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mic AG participates in a spin-off of a software engineering firm ProximusDA GmbH


Press Release

Munich, July 21, 2008. mic AG, a Munich based investment firm specializing in earlystage technology ventures has updated its portfolio to include 50% investment in ProximusDA GmbH through a spin-off. The software engineering firm specializes in system level design and software solutions that expedite hardware-software development processes, accelerate system performance and reduce costs. The company’s premium product “ Proximus” has already demonstrated a track record of success as a software tool.

ProximusDA GmbH is a spin-off company of the firm Instigate Design headquartered in Yerevan, Armenia. Instigate’s premium tool “Proximus” offers a standards-based system design environment enabling system designers the ability to trade-off HW/SW beginning with the early stages of design throughout all phases of the project. The product has already been successfully implemented in many system design projects.

In addition to mic AG, the Munich entrepreneur Fabian Rüchardt as well as Enno Wein and Vahagn Poghosyan will be the founding partners of ProximusDA GmbH. The focus of the new enterprise will include further developments to the existing software-tool “Proximus” and worldwide market entry.

“With the establishment of ProximusDA GmbH, we continue in the footsteps of Hello2morrow and plan to achieve similar success results as our first software portfolio company”, said Claus- Georg Müller, CEO of mic AG. mic AG acquired Hello2morrow at the beginning of this year and in the matter of few months has helped the company to become an European market leader. To date, the company has expanded its operations to include the US. Similar to Proximus GmbH, the company was able to materialize on the success of its existing tool product, and with the help of mic AG secure growth opportunities worldwide.

About mic AG:
mic AG is a publicly traded company listed in the Entry Standard of the German Stock Exchange since October 25th, 2006. The principal strategy of mic AG is to invest in the early stages of technology firms and provide these firms with a multi-faceted suite of services: financial, administrative, legal, consulting, sales and marketing. The portfolio companies benefit from market maturity and positioning of mic AG and its established management applications.

mic AG is active in the Microsystem, Communication/Fiberoptics and Medicine Technology sectors. With the acquisition of ProximusDA GmbH, and following the successful sales of three of its portfolio companies, mic AG currently holds 11 subsidiaries in its portfolio.

Contact und further Information
mic AG
Joanna Izdebski
Tel: +49-(0)3693-8813 133
Fax:+49-(0)3693-8813 149
Joanna.izdebski@mic-ag.eu
www.mic-ag.eu


Publisher Contact Information:

mic AG
+49-(0)3693-8813 133
Joanna.izdebski@mic-ag.eu

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