LATEST NEWS FROM OFM SOLUTIONS

2009

• July - MXSweep announces European SaaS distribution deal with Cloudmore
  MXSweep, a worldwide provider of email security as a service, today announced a pan European distribution deal with Cloudmore AB, formerly Smarthost, a leading cloud service distributor based in Sweden.

• April - TERMINALFOUR opens new North American HQ
  TERMINALFOUR is proud to announce that, in order to capitalise on the growing demand in the US, the company has opened its US headquarters in Cambridge, MA. TERMINALFOUR recently secured contracts worth $200,000 to deploy enterprise web content management solutions for U.S. customers.

• April - MXSweep raise EUR800,000 in latest funding
  MXSweep, a specialist in e-mail Security-as-a-Service, recently raised €800,000 from existing shareholders and Enterprise Ireland. The latest round of funding is to finance a push into new international markets in the Benelux countries and Scandinavia.

• March - OpenJaw Technologies establishes Scandinavian Subsidiary
  The new subsidiary supports OpenJaw's growth strategy and its ability to deliver enhanced services to its increasing customer base in Norway, Sweden and Denmark. OpenJaw's Scandinavian customer base already includes the leading carrier within the Scandinavian countries, SAS; Norway's leading cruise and transport company, Color Line AS and the leading online travel brands: GOTOGATE.no, GOTOGATE.se and FLYBILLET.dk. OpenJaw's solution portfolio has been widely deployed to address the complex needs of the Scandinavian marketplace so as to enable supplier integration, distribution channel management and the dynamic packaging of travel inventory.

2008

• October - Movidia secures funding to enable budding "Spielbergs on the move"
  Movidia, the mobile video processor company, announced today that it had secured over US$14 million in Series A funding. Investments from an international syndicate led by Celtic House Venture Partners and Capital-E and including Emertec Gestion, AIB Seed Capital Fund and Enterprise Ireland will help the fabless semiconductor and software company to bring to market its highly innovative mobile video processor technology. Movidia's first product, already proven in silicon, is set to launch in early 2009.

• September - OpenJaw Technologies acquires Traventec to accelerate growth strategy
  Under the acquisition agreement, Traventec becomes a fully owned subsidiary of OpenJaw Technologies and will operate under the OpenJaw brand. The acquisition will enhance OpenJaw Technologies' solution portfolio and service offerings to global travel companies in the development of their ecommerce strategies, creating agile and dynamic solutions to address their business challenges. Financial details of the acquisition have not been disclosed.