Investment Summary

Tesi Invests In Conformiq

On February 10, 2009, sovereign wealth fund Tesi invested in software company Conformiq

Investment Highlights
  • This is Tesi’s 3rd transaction in the Software sector.
  • This is Tesi’s 2nd transaction in the United States.
  • This is Tesi’s 1st transaction in California.

Investment Summary

Date 2009-02-10
Target Conformiq
Sector Software
Investor(s) Tesi
Deal Type Venture

Target

Conformiq

Saratoga, California, United States
Conformiq is a provider of software test design solutions. Conformiq is advancing its vision of 'automated test design' through technical innovation driving repeatable business benefits. Conformiq was founded in 1998 and is based in Saratoga, California.

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Investor(S) 1

Investor

Tesi

Investor Investor Investor Investor Investor


Category Sovereign Wealth Fund
Founded 1995
PE ASSETS 2.4B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Tesi is a Finnish venture capital and private equity firm specializing in fund and direct investments. Tesi specifically targets minority investments in early, growth stage, and established businesses. Areas of interest include industrial, mining, software, business and consumer services, healthcare, life science, cleantech, and marine. Tesi was established in 1995 and it is based in Helsinki.


DEAL STATS #
Overall 25 of 75
Sector: Software M&A 3 of 5
Type: Venture M&A Deals 9 of 22
State: California M&A 1 of 2
Country: United States M&A 2 of 4
Year: 2009 M&A 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-01-29 Eniram Oy

Helsinki, Finland

Eniram Oy is a Finland-based technology company providing the marine industry with energy management and analytics solutions. Eniram provides the maritime industry with energy management technology to reduce fuel consumption and emissions. Eniram’s solutions range from single onboard applications for trim, speed and engine optimisation to comprehensive fleet analysis.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-02-16 EpiCrystals

Tampere, Finland

EpiCrystals is a manufacture of semiconductor products. EpiCrystals was founded in 2003 and is based in Tampere, Finland.

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