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CapMan sold Solid to IBM


Press Release 21 December 2007
CapMan sold Solid to IBM
CapMan funds and other owners have sold their stake in Solid Information Technology Oy to IBM. The exit has no substantial impact on CapMan Plc’s result for 2007 or 2008.
Solid Information Technology is a provider of database solutions that stores data in main-memory at all times for real-time access. Solid’s products enable the reliable functionality mission-critical network infrastructure and software as well as different kinds of enterprise applications.
CapMan made the initial investment in Solid Information Technology in 2004. CapMan Equity VII and Swedestart Tech KB funds have invested in Solid in 2004 and 2006. The investment in Solid did not meet original expectations.
“We are pleased that Solid’s leading technology will extend IBM’s word-class portfolio of database solutions. This is the result of work by a team of talented and dedicated professionals who now bring their expertise to IBM to continue to serve customers and deliver innovative database solutions.” says Ari Valtanen, Co-Founder and Chief Technology Officer of Solid.
CapMan Technology invests in Nordic expansion and later stage technology companies. CapMan’s Technology team, having a long track record in accordance with this investment focus, is one of the most experienced in the Nordics. The team has made close to 70 Nordic investments and 40 exits. Examples of the current portfolio are Finnish Novintel, Swedish Tritech Technology, Norwegian Locus and Danish ScanJour.
For further information, please contact:
Vesa Walldén, Senior Partner, CapMan Technology, tel. +358 9 6155 8361 or +358 400 616 997
CapMan is one of the leading alternative asset managers in the Nordic countries and manages Nordic funds with approximately EUR 3 billion in total capital. CapMan has four investment areas (CapMan Buyout, CapMan Technology, CapMan Life Science and CapMan Real Estate), and each of them has a dedicated team. Altogether CapMan employs around 100 people in Helsinki, Stockholm, Copenhagen and Oslo. CapMan was established in 1989 and its B shares are listed on the Helsinki Stock Exchange since 2001.