Mirasys Ltd, a leading provider of networked video surveillance systems, expands its ownership base. The investment made by CapMan, one of the leading private equity investors in the Nordic countries, enables Mirasys to expand its international presence and to strengthen its competitive edge in the fast developing security industry.
Mirasys develops and markets innovative solutions for recording, analysing, storing and managing video and other surveillance-related data for the security industry. The company has 35 employees in Finland and Spain. Approximately half of Mirasys' net sales accrued from outside of Finland in 2006, with the other Nordic countries and Spain as the most important international markets. Mirasys' recent end-user customers include the Norwegian University of Science and Technology in Trondheim, the ASEM summit in Helsinki, and several New York State school districts.
"CapMan's investment enables Mirasys to ensure a definite competitive edge in the fast developing security industry and provides us with a chance to significantly strengthen our product development. In addition, the investment provides us with the perfect opening for strengthening our international presence through CapMan's comprehensive international network," comments Pasi Lehmus, CEO of Mirasys.
"Mirasys has proven the competitiveness of its product concept and the viability of its business model with local Finnish partners in addition to having major partnerships in other geographic markets. The digitalisation of the video surveillance systems and growing interest towards security in general create good growth prospects for the sector. Together with the management, we will focus on Mirasys' growth, internationalisation and strengthening of strategic position in future," states Johanna Lindroos, Investment Director at CapMan.
CapMan Technology invests in Nordic expansion and later stage technology companies and CapMan's Technology team, having a long track record in accordance with this investment focus, is one of the most experienced in the Nordic countries. The portfolio companies of CapMan Technology typically deliver industrial (OEM) and B-to-B infrastructure, applications or services.
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