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Ralf Schnell named new President and CEO of Siemens Venture Capital


January 19, 2005 -- Effective February 1, 2005, Ralf Schnell will be appointed new President and CEO of Siemens Venture Capital GmbH (SVC). SVC is the corporate venture organization for all Siemens' businesses worldwide and plays a key role in the Siemens global network of innovation. With 600 million euros under management the goal is to identify and fund investments in emerging and innovative technologies that will enhance the core business scope of Siemens particularly in Information and Communications, Automation and Control, Medical Solutions, Automotive Technology and Transportation Systems, Power, and Lighting.

'Our goal is to seek out the latest breakthrough technologies, to complement the Siemens portfolio and to play a vital part in Siemens’ ‘Profit and Growth’ strategy,' says Ralf Schnell. 'An investment by SVC is more than ’just capital’ for a start-up company. In addition to our financial support, we play an active role in the growth of our portfolio companies by providing strategic management guidance and access to Siemens' global network of internal and external resources, for example, access to worldwide sales and marketing channels, R&D support, joint licensing or OEM agreements.'

In 2004 Siemens Venture Capital was one of the most active CVC investors, with highlights including a total of sixteen new investments and seventeen follow-on finance arrangements in existing investments. SVC also completed various exits (CSR at London Stock Exchange, Webwasher, Guardent, dynamicsoft, Chantry Networks, Blue Pumpkin Software via trade sale).

“SVC will continue to anticipate and address new market opportunities, technological changes and regional activities important for Siemens’ businesses and innovative strength”, Ralf Schnell adds.


About Ralf Schnell:
Ralf Schnell has built up Infineon Technologies corporate venture capital activities since 1998 and was managing director of Infineon Ventures GmbH. Prior to joining Infineon Technologies in 1998, Ralf worked with Siemens AG for 11 years. In his last position he was responsible for a corporate venture nurturing program and coordinated a Siemens-wide innovation initiative. Before that he held various positions in microelectronics and software development in the corporate division research and technology as well as in the corporate department corporate technology. He obtained his diploma degree in physics from the Ludwig-Maximilians-University, Munich and his PhD degree in physics with research work in semiconductor surface physics at the synchrotron radiation laboratories in Hamburg and Berlin.

About Siemens Venture Capital:
Siemens Venture Capital (SVC) is the corporate venture organization for all Siemens' businesses worldwide and plays a key role in the Siemens global network of innovation. The goal is to identify and fund investments in emerging and innovative technologies that will enhance the core business scope of Siemens.

The investment focus is to augment the efforts of various Siemens business segments such as Information and Communications, Automation and Control, Medical Solutions, Automotive Technology and Transportation Systems, Power, and Lighting. To that end, SVC invests in the following technology growth areas:

* Wireline and wireless communication
* Industrial automation solutions
* Healthcare solutions and medical diagnostics
* Automotive and networked transportation systems
* Security Technologies
* Energy management

To date, SVC has invested some 600 million euros in more than 70 start-up companies and 30 venture capital funds mainly in the U.S., Europe and Israel.

SVC is located in Germany (Munich), in the U.S. (San José, CA and Boston, MA) and is active in Herzliya, near Tel Aviv, through Siemens Israel Ltd.

More: www.siemensventurecapital.com <http://www.siemensventurecapital.com/>
xx


Publisher Contact Information:

Siemens Venture Capital GmbH (SVC)
+49 (0)89 636 34488
Sabine.Zindera@svc.siemens.de

Company profile of Siemens Venture Capital GmbH (SVC)
Past press releases of Siemens Venture Capital GmbH (SVC).

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