Gimv serious about France

After opening an office in Paris and hiring great people in France, today Gimv announced again that we are very serious about France.  The French team announced today a €4,5 Mio investment in Made-in-design, a leading online design specilialist.

For the Technology team, this investments completes an already large French portfolio including Inside Contactless, TinubuSquare, Movea, Mentum, fovea, Innate, …

Openbravo wins Best of Open Source Award 2009

Congratulation to the team ! link

At least as impressive is the new Openbravo Quistart product : only 40 hours to implement before it’s up and running !

Fast50 & Rising Star for the first time in Belgium

This year sees the 10th edition of the Technology Fast50.  Just like last year, Gimv is one of the main VC sponsors of the event.  For the first time Belgian companies can participate in the selection.  Criteria for Fast50 are :

  1. Your company is a technology company based on the following criteria:
    • The company develops proprietary technology that contributes to a significant portion of the revenues. Using another company’s technology or making it uniquely available is disallowed.
    • The company manufactures a technology related product.
    • The company devotes significant attention to Research & Development.
  2. The headquarters is established in the Benelux. Subsidiaries and divisions are barred from entry, unless they have some public ownership and are separately traded. If your headquarters is not established in the Benelux you can still enter the Technology Fast 500 election.
  3. The company is older than five years.
  4. Your company’s revenues were at least EUR 50,000 in the reference year and EUR 800,000 in the fifth year.
  5. The company must make available completed financial statements on time. The information serves to verify the revenues figures and will be treated confidentially.

Criteria for Rising Star are :

  1. Your company is a technology company based on the following criteria:
    • The company develops proprietary technology that contributes to a significant portion of the revenues. Using another company’s technology or making it uniquely available is disallowed.
    • The company manufactures a technology related product.
    • The company devotes significant attention to Research & Development.
  2. The headquarters is established in the Benelux. Subsidiaries and divisions are barred from entry, unless they have some public ownership and are separately traded. If your headquarters is not established in the Benelux you can still enter the Technology Fast 500 election.
  3. The company is older than one year and younger than five years.
  4. Your company’s revenues were at least EUR 50,000 in 2008.

Resgistration at http://www.fast50.be/

Gimv strengthened its VC advisory board with Open Source expert

Richard Seibt, Chairman of the Open Source Business Foundation (OSBF), is joining the Technology Advisory Board. Richard Seibt has 30 years of international business experience in the IT industry, mainly in software and internet. Previously he was CEO of SuSE Linux AG, which he sold successfully to Novell, where he became President EMEA. Prior to that, he was a management board member at United Internet AG. He started his professional career at IBM where he held several management positions in Business Development and Sales and Marketing both in Germany and in other European countries. He is also board member of several, mainly European, software companies and acts as a business angel.

Since 2002 Gimv Technology can rely on the support of an Advisory Board, a committee consisting of high-profile international managers. They assist the Technology team in identifying market and investment opportunities and providing insights in strategic and operational matters

Openbravo – growing momentum as well for the Open Source Industry

Openbravo keeps on surprising the industry by moving fast and attrackting exceptional people :

  • In November 2008 Openbravo hits the 1 Mio downloads
  • A few weeks later Openbravo is ranked n° 10 in the VAR guy’s open source Top 50
  • And last week Openbravo announced that Jesper Balser (co-founder and CEO of Navision) is to join the board and Cees Poortman (ex Navision Netherlands and Director Microsoft Business Solutions) is appointed as VP Global operations.

Growing a company is a lot of hard work, but hiring exceptional people is the catalyst for growth.

GreenPeak: leading technology pioneer on fast track to commercial success

GreenPeak, the Netherlands based ultralow power wireless chipset venture, has been selected by World Economic Forum as one of the world’s leading technology pioneers offering new technologies or business models that could advance the global economy and have a positive impact on people’s lives. http://images.businessweek.com/ss/08/12/1204_tech_pioneers/index.htm

 

The timing of this reward coincides well with the market introduction of GreenPeak’s ultra low power wireless chipset for control and sensor networks the GP500. Based on the demos of its solutions for remote control, ESL and light switching applications the company had already attracted significant interest of the large OEMs and vendors in these markets. Since third quarter, commercial samples were shipped to customers resulting in several design wins in North-America and Japan in 3 months time since shipping the first samples! The consistent positive feedback and great progress at customers have confirmed that GreenPeak has a clear technological lead and taken the right approach towards the market. We at Gimv are very proud that we are actively participating and backing this exciting venture.

 

Elderd

The king is dead, long live the king !

Last week the world of venture capital received a summary of an apparently dramatic CEO meeting at Sequoia. In these notes, the senior partners of the VC firm elaborate on the consequences of the worldwide financial crisis for their portfolio companies and urge the CEO’s to preserve cash and extend their runway: “RIP good times”. Although nobody is sure about the full implications of the crisis and whether the old models will still apply, there seems to be a consensus that the old motto remains valid: “Cash is king”.

We noticed that several of our portfolio companies had already taken the appropriate action without waiting for the wisdom spread by the Sequoia report. Different contingency plans are being prepared taking into account different scenarios of market development. Each business has to adjust its roadmap depending on the depth and length of the crisis in its relevant market. These plans have to be reviewed at least on a quarterly basis.

Gimv Technology agrees that actions should be prepared to defend the current portfolio. We believe however that this crisis also provides the basis for attractive new investment opportunities, the basis for future wealth. Any fundamental crisis provides scope for disruptive innovations, led by smart and daring entrepreneurs, either to solve the issues at hand or to lead the economy into totally new area’s of growth. Given the strong and cash-rich balance sheet of Gimv and given our evergreen structure, we are well positioned to capture such opportunities and support international technology companies, not just to weather the storm, but also to capture market positions left open by others. Our message towards the technology leaders of the future: Gimv Technology is willing to support you in building your business and capture the market opportunity !

“Every disadvantage triggers an advantage” said Johan Cruyf, the famous Dutch soccer player. We believe this also applies to the current market.



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