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snom technology propels expansion course with new majority shareholder HeidelbergCapital

German IP phone vendor snom technology has acquired a new anchor investor. Through its private equity fund II, HeidelbergCapital is now the majority shareholder of snom. The resulting increase in capital stock is considerable and will lay the groundwork for the consistent expansion course at snom that the new executive team is committed to. The new board has three members: Nadahl Shocair (CEO), Thomas Müller-Braun (CFO) and Olivier Gerling (CSO). The injected capital will allow snom technology to invest more in R&D and to lauch its own financing offer, named snom Finance. Snom financing will be used by resellers and distributors, either under snom's name or their own brand, to finance not only IP phones, but full IP phone infrastructures, including networks and IPBX from other vendors. This offer is all the more important as it will allow end customers to buy into a technology they may not have been able to purchase. Snom finance will be available through all official snom distributors in the EMEA region.

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