snom Secures Funding from BO4 Capital

Released on = June 25, 2007, 8:39 am

Press Release Author = Janine Savarese/MRB Public Relations

Industry = Telecommunications

Press Release Summary = Investment will help snom increase global market penetration

Press Release Body = BERLIN, GERMANY - June 25, 2007 - snom technology AG, developer
and manufacturer of Voice-over-IP (VoIP) telephones, today announced that it has
secured additional funding from Beaufort Capital, a Private Equity investor based in
Hamburg, Germany. The recent cash infusion will be dedicated to worldwide marketing
and sales efforts.

"snom's technology sets it apart from competitors designing and manufacturing VoIP
phones," said Stefan Friese, partner of Beaufort Capital. "We recognized the
potential for snom to secure a long-term leadership position in this industry,
especially as security and reliability become more of an issue with VoIP solutions."

"This investment further emphasizes our growth potential in the VoIP market," said
Michael Knieling, CFO and executive vice president of marketing and sales for snom.
"With these funds we will be able to increase our market momentum significantly over
the next few months."

All snom VoIP telephones, including the 300, 320, 360 and 370, are highly
configurable and easy to manage through the keypad-cursor, dedicated function keys
and menus, or Web browser, and offer user-friendly features like full-programmable
keys and downloadable ringtones. snom phones offer a complete implementation of the
IETF's latest recommendations for standards-based authentication and content
security (SIP(s)/sRTP).

About snom
snom technology AG develops and manufactures Voice-over-IP (VoIP) telephones and
related equipment based on the IETF open standard, SIP (Session Initiation
Protocol). Recognized for its high quality, customizable and cost-effective business
solutions, snom is also differentiated by the company's 10-year history in the VoIP
industry, and its dedication to high security standards. All of snom's software
exists in the firmware on the phones - making it easier for users to download
updates and new features. snom customers benefit from the interoperability and
flexibility that the snom telephones offer, including plug and play integration and
universal compatibility with any SIP-based telephony platform. Additional
information on snom can be found at www.snom.com.

About Beaufort Capital
Beaufort Capital GmbH concentrates on small and medium-sized investments in mid-cap
and growth companies. Beaufort Capital aims to achieve measurable and long-term
results for its clients and portfolio companies. The in-depth analysis and
understanding of the company situation is a prerequisite in achieving this goal.
Additional information at www.bo4.de.

Press Contacts

Christian Baier
snom technology, AG
+49 30 39833-106
Baier@snom.de

Janine Savarese
MRB Public Relations
732-758-1100
jsavarese@mrb-pr.com

Kristen Keller
MRB Public Relations
732-758-1100
kkeller@mrb-pr.com

# # #


Web Site = http://www.snom.com

Contact Details = MRB Public Relations, INC.
106 Apple Street, Suite 200G
Tinton Falls, NJ 07724
Tel: (732) 758-1100
Fax: (732) 933-0993

  • Printer Friendly Format
  • Back to previous page...
  • Back to home page...
  • Submit your press releases...
  •