Reading, UK, June 25, 2008: NetOp Tech Ltd has announced that parent company Netop is to acquire Switzerland-based software developers GenevaLogic. The company has also entered into final negotiations with Medianet Innovations for an exclusive global distribution agreement, which is expected to become effective as of July 1, 2008. These announcements consolidate Netop’s position as the world’s foremost provider of classroom management solutions, and one of the most innovative vendors in a rapidly growing unified communications market.
GenevaLogic, privately held and founded in 1996, is headquartered in Switzerland and the US. It is an international leader in active teaching systems, and its Vision classroom management software allows teachers to guide and supervise student’s use of a PC from the instructor’s computer screen. It is currently used in more than 50,000 classrooms worldwide, and will enhance Netop’s portfolio of education and classroom management software offerings.
“This new partnership is a perfect fit for GenevaLogic. By combining our efforts, we can continue with even more momentum to deliver best of breed education software solutions to our customers. Together with Netop’s desktop management and security products, the total portfolio of solutions and products will be unlike that of any other education software vendor in our space,” said Peter Schuepbach, Chairman of the board at GenevaLogic.
“By combining products from GenevaLogic with those of Netop, we are confirming our commitment to provide the most innovative solutions to support teaching and learning. The acquisition compliments our overall strategy to boost sales worldwide, and is backed up by more than 20 years of experience in this field,” said Mike Kibblewhite, Managing Director of NetOp Tech Ltd.
Similarly, the products of Medianet Innovations and Netop make an ideal match, as Medianet specialises in secure online communication. Medianet Innovations adds another valuable dimension to the Netop portfolio of remote solutions with a range of unified communication products. Furthermore, the agreement provides access to and secures strategically important market shares in the US and Northern Europe.
“We are very excited about the many opportunities presented by the agreement with Netop. It is at the forefront of experimental development of the newest technology, and its products are among the most visionary in the 21st century. I am convinced that our business will prosper from the synergies of our two product lines,” said Karsten Madsen, CEO and founder of Medianet Innovations.
Medianet Innovations is headquartered in the US, with presence in the UK, Denmark, Romania and Northern Europe. Primarily focused on the financial and public sectors, its remote management solutions enable employees, customers and partners to work together regardless of their physical location, just as if they were sitting face to face. Its core product is the all-in-one software suite Medianet Secure Communicator, which integrates web conferencing, secure chat, video & audio conferencing, desktop & file sharing, and co-browsing. Medianet Secure Communicator is as safe as online banking as it enables direct communication from a company’s website and offering a complete suite of collaboration tools.
”The Medianet agreement will help to further expand our business in a booming communications market. And we expect to increase the turnover of Medianet Innovations’ products through our existing distribution channels. NetOp will obtain additional and highly specialised development resources, which will pave the way for further development and are already in high demand,” continued Mike Kibblewhite, Managing Director of NetOp Tech Ltd.
Download free trials of Netop’s products at www.netop.com/freetrial
Netop develops and markets software solutions that enable swift, secure, and seamless transfer of screens, sound, and data between two or more computers. Netop has three business areas: Netop Desktop Management, Netop Education, and Netop Live. The core product for desktop management, Netop Remote Control, enables remote control of one or more computers. Netop Education is a software solution for, among other things, computer-based classroom teaching. Netop Live is a cutting-edge unified communication solution, integrating web, video and audio conferencing, secure chat, one button click to talk, desktop and file sharing, and co-browsing. Netop owns subsidiaries in the U.S., England, China, and Germany, and the Netop-solutions are sold in over 80 countries.
Netop is listed on the Copenhagen Stock Exchange and is part of the SmallCap+ index. For further information, please see www.netop.com.
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