Minicom Advanced Systems, a developer of remote access, KVM, and digital signage solutions, today announced that it would spin off its digital signage division (MDS). The new company simultaneously announced that it had raised $6 million to finance its operations independently. The investment, which was led by Jerusalem Venture Partners and joined by Aviv Ventures, will enable the company to broaden its platform from its new offices in Jerusalem’s JVP Media Quarter, according to a company release.
MDS vends media distribution solutions for the digital signage and digital out-of-home (DOOH) marketplace.
According to MDS CEO Ronni Guggenheim, “This investment is the natural next step in MDS’ lifecycle. The support of our investors positions us to explore inorganic growth options and to drive the acceleration of our product roadmap towards the establishment of MDS as a full scale enabling platform in the digital signage market.”
MDS’ technology is currently deployed on more than 400,000 screens worldwide and facilitates the distribution of content to consumers in retail, education, finance, transportation and hospitality environments. In addition to the company’s headquarters in Israel, MDS has offices in the UK, Switzerland, and the US in order to meet the localized needs of its customers.
“MDS, with its seasoned leadership, global footprint, and strong operating history from within Minicom, is poised to build a broader platform in this growing but still fragmented market,” said Gadi Tirosh, general partner at JVP.
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