Mobile payments expert Openbit joins a global software house

5.6.2008

Finnish Industry Investment Ltd, Forssa Telephone Company Ltd, Innofinance Oy and the funds managed by Finnish private equity company Sentica Partners Oy will sell their majority stake in Openbit Ltd to Tanla Solutions Ltd from India. Openbit has grown strongly in recent years to become the world’s leading expert in mobile phone licence management and payment systems. The transaction gives Finnish investors good returns and provides Openbit with broader resources and distribution channels as part of a global telecommunications software and services provider.


Further information:

- Mika Uotila, Managing Director, Sentica Partners Oy,
tel. +358 40 553 6110, mika.uotila (at) sentica.fi

- Henri Grundstén, Director, Finnish Industry Investment Ltd,
tel. +358 50 431 0840, henri.grundsten (at) teollisuussijoitus.fi

- Arto Lehtonen, CEO, Openbit Ltd,
tel. +358 40 821 8225, arto.lehtonen (at) openbit.com