Monday, 21 August 2017

snom gains HeidelbergCapital as shareholder

snom
Thursday 12 February 15

snom technology AG today announced the aquisition of a new anchor investor. Through its private equity fund II, HeidelbergCapital (www.heidelbergcapital.de) becomes the majority shareholder of snom technology AG. The resulting increase in capital stock is considerable and will lay the groundwork for a consistent expansion course at snom…

snom technology AG today announced the aquisition of a new anchor investor. Through its private equity fund II, HeidelbergCapital (www.heidelbergcapital.de) becomes the majority shareholder of snom technology AG. The resulting increase in capital stock is considerable and will lay the groundwork for a consistent expansion course at snom. This new direction is consistent with the plans and aspirations of the new executive team. The new board has three members: Nadahl Shocair (CEO), Thomas Müller-Braun (CFO) and Olivier Gerling (CSO).

“We will use the funds to intensify new product development and to continue to drive internationalisation”, explained Nadahl Shocair. The native Texan has lived in Berlin for decades and is a world renowned expert in business transformation. “snom is already a company with an international focus”, said Shocair. “snom staff come from 15 different countries, we have distributors in more than 50 nations and we already make the lion's share of our sales in countries where German is not the main language.”

HeidelbergCapital purchased shares from former investor Beaufort Capital GmbH in July 2014. Thanks to a capital increase, HeidelbergCapital is now the majority shareholder at snom technology AG. André Deloch, partner at HeidelbergCapital and Chairman of the Board at snom, emphasises the long term growth interests related to the investment. “We do not want to just invest in snom technology AG”, explains André Deloch. “It was important to us to complement the current expansion course by obtaining extensive funding commitments. That is the reason for the capital increase. We want to support the future development of new products and modern software as well as drive international expansion at snom”, added Deloch. “We are of course delighted with the great international team headed by Nadahl Shocair that will shape snom's future.”

Nadahl Shocair, the new CEO at snom, has 20 years of experience in the field of business transformation in the ITC market. Born in Dallas, Texas, he has lived in Berlin for more than 20 years. Examples of positions he held during this time include: directing strategist and interim CEO at DeTeWe in Berlin, Germany and Hemel Hempstead, England; interim director at Boomtel Networks in Ascot, England; executive director, strategy & business development at Centile in Cannes, France. Prior to joining snom Nadahl Shocair was CEO at Silicon Allee, the community-driven voice for startups and technology companies in Berlin.


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