Collanos Gets ZKB on Board
Thursday, January 24th, 2008 The third largest Swiss Bank, Zürcher Kantonalbank (ZKB), comes on board as an additional institutional investor in Collanos Software, a Swiss-American start-up.
Experienced management, promising products, an innovative business model, and a compelling market with a demonstrable growing global user community were the key criteria for the decision. ZKB joins existing notable private and institutional investors American Ecosystem Ventures, and serial Swiss entrepreneurs Andreas Danuser (Swiss VoIP Pioneer) and Reto Hartinger.
The ZKB investment allows Collanos to continue the development of free teamwork and phone solutions and get ready for the launch of the much anticipated Premium services developed along with partner Translumina Networks. ZKB intends to take on a role as an active investor, as Oliver Schärli, Head of ZKB Start-up Finance, was quoted: “Collanos will for sure profit as well from our great networking with other institutional investors“ .
“We are excited that the thorough financial, technical and economical due diligence, conducted by Switzerland’s third largest bank’s Start-up Finance specialists, resulted in this outcome,” said Peter Helfenstein, CEO of Collanos Software. “Since we have been a certified CTI start-up company for a while now, ZKB’s decision further substantiates the quality and outlook of our venture. We are well prepared and confident that we will close our Series A financing round very soon”.
