Sophia Antipolis: Success for Mobilegov capital increase
Mobilegov, creator of the Digital DNA technology, announces the success of its capital increase
The amount of the capital increase is € 544,704 which, in compliance with under current legislation has been reserved for qualified investors.
Doubling the number of demonstrators (proof of concept), since the beginning of the year, requires that Mobilegov get equipped with Digital DNA Mobilegov ID Box housing owner. Customers, before ordering, want to see a demonstrator integrated into their computing environment and network. Thus, the conquest of this new market requires a significant investment.
Michel Frenkiel, Mobilegov President, said: "Despite the difficulties encountered in the development of new products, which led to serious delays in the completion of 2009 sales, the main historical shareholders who joined Mobilegov during its IPO in 2008 have renewed their confidence in the future of the company by subscribing to the capital increase. Managers and executives of the company have subscribed 36% of the transaction which has enabled the creation of 136,176 new titles".
About Mobilegov :
IT security software editor Mobilegov is an IT security software editor. The company was founded in 2004. Its purpose is to provide its customers solutions to protect their sensitive data and to authenticate their users. These solutions are based on the Digital DNA, a technology protected by international patents which exploit the identification of the used equipments.
More information: www.mobilegov.com
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