Digital Signage Companies EnQii Holdings and Minicom Merge

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Mon, 05/30/2011 - 20:00 -- Nick Dager

EnQii Holdings and Minicom Digital Signage have merged in an effort financed by Jerusalem Venture Partners with other existing shareholders Wellington Partners Amadeus Capital Partners and Aviv Ventures. The new financing will go towards expanding the current businesses as well as to provide resources for additional acquisitions. 
 “This is an exciting milestone for the industry as it creates a true global powerhouse providing an integrated suite of hardware software and services required for the best digital signage deployments going forward ” says Ajay Chowdhury CEO of the new venture and former CEO of EnQii. “I am particularly excited with our new solutions such as IP Streaming mobile and web linkages and the ability to provide proof of performance for signage networks.”   
  Headquartered in New York City EnQii-MDS will operate from six offices around the world and a global network of dedicated partners that includes 150 worldwide distributors serving thousands of resellers and system integrators. 
“This strategic move creates a powerful vertical solution in an industry that has been plagued by complexity ” says Ronni Guggenheim president of EnQii-MDS and former CEO of Minicom Digital Signage. “This gives us a deeper base to continue to provide compelling innovations in this rapidly growing industry to our current and future partners across the globe.” 
 Gadi Tirosh general partner at JVP and chairman of MDS says “When we invested in MDS over a year ago we clearly identified the potential of leveraging MDS’ unique market position and channels as a platform for further growth organically and through M&A. This merger is the realization of this strategy creating the most prominent fastest growing market leader.”