snom Secures Funding from BO4 Capital
Investment will help snom increase global market penetration
BERLIN, GERMANY - June 25, 2007 - snom technology AG, developer and manufacturer of Voice-over-IP (VoIP) telephones, today announced that it has secured additional funding from Beaufort Capital, a Private Equity investor based in Hamburg, Germany. The recent cash infusion will be dedicated to worldwide marketing and sales efforts.
"snom's technology sets it apart from competitors designing and manufacturing VoIP phones," said Stefan Friese, partner of Beaufort Capital. "We recognized the potential for snom to secure a long-term leadership position in this industry, especially as security and reliability become more of an issue with VoIP solutions."
"This investment further emphasizes our growth potential in the VoIP market," said Michael Knieling, CFO and executive vice president of marketing and sales for snom. "With these funds we will be able to increase our market momentum significantly over the next few months."
All snom VoIP telephones, including the 300, 320, 360 and 370, are highly configurable and easy to manage through the keypad-cursor, dedicated function keys and menus, or Web browser, and offer user-friendly features like full-programmable keys and downloadable ringtones. snom phones offer a complete implementation of the IETF's latest recommendations for standards-based authentication and content security (SIP(s)/sRTP).
About snom
snom technology AG develops and manufactures Voice-over-IP (VoIP) telephones and related equipment based on the IETF open standard, SIP (Session Initiation Protocol). Recognized for its high quality, customizable and cost-effective business solutions, snom is also differentiated by the company's 10-year history in the VoIP industry, and its dedication to high security standards. All of snom's software exists in the firmware on the phones - making it easier for users to download updates and new features. snom customers benefit from the interoperability and flexibility that the snom telephones offer, including plug and play integration and universal compatibility with any SIP-based telephony platform. Additional
information on snom can be found at www.snom.com.
About Beaufort Capital
Beaufort Capital GmbH concentrates on small and medium-sized investments in mid-cap and growth companies. Beaufort Capital aims to achieve measurable and long-term results for its clients and portfolio companies. The in-depth analysis and understanding of the company situation is a prerequisite in achieving this goal. Additional information at www.bo4.de.
