Inventure invests in Conmio

January 26, 2010

Inventure has secured A-round financing totaling 2 million USD into Finnish mobile publishing platform firm Conmio. The financing will be used to support Conmio’s international growth and product development. Conmio’s target customers include media firms, device manufacturers, and other companies interested in providing mobile solutions to their customers or end users.

Conmio has a versatile mobile publishing platform ManaGate for converting websites for mobile viewing on different handsets. With the solution firms are able to integrate mobile channel automatically as part of the firm’s overall content and services publishing process. ManaGate also optimizes the amount of data transferred. Conmio’s mobile platform is one of the most flexible available in the market.

Conmio’s customers include many known firms, including the Finnish media firm MTV3, Nokia, and DNA. Especially the Northern America is an interesting market to Conmio and it already has multiple clients in the region. The latest client is National Public Radio, and others include About Inc, Boston Globe, The New York Times, Oklahoma Publishing Group, and Canadian Georgia Straight.

“We see a many opportunities for Conmio’s expansion due to the strong demand for mobile services. Conmio has great possibilities to gain strong market position in rapidly growing markets” says Tuomas Kosonen, Inventure.

For further information:

Tero Hämäläinen, CEO, Conmio Oy +358 40 7524 241, tero.hamalainen@conmio.com

Tuomas Kosonen, Investment Director, Inventure Oy +358 50 400 2110, tuomas.kosonen@inventure.fi




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