Vienna/Jena – Jena-based siOPTICA GmbH has signed a shareholder agreement with Constantia New Business GmbH, the corporate venture capital arm of Constantia Industries AG, Vienna. With the newly-won capital, siOPTICA will extend its product portfolio of switchable privacy filters and will also introduce its products to new markets. Currently, siOPTICA products are mainly used in ATMs and other payment terminals.
siOPTICA has specialized in the development of switchable privacy filters. The siOPTICA privacy solution allows secure PIN entry on ATM displays and payment terminals and simultaneously reduces skimming and fraud on these devices.
There is also an increasing demand for visual privacy in other markets. Numerous large companies require their employees to use a privacy filter on their mobile devices when in public or on business trips. Most privacy filters available today on the market are physically applied on top of the display and usually have a negative impact on brightness, leading to increased power consumption.
Constantia New Business is now the main shareholder of the company, with bm|t (beteiligungsmanagement thüringen gmbh) having a minority share.
With the investment from Constantia, seed investor High-Tech Gründerfonds II (HTGF II) will now be able to profitably sell its shares in siOPTICA.
“With Constantia New Business, we have won a strategic investor that not only supports us financially but also offers synergies with production facilities, worldwide market penetration and operational aspects,” stated Dr. Markus Klippstein, Managing Director and Founder of siOPTICA.
“Constantia New Business mainly targets investments in young innovative companies that are in the market-entry stage. We were fascinated by siOPTICA’s technology and see a huge market potential,” says Arno Langwieser, Investment Manager at Constantia New Business. “We are looking forward to supporting siOPTICA’s experienced management team on their way to further growing the company.”
Dr. Guillem Sagué of HTGF explains, “We are really pleased that we could support a serial entrepreneur like Dr. Markus Klippstein once again on his way to success. With our exit, siOPTICA gets the chance to take a new, renowned investor on board. Everything fit perfectly.”
siOPTICA GmbH was founded in 2013 in Jena, Germany, with the goal of establishing innovative and special solutions in the optics market. The company offers privacy filter technologies that can screen data from unauthorized views without suffering from the loss of brightness that is prevalent in most mainstream privacy filters. Furthermore, siOPTICA privacy filters offer multiple, switchable modes of operation. siOPTICA’s solutions offer superior advantages in the fields of ATM/ banking/ retail/ payment terminals, logistics/secure access, data security as well as consumer electronics. siOPTICA is a member of the global ATM Industry Association (ATMIA) as well as the photonics network Optonet e.V. and was recently awarded the Red Herring Top 100 Europe Award.
More information about siOPTICA can be found under: http://www.sioptica.com
About CIAG / CNB
Constantia Industries AG is a private company based in Austria which has been existing for more than 40 years and which targets international markets. The company currently employs more than 3,000 people and has a turnover of more than 750 million €. Target markets of the group’s corporations are the building industry and its suppliers, the furniture industry, sporting goods, engine and generator building, aviation as well as the solar and energy business.
Through its wholly owned subsidiary, Constantia New Business GmbH, the corporate group invests into young enterprises that work in the field of technology or address social challenges.
More information is available under: www.ciag.at
The Erfurt-based bm|t beteiligungsmanagement thüringen gmbh – a subsidiary of the Thüringer Aufbaubank – is the first address for investment in Thuringia. bm|t currently manages six investment funds with a total volume of 250 million €. bm|t invests in innovative companies of all high-yield sectors and in all stages of a company’s life cycle, from start-up to IPO or MBO.
Contact: Cornelia Böse, Investment Manager, Tel.: +49 361 74 47 606
About High-Tech Gründerfonds
High-Tech Gründerfonds invests in young, high potential high-tech start-ups. The seed financing provided is designed to enable start-ups to take an idea through prototyping and to market launch. Typically, High-Tech Gründerfonds invests EUR 500,000 in the seed stage, with the potential for up to a total of EUR 2 million per portfolio company in follow-on financing. Investors in this public/private partnership include the Federal Ministry of Economics and Energy, the KfW Banking Group, as well as strategic corporate investors including ALTANA, BASF, Bayer, B. Braun, Robert Bosch, CEWE, Daimler, Deutsche Post DHL, Deutsche Telekom, Evonik, Lanxess, media + more venture Beteiligungs GmbH & Co. KG, METRO, Qiagen, RWE Innogy, SAP, Tengelmann and Carl Zeiss. High-Tech Gründerfonds has about EUR 576 million under management in two funds (EUR 272 million HTGF I, EUR 304 million HTGF II).