End2End completes €10.5 million equity financing from Draper Fisher Jurvetson, Deutsche Bank and HP
End2End, Europe’s leading provider of turnkey Managed Service Solutions for mobile data services, today announced the completion of a €10.5 million round of financing.
The financing round was led by Draper Fisher Jurvetson ePlanet Ventures, the global fund of the Silicon Valley-based firm Draper Fisher Jurvetson, with strong participation from the existing shareholders Deutsche Bank and HP.
“Raising this scale of financing in the current economic environment further demonstrates the strength of End2End’s strategy and business model, and is a major sign of the continued strong support from our shareholders,” said Soren Ravn, Chief Executive Officer, End2End. “This round of financing provides End2End with the financial resources and capabilities to focus and drive profitable growth, and makes us a strong player in the consolidation of the mobile data industry, which was recently demonstrated through End2End’s acquisition of brodos messaging.”
The financing, which is a combination of new equity and debt-to-equity conversion, makes End2End’s business plan fully funded and leaves the company debt free, preparing End2End for expansion and growth.
“End2End has positioned itself as a strong mobile data services partner for mobile operators and service providers, as well as content providers and media companies,” said Roderick Thomson, Co-Chairman and Managing Director, Draper Fisher Jurvetson ePlanet Ventures. “We are pleased with the progress End2End has made in the past 12 months and we see that the company is very well positioned for continued development and profitable growth.”
About End2End
End2End is Europe's leading managed service provider for mobile data services. End2End operates a unique carrier-grade service delivery infrastructure from which it delivers third-party developed software solutions as managed services, as well as Technology Hosting and Outsourcing Services, to operators, portals, handset manufacturers and other companies. End2End's highly secure and scalable service delivery infrastructure, combined with an extensive network of best-of-breed partners, enables End2End's customers to source feature rich solutions with a shorter time-to-revenue, faster ROI and lower Total Cost of Ownership than in-house solutions. End2End's customers include leading mobile operators such as Vodafone, Orange, Proximus and SONOFON, as well as handset manufacturers such as Nokia Mobile Phones.
About Draper Fisher Jurvetson ePlanet Ventures
Draper Fisher Jurvetson ePlanet Ventures is a global venture capital firm focused on the information technology sector. DFJ ePlanet was founded in 1999 to take advantage of the growing trend towards globalization in technology by the leading Silicon Valley-based venture capital firm, Draper Fisher Jurvetson, in partnership with Europe-based ePlanet Partners (founded by Messrs. Roderick Thomson and Asad Jamal). In order to identify world-class technology investment opportunities on a local basis, DFJ ePlanet has opened offices in Silicon Valley, London, Singapore, Beijing and Seoul. DFJ ePlanet combines its first-class Silicon Valley team and the DFJ network with seasoned investment professionals in Europe, Israel and Asia who possess local market know-how and contacts. DFJ ePlanet will be open to partnering with best-in-class venture capitalists around the world to back extraordinarily innovative and entrepreneurial companies. DFJ ePlanet focuses on expansion and later stage investments in the U.S. and on seed to later stage investments in Europe, Israel and Asia. For more information about Draper Fisher Jurvetson see www.dfjeplanet.com.
About Deutsche Bank
With roughly €851 billion in assets and approximately 69,300 employees, Deutsche Bank offers its 13 million clients unparalleled financial services in 76 countries throughout the world. Deutsche Bank competes to be the leading global provider of financial solutions for demanding clients creating exceptional value for its shareholders and people.
Deutsche Bank ranks among the global leaders in corporate banking and securities, transaction banking, asset management, and private wealth management, and has a significant private & business banking franchise in Germany and other selected countries in Continental Europe. www.deutsche-bank.com
About HP
HP is a technology solutions provider to consumers, businesses and institutions globally. The company's offerings span IT infrastructure, personal computing and access devices, global services and imaging and printing for consumers, enterprises and small and medium businesses. For the last four quarters, HP revenue totalled $71.3 billion. More information about HP is available at www.hp.com.
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