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Prime Ventures exits Q-go for 34 million dollar to RightNow

Prime Ventures sells its stake in Netherlands-based company Q-go to NASDAQ listed firm RightNow. The American company acquires Q-go for a total amount of $ 34 million. The Dutch company grew with support of Prime Ventures to an industry leader in natural language technology in twelve years time. Q-go was Prime Ventures first investment in 1999. Sake Bosch, managing partner from Prime Ventures. 'It's great to see what growth Q-go has achieved in recent years. The company has tied big international companies to its technology. At RightNow this technology can even be further developed'.

Q-go's application for websites understands what customers are asking and delivers the right answer, the first time, based upon intelligent semantic search technology. Users often search for their own entries in search engines, with Q-go's technology it is understood what the user actually means. This results in a better customer experience, an immediate and guaranteed reduction in costs, a significant increase in online conversion and real-time customer insight. Q-go is used by airlines, international financial services and companies in telecommunications industry.

About Prime Ventures

Prime Ventures is a leading venture capital firm focusing on investing in European companies in the technology and related industries and leverages its capital, experience and network to actively guide them into global category leaders. The firm has invested in companies in the Benelux countries, United Kingdom, France, Finland and Sweden. From its offices in The Netherlands and the UK the independent partnership manages over 275 million euro in committed capital.

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