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Eqvitec exits from Secgo Software


April 30, 2007 -- Eqvitec Technology Fund I have sold its holding in the Finnish information security and mobility management software company Secgo Software Oy to the Norwegian listed company Birdstep Technology ASA.

Secgo Software Oy is a developer of information security and mobility management software and the company has offices in Tampere and Espoo in Finland and in the US. Secgo's products provide both mobile users and the users of fixed networks with secure, flexible and cost-effective remote access to the networks of their companies and organisations. The company’s solutions are used, among others, in the public, banking and finance, manufacturing, healthcare and military sectors.

Eqvitec invested in Secgo in the company’s spin-off from Secgo Group in 2004. The funds’ holding in Secgo was 18% prior to the sale.

”Eqvitec was an active party in creating the independent Secgo Software Company, SecGo has developed a strong product portfolio, which has already achieved international success. Birdstep is the forerunner in mobile solutions and together with SecGo they form a strong player in this growing market” comments Jukka Mäkinen, managing partner, Eqvitec Partners.


For further information, please contact:
Jukka Mäkinen, Managing Partner, Eqvitec Partners, tel. +358 50+ 66563


Eqvitec Partners Oy
Eqvitec Partners Oy is one of the largest technology focused venture capital firms in Northern Europe. The company was founded in 1997 and employs 15 investments professionals in Helsinki and Stockholm. Eqvitec Partners currently advises five funds with a total capital base of 440 million euros. The funds invest mainly in early and growth phase technology companies. At the moment the funds have investments in 40 technology companies and have successfully carried out 25 exits. More information can be found at www.eqvitec.com.


Secgo Software Oy
Secgo Software Oy, with offices in Tampere and Espoo, Finland, and Walnut Creek, CA, USA, provides software products for mobility management and information security. Secgo’s products enable seamless and secure use of wireless and fixed networks in mobile workforce automation, public safety, logistics and transportation, crisis management, and other many markets. Typical applications include secure remote access solutions, secure extranets for customers and partners, secure intranets, secured wireless LANs and VoIP solutions. Secgo’s products are widely used in demanding business sectors, such as the banking, finance, health care and manufacturing industries, as well as in the public sector, including the military. www.secgo.com


Birdstep Technology ASA
Birdstep Technology is a global software development, marketing and sales company offering seamless connectivity and mobility client software for mobile data users on laptops, pocket PC and smartphones as well as state-of-the-art embedded database technologies. Birdstep has an installed base at more than 40 operators globally including T-mobile Group, Vodafone Group, Orange, TIM, Turkcell, TMN, KPN, Sprint, Telenor and TeliaSonera. The company also cooperates with global partners such as Nokia, SonyEricsson, Cisco, Intel, Ericsson, Nortel Networks, HP and Fujitsu Siemens Computers. Headquartered in Oslo, Norway, Birdstep Technology ASA is listed on the Oslo Stock Exchange (OSE). www.birdstep.com
xx


Publisher Contact Information:

EQVITEC Partners Oy
+358 50+ 66563
-

Company profile of EQVITEC Partners Oy
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