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Target Partners Fund II makes first investment


Press release

Three million euros venture capital for Ubitexx GmbH, innovative developer of Mobile Device Management software

Munich, November 14, 2008: The Munich-based venture capital firm Target Partners (www.targetpartners.de) today announced a three million Euro investment in Ubitexx GmbH (www.ubitexx.com), a leading developer of management and security solutions for smartphones and PDAs. This represents the first deal for the newly-raised Target Partners Fund II. Target Partners acted as the lead investor in this financing round, along with existing investors BayBG and KfW.

Cost-effective and Secure
The purpose of this financing round is to accelerate product development for 'ubi-Suite', the award-winning Mobile Device Management solution from Ubitexx GmbH, and to fund international expansion with a focus on the USA. 'Ubitexx has solved a set of critical problems for enterprise customers', said Kurt Müller, Partner at Target Partners.

'Corporations now have a complete solution for the cost-efficient provisioning and management of any number of smartphones and PDAs 'over-the-air' - including the full implementation of policies and compliance requirements. Ubitexx has also created the first solution with integrated user-rights management for smartphones and PDAs', added Kurt Müller.

A Decision in Favor of Target Partners
Markus C. Müller, General Manager of Ubitexx GmbH, is positively impressed by Target Partners, and not only because of the capital provided: 'With help from Target Partners' international network we can more quickly and successfully extend our innovative position in Mobile Business on a world-wide basis.'

Ubitexx GmbH
Ubitexx develops and distributes innovative management and security solutions for smartphones and PDAs. As a technology leader Ubitexx offers system software for 1st time provisioning and deployment, configuration of settings, user rights management and central administration of mobile devices to companies, public administration, mobile software manufacturers and service providers. Since the founding of the company in 2002 Ubitexx solutions have been used worldwide by leading banks and insurance companies, well-known energy and pharmaceutical groups, media houses, public authorities and industry sectors such as automotive and engineering.

About Target Partners
Target Partners, with more than 207 Million Euros under management, is one of the leading early-stage venture capital funds in Germany. The firm invests in start-up and early stage companies and supports them during their build-out and expansion phases. With many years of experience as managers, entrepreneurs and venture capitalists, the team at Target Partners supports entrepreneurs in developing and marketing products and services, building organizations, raising money and taking companies public in Europe and the United States. For more details: www.targetpartners.de

About BayBG:
BayBG (www.baybg.de) is one of the most important investment companies for medium-sized enterprises in Germany. BayBG is currently strengthening the capital base of 540 medium-sized businesses with around 290 million Euro. Through its commitment, BayBG enables the companies to realize expansion and innovation plans, make corporate succession plans as well as optimize the capital structure.

About KfW:
KfW gives impulses for the economy, society and ecology in Germany, Europe and the world over. It supports change and promotes promising ideas. Start-ups, tech companies and established SMEs can find tailor-made transparent offers of equity finance products. In the area of early stage financing you will find suitable financing offers, for both the start-up and the seed phase. The ERP Start Fund provides equity finance for the start-up phase of young technological companies. The Start Fund leverages private equity since it only provides capital if a co-investor is involved. In this way, it creates incentives for private investors to enter the market. The participations by KfW and co-investor are subject to the same economic conditions.

Press Contact Target Partners:
Compass Communications GmbH
Agentur für Unternehmenskommunikation
Helena Horak
Hesseloher Str. 9
80802 München
Tel.: (089) 189 508-80
Fax: (089) 189 508-97
Mail: helena.horak@compass-communications.de


Publisher Contact Information:

Target Partners
+49 (089) 189 508-80
helena.horak@compass-communications.de

Company profile of Target Partners
Past press releases of Target Partners.

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