Creandum Joins as Shareholder in Appear TV, an Exceptionally Fast-Growing Norwegian...

Creandum Joins as Shareholder in Appear TV, an Exceptionally Fast-Growing
Norwegian Broadcast Technology Company

STOCKHOLM, August 27 /PRNewswire/ --
- Creandum Joins as Investor in Global Broadcast and IP Television
Equipment Provider Appear TV
Founded in 2004 Appear TV has experienced a tremendous revenue
development with 2008 reaching NOK 90 million with NOK 22 million in profit.
The company is experiencing continued strong revenue growth during 2009.
Appear TV has equipment in operation in more than 50 countries around the
world. The extensive customer base includes many leading cable and broadcast
operator companies. Appear TV aim to complete an IPO in the coming years.
Chairman Arne Graee says "Appear TV has developed a world-class product
portfolio and its technology is a critical component for handling real-time
analogue and digital content delivery to the home. Appear TV's organization
is customer focused and consists of highly competent and dynamic people with
a global mindset."
"Appear TV is an exceptional company", comments Martin Hauge, General
Partner at Creandum. "They have fantastic products, a very experienced and
ambitious team and amazing market traction. The company has achieved
phenomenal growth while being highly profitable and we are convinced that
Appear TV will be able to reach a market-leading position in a few years on
this billion euro market", continues Mr. Hauge.
ABOUT APPEAR TV
Appear TV is based in Oslo, Norway. The company produces world-class
equipment that enables operators to deliver professional broadcast services
to millions of users around the globe. The company is dedicated to developing
reliable, revenue-generating and innovative solutions for operators looking
to deliver real-time content to the home. Appear TV head-ends are designed
for modularity, high density, and flexibility. http://www.appeartv.com
ABOUT CREANDUM
Creandum is a Nordic venture capital firm investing in the best
innovative and high-growth technology companies in the Nordic region. The
firm has 120 million Euros under management and is today the fastest growing
independent partnership of its kind in the Nordic region. Creandum invests in
innovative companies in high growth markets led by outstanding entrepreneurs.
All investment professionals at Creandum have started companies or been part
of successful startups.
For more information, please visit http://www.creandum.com.
FOR FURTHER INFORMATION, PLEASE CONTACT: Arne Graee, Chairman:
+32-473-50-4110, arne.graee@appeartv.com. Martin Hauge, General Partner
Creandum: +46-707-57-7736, martin.hauge@creandum.com.
SOURCE Creandum ll Advisor AB

FOR FURTHER INFORMATION, PLEASE CONTACT: Arne Graee, Chairman:
+32-473-50-4110, arne.graee@appeartv.com. Martin Hauge, General Partner
Creandum: +46-707-57-7736, martin.hauge@creandum.com.