TMT Ventures Acquires Ezwim

Oct 12, 2010, 03:00 ET from TMT Ventures

AMSTERDAM, Oct. 12 /PRNewswire/ -- TMT Ventures, an investor consortium in Telecommunications, Media & Technology, today announced the acquisition of Ezwim, a global leader in telecom expense and service management. Financial details are not disclosed.

Ezwim's Software-as-a-Service solution helps companies around the world to reduce their fixed and mobile telecom costs by 20 to 40%. Ezwim services customers across several continents and industries, including consulting, accounting and legal advisors. The company sells directly as well as through an international network of distribution partners and operators. Ezwim is well positioned to deliver on its promise: bringing companies visibility into, and control over the mobile and fixed communication assets and costs. TMT Ventures will help to expand the business in both existing and new markets, as well as strengthen the team.

Commenting on the transaction, Ron van Valkengoed, Managing Director of Ezwim, says: "The acquisition by TMT Ventures is a signal of strength, for us as a company, for our market position and for our long-term vision of bringing the best telecom management products to enterprises around the world. TMT will enable Ezwim to further accelerate growth to realize our ambition of becoming a dominant market player."

Bram Cool, Partner of TMT Ventures, commented: "Ezwim is a very interesting growth opportunity that combines a vast market opportunity with a scalable business model, strong current momentum and a great team. We are impressed by the achievements of the Ezwim team to date and look forward to working with them to build a global success."

About TMT Ventures

TMT Ventures is an investor consortium with a primary focus in the Technology, Media and Telecommunications domain, established in 2007 and based in The Netherlands. TMT Ventures is an active management buy & build firm and hands-on investor. The partners of TMT Ventures have a lifelong track-record in creating shareholder value. The team is multi-disciplinary, combining the best of serial entrepreneurship, strategic management, strategy consulting and investment banking.

More information:

Wendy van Meer, Marketing Manager

Tel. +31 20 8884388

Email: wvanmeer(at)ezwim(dot)com