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TVM Exits Traveltainment AG


Munich, September 28, 2006 – TVM Capital, a leading transatlantic venture capital firm, based in Munich and Boston, successfully exits one of its technology investments as to September 27 and proves its investment strategy of creating businesses that develop to significant players in their markets.

TravelTainment (Aachen, Germany), a provider of booking engine technology in the German leisure travel market, has been a company of the TVM Capital Technology portfolio since the year 2000. Beginning 2001, TravelTainment successfully focused its business model away from the initial content and advertising basis, and onto the content and technology centric web based service provider model for leisure travel it has today. TVM Capital was the lead investor since the first round of investment in 2000, and was instrumental in backing the company through this crucial market positioning phase as well as actively helping the company refining its market strategy. TravelTainment currently operates in Germany, Austria, Poland and the UK.

Amadeus, a global provider of technology and distribution solutions for the travel and tourism industry, has completed the acquisition of TravelTainment AG on September 27. The regulatory authority in Germany, the Bundeskartellamt, approved the transaction on September 19.

“TravelTainment is poised to expand its position across Europe. Being part of Amadeus will allow the company to achieve this goal even faster,” added Hans Schreck, Chairman of TravelTainment´s Supervisory Board and General Partner of TVM Capital. “We are thrilled to have been part of turning a German technology start-up into an international high impact company.”


DenkLeistung Kommunikation
Monika Schlesinger
Eichendorffstr. 19
D-82223 Eichenau
Tel +49-8141-53 97 02
Fax +49-8141-53 97 01
VoIP 03222 900 1909
Email Monika.Schlesinger@t-online.de
xx


Publisher Contact Information:

TVM Capital (Formerly Techno Venture Management )
+49-8141-53 97 02
Monika.Schlesinger@t-online.de

Company profile of TVM Capital (Formerly Techno Venture Management )
Past press releases of TVM Capital (Formerly Techno Venture Management ).

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