History
From the beginning of its operation the company offers NE system with accompanying applications and devices.
The company started its operation in mid 2005.
In 2006 NE obtained and investor - MCI Management SA fund. The aim of MCI investment is supporting the company in striving at reaching the position of national leader in the sector of online navigation solutions, which shall take place within 2 years.
MCI investment provides financing the company in the amount of 2,000,000 PLN. Individual stages of the investment are executed in 2006-2009.
- The first round of financing in the amount of 450,000 is executed presently and means taking over by MCI of 47.37% of shares in company’s share capital.
- The second round in the amount of 550.000 PLN will be executed at the end of 2007 and will result in taking over another pool of company shares in the amount, which is to be specified on the basis of company index valuation as of 31.12.2007.
- The third investment round will be executed according to demands of the company after 2008.
Financial assets of MCI will be assigned to marketing and sales actions, product development and creating new added services, as well as to development of team and organisation support. Conditions of investment agreement provide preferential conditions of investment exit for MCI.
MCI Management SA
Leading financial group, managing assets of Venture Capital and Private Equity, located in funds TechVentures'99, TechVentures'03, MCI.BioVentures, MCI.EuroVentures and MCI.SuperVentures. MCI Management SA specialises in investments in Central and Eastern Europe in innovative companies operating in the following sectors: Internet, mobile telephones, e-commerce, wireless technologies, software, IT, biotechnology/life science and media. Since February 2001 MCI has been quoted on the Securities Exchange in Warsaw (current market capitalisation is approximately 1 billion PLN). MCI Group jointly executed 35 investments in the framework of TechVentures'99 and TechVentures'03 and executed 11 exit transactions.
Founders
Company founders are Maciej Hapke, Andrzej Jaszkiewicz and Rafał Łożyński – specialists associated with Institute of Computer Science at Poznań Technical University, which together with Poznańskie Centrum Superkomputerowo-Sieciowe makes the most powerful IT research and development centre in Poland.
Creativity, ability to foresee development of trends in modern technologies and original approach to problem-solving allowed the founders to start one of the most interesting services for mass recipient in Polish market.
Moreover, ability to find and motivate distinguished specialists facilitated creating a truly exceptional team.
