Sale of mPortal
Sale of the portfolio company mPortal to BroadSoft, Inc.
Steinhausen, June 4, 2015. New Venturetec announced today the sale of the portfolio company mPortal, Inc. to BroadSoft, Inc. (NASDAQ: BSFT). The financial terms of the transaction were not disclosed. New Venturetec received cash consideration for the sale of its mPortal investment, which is equal to the book value of the holding.
About New Venturetec
New Venturetec is a publicly traded Swiss investment company (SIX: NEV) which holds participations in venture companies in the areas of biotechnology and technology which are domiciled in the USA.
The investment horizon should be 10 years or more. A shareholder is recommended to follow the development with interest and base an investment or disinvestment decision on results of the development of the portfolio companies rather than on the general capital market and the investors’ sentiment. Any investor should only invest in New Venturetec if he can afford the complete loss of the investment without having to change his lifestyle. Significant risk is involved and the timelines may exceed the expectations. In addition, the market of New Venturetec shares is very illiquid. The risks of venture investments are 100%. The total loss of the investment has to be considered as a realistic possibility.
For further information:
Tel: 041 740 26 26