibilities for international expansion,” said Anders Lindén, CEO of Netadmin Systems. “During the first six months alone, we have struck several important delivery agreement deals in Switzerland, England, Norway, and other contracts.”

Netadmin System i Sverige AB