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Madrid, 28th April, 2009 – Genasys, IT firm specialised in location services and spatial analysis, has received a new investment from its current partner ADARA Venture Partners, and from some of its private associates.
The investment round has also included the investment of Caixa Capital Pyme Innovación, a company belonging to the group La Caixa, specially interested in expanding innovative firms.
These investments take place at times of special sensitivity of the cash flow in financial markets, and show a serious commitment to the growing possibilities of the Genasys business.
Genasys Holding, founded in 2004, groups a set of companies whose flagship is Genasys II Spain SAU, and whose activity is focused on solutions and services to locate mobile units and management of geographic data. Its most outstanding products are middleware systems for mobile communications operators, which include the possibility of alerts per zone, management of location in roaming and interoperation among different location providers. It also uses its own technology for solutions of servers of geospatial information, analysis and geographic information systems, as well as an exclusive portfolio of applications which include location.
For further information, please visit the corporate website : www.genasys.com
Adara is a capital risk firm, founded in 2003, which is focused on boosting the development of companies from the IT and Communications industry which show a large potential for growth and which are established in Spain or that show an important operative and sales links with Spain and related markets.
Adara supports the companies in which it invests with the supply of capital through investment funds and investment vehicles which it advises, as well as through its operative involvement. Currently, it advises vehicles with €55m between capital invested and investment capacity.
Adara has a wide experience in both investing, and speeding up the developments of the firms in which it invests. Usually, Adara also works with other capital risk firms, both Spanish and International. Currently, Adara has a stockholding in companies from the following areas: platforms and software services, mobility services, components and semiconductors and telecommunications equipment.
For further information please visit the corporate website : www.adaravp.com
About “la Caixa” Capital PYME Innovación
To support innovative enterprising plans throughout their different stages, La Caixa possesses different financing tools within the capital risk area: the Capital Semilla, to walk and collaborate with the enterprising firm during the project, through a participative loan; and, the Capital Crecimiento, aimed at innovative SME with a high growing potential, once the initial stage is finished.
Through its tools of capital risk for enterprising firms, “La Caixa” takes part in over 50 projects of business creation and development with an investment of almost 20 million euros.
For further information please visit the corporate website : www.lacaixa.es