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About Eden Ventures

The Eden Ventures team is a mix of successful technology entrepreneurs and investment professionals.  Our blend of knowledge, experience and skills covers business strategy, sales and marketing, finance and operations, M&A and investment transactions and institutional fund management.

Our Exits

There have been a number of significant exits from the existing Eden portfolio, as well as a strong track record from the Eden partners during their period as angel investors. Over the last decade, we have helped to build some of Europe’s key success stories in the tech sector.

Apertio
Acquired by Nokia Siemens Networks for $240 million in 2008

Eden partners were founding investors in  Apertio, which was established in 2002 and which, over the next five years, grew rapidly to become a leading global provider of mobile network infrastructure software.  Eden Ventures invested as an institutional investor in 2005.

Apertio was conceived when a group of ex-Lucent executives, led by Paul Magelli, spotted some technology that had been developed within Orange but was ‘sitting on the shelf’.  The Group, backed by Eden partners and other angels including Mike Tokarz, acquired the technology and built a team which included senior figures from Orange, Motorola, Siebel, IBM, Oracle and LogicaCMG.

The core product enables mobile operators to simplify their networks by consolidating subscriber data into a single repository at the heart of the network. Key customer benefits include increased revenue through rapid service deployment and significant cost reduction.

With customers including Orange, T-Mobile, O2 and Vodafone, the 2007 Sunday Times Microsoft Tech Track survey named Apertio as the UK‘s fastest-growing private telecommunications company and the second fastest-growing private technology company overall. Turnover for 2007 was $28 million.

Apertio successfully raised a number of rounds of finance from investors including T-Ventures, Deutsche Venture Capital, Add Partners and Motorola.  Michael Jackson (ex-Sage) joined as non-executive Chairman in 2007 and, at the time of its acquisition by Nokia Siemens Networks, Apertio had 237 employees across its Bristol headquarters and regional offices in Berlin, Chicago, Beijing, Bangkok and Kuala Lumpur.

As well as contributing the initial seed finance, Eden was instrumental in building the business, including bringing significant operational and global sales expertise to bear.

www.apertio.com
blinkBox
Acquired by Tesco in 2011

In 2006, Eden helped establish blinkBox alongside founders Michael Comish (ex-Channel 4) and AdrianLetts (ex-Vodafone). The vision was to create a truly personalised and engaging entertainment service forconsumers passionate about TV and movies.

blinkBox is a web based video destination where consumers can watch premium movies and TV episodes,many of which are free. blinkBox enables users to watch and share clips or to view the whole movie orTV episode. Users can rent or purchase premium content and can instantly stream or download the fulllength movies/TV episode. blinkBox is available on PC/Mac via the website, on various net connected TVsand the Sony Playstation.

With no other service offering this unique level of convergence between PCs and net connected TVs,blinkBox’s vision is to become Europe’s premier destination for TV and film. The service works inpartnership with rights owners and broadcasters to provide a targeted viral marketing and distribution platform.

Eden made the initial seed investment in blinkBox. The company was funded further by Eden, ArtsAlliance and Nordic Venture Partners. blinkBox was acquired by Tesco in 2011.

www.blinkbox.com
Cramer Systems
Acquired by Amdocs for $425 million in 2006

Eden partners David Embleton and Mark Farmer were instrumental in the founding, development and growth of Cramer Systems, widely acknowledged as the world leader in telecoms service and network inventory software.  Cramer’s products reduce the operating costs of fixed and wireless networks.  The Company was acquired by business and operational support systems specialist, Amdocs, in 2006.  The transaction won the European Technology Forum’s Deal of the Year Award in 2007 and the Investor AllStars’ Exit of the Year Award for 2007.
OD2
Acquired by Loudeye in 2004.

On Demand Distribution (OD2) became Europe’s no.1 supplier of white label music platforms and business-to-business digital media distribution.  The Company was founded in 1999 by Eden partner Charles Grimsdale.  Today, OD2 powers the digital music services of many major online brands.  It was acquired by digital media technology company Loudeye in 2004, which was subsequently acquired by Nokia in 2006.
Secerno
Acquired by Oracle in 2010

Founded in 2004, Secerno was based on technology breakthroughs made by CTO and co-founder Dr Steve Moyle at Oxford University.  Secerno DataWall™ delivers the world's most powerful database security and control. It stops attacks from the outside before they lead to data loss. It prevents internal data policy breaches - even by trusted and privileged users. It drives down the cost and complexity of database security and database compliance. And it does this without business interruption or performance degradation.

DataWall is based on the patented SynoptiQ™ Engine; the only technology that understands the SQL language, giving unrivalled visibility of all data access - and the ability to control how data is used.

The company offers protection to customers across industries including financial services, healthcare and pharmaceuticals, retail and government agencies and departments.

Eden was a seed investor in Secerno and participated in the company's A and B rounds. Secerno successfully raised a number of follow-on rounds from new investors including ISIS, Oxford Venture Management and Amadeus Capital.  The company was acquired in 2010 by Oracle.