November 25, 2004
Diemen, The Netherlands. Nedstat, European leader in website analytics, today announces the closing of a financing round of €3 million. The equity increased €1.5 million by an issue of new shares to Prime Technology Ventures and existing shareholders including Synergia Capital Partners. In addition, CenE Bankiers provided the company with a subordinated loan of €1.5 million. With these new funds Nedstat, having been profitable for the last seven consecutive quarters, will continue to develop its European expansion strategy.
Sake Bosch, managing partner of Prime Technology Ventures has been appointed to the board of supervisory directors of the company. "We are very impressed by the leading market position that Nedstat has achieved in Europe. The prestigious client list is powerful proof of the quality of the Nedstat products and the early adoption of the ASP model. We are convinced that Nedstat is perfectly positioned for the next developments in the use of the internet and websites. This will place increasing demands on website analytics." says Bosch.
"We are very content with this new financing round", says Michael Kinsbergen, CEO of Nedstat. "It means a further improvement of our financial position that provides us with additional room for our continuing expansion. We also welcome Prime Technology Ventures within our shareholder group particularly for their knowledge about the information technology and internet sectors. For the same reason, we are also pleased that Sake Bosch joins our supervisory board."
About Prime Technology Ventures
Prime Technology Ventures, established in Amsterdam (The Netherlands) and Cambridge (UK), is a leading technology venture capital firm with a labour-intensive and service-oriented approach to venture capital. Prime Technology Ventures focuses on investing in and accelerating high-tech companies in Europe and building them into global category leaders.
About CenE Bankiers
CenE Bankiers was founded in 1922 in Utrecht as 'NV Crediet en Effectenbank' and has been a subsidiary of F. van Lanschot Bankiers N.V. since November 2004.
The Nedstat subordinated loan has been arranged by CenE Bankiers Corporate Finance. This department focuses on complex transactions, growth finance and capital restructuring in the Midcorporate market. Aside from traditional banking products, CenE Bankiers Corporate Finance provides mezzanine finance, most often structured in the form of subordinated loans.