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And once again mic AG wins an investor for a portfolio company - ProximusDA

Munich, 22 July 2009 - All good things come in threes, says the vernacular. Following this motto the early stage investor mic AG sells shares of ProximusDA to V + GmbH & Co. Fond 2 KG. Thus the circle of investors is rising at three. Through this partial exit mic AG was able to achieve an IRR of 462.3%.

ProximusDA develops and markets software solutions that fasten the development process for hardware and software and thus help to reduce costs. The basic technology al ready exists and is in practice under the name 'Proximus'.

The ProximusDA GmbH is a MBO (management buyout) of the Armenian company Instigate, Yerevan. The software tool 'Proximus' was previously used by Instigate internally for a variety of system development projects and has proven its range of functions. Out of this the software tool could be used for developing the next generation of PDAs for example.

Investors harmonious mix

Manuel Reitmeier, CFO of mic AG: 'When the V + group mentioned their interest in the technology of ProximusDA, we saw that it would be a great partner to have. In transactions before the V + group had always been a reliable investor and we wanted them to participate at expected success of the operation. Moreover, for us sharing the risk on several shoulders in the present time makes sense.'

For mic AG this is the second partial exit in 2009 and according to Mr. Reitmeier it is not the last one.


About mic AG:

mic AG is a publicly traded company listed in the Entry Standard of the German Stock Exchange. The principal strategy of mic AG is to invest in the early stages of technology firms and provide these firms with a multi-faceted suite of services: financial, administrative, legal, consulting, sales and marketing. The portfolio companies benefit from market maturity and positioning of mic AG and its established management applications. mic AG is active in the Microsystems, Communication/Fiberoptics and Medicine Technology sectors.

Correspondent for the Media:
mic AG
Joanna Izdebski
Tel: +49-(0)3693-8813 133
Fax:+49-(0)3693-8813 149

Publisher Contact Information:

mic AG
+49-(0)3693-8813 133

Company profile of mic AG
Past press releases of mic AG.


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