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	<title>Arctic Startup</title>
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	<link>http://www.arcticstartup.com</link>
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	<pubDate>Thu, 03 Jul 2008 17:12:42 +0000</pubDate>
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			<item>
		<title>Zipipop launches a new mobile service for meetups</title>
		<link>http://www.arcticstartup.com/2008/07/03/zipipop-launches-a-new-mobile-service-for-meetups/</link>
		<comments>http://www.arcticstartup.com/2008/07/03/zipipop-launches-a-new-mobile-service-for-meetups/#comments</comments>
		<pubDate>Thu, 03 Jul 2008 17:12:42 +0000</pubDate>
		<dc:creator>Ville Vesterinen</dc:creator>
		
		<category><![CDATA[companies]]></category>

		<category><![CDATA[mobile]]></category>

		<category><![CDATA[product launches]]></category>

		<category><![CDATA[startups]]></category>

		<category><![CDATA[Helene Auramo]]></category>

		<category><![CDATA[Mobile 2.0]]></category>

		<category><![CDATA[Mobile 2.0 Europe]]></category>

		<category><![CDATA[Zipiko]]></category>

		<category><![CDATA[Zipipop]]></category>

		<guid isPermaLink="false">http://www.arcticstartup.com/?p=319</guid>
		<description><![CDATA[Zipipop has been chosen to present their latest mobile service tomorrow in the Mobile 2.0 Europe in Barcelona. Mobile 2.0 Europe is a extension of the famous Mobile 2.0 event which started in San Francisco. The new service is called Zipiko and has been kept secret until the Mobile 2.0 Europe launch.
Zipiko is a quick [...]<script type="text/javascript">SHARETHIS.addEntry({ title: "Zipipop launches a new mobile service for meetups", url: "http://www.arcticstartup.com/2008/07/03/zipipop-launches-a-new-mobile-service-for-meetups/" });</script>]]></description>
			<content:encoded><![CDATA[<p><a href="http://www.zipipop.com/">Zipipop</a> has been chosen to present their latest mobile service tomorrow in the <a href="http://mobile20.eu/">Mobile 2.0 Europe</a> in Barcelona. Mobile 2.0 Europe is a extension of the famous <a href="http://www.mobile2event.com/">Mobile 2.0</a> event which started in San Francisco. The new service is called Zipiko and has been kept secret until the Mobile 2.0 Europe launch.</p>
<p><a href="http://zipiko.com/">Zipiko</a> is a quick and effortless way to see what your friends are doing and a way to invite them to your chosen venue whether it&#8217;s it a local cafe or your own place for drinks, lunch or whatever you fancy. You can also see what your friends are doing throughout the day from the main page where it&#8217;s only a matter of a few clicks to join an event, given that you&#8217;re invited.</p>
<p>The service itself has born out of Facebook application <em>Mennäänkö Yhdelle</em> (<em>Let&#8217;s go for a one </em>in Finnish) that Zipipop developed earlier on, where the best bits have been transferred to this new browser based mobile service.</p>
<p>I interviewed Zipipop CEO, Helene Auramo, after the festives had already started in Barcelona and she explained that &#8220;<em>when you invite friends to a party they will receive an SMS to which they can then answer &#8216;Yes&#8217; with a mere SMS. So the idea is that you don&#8217;t necessarily have to access the web at all to tell that you&#8217;re coming. And to make the experience complete one will receive a text message just before the event to know who else has answered &#8216;Yes&#8217; to know who will eventually make it to the party&#8221;</em> . Helene emphasized that the value of the service is in spontaneity and the ease of setting up a meeting on the fly.</p>
<p>Once you register to Zipiko you will receive 30 free SMS for organizing get-togethers, but in the long run Zipipop wants to bring in advertisers that would pay for the SMS messages, thus making the service free for the users. The advertisers would get their name on a discreet message at the end of the invitation SMS.</p>
<p>It seems that Zipipop has found a simple way to bring an aspect of a Jaiku/Twitter like service, SMS and Meetup together to organize spontaneous get-togethers . Now they only need to get the advertisers on board to pay for the SMS messages.</p>
<p>You can see a demo of the service <a href="http://www.zipipop.com/Zipiko_demo.mov">here</a>.</p>
<p>Techcruch also <a href="http://www.techcrunch.com/2008/07/03/europes-mobile-20-startups-come-together/">made a note</a> about Mobile 2.0 Europe event and Zipko.</p>
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<enclosure url="http://www.zipipop.com/Zipiko_demo.mov" length="14609928" type="video/quicktime" />
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		<item>
		<title>Fruugo&#8217;s CEO shares plans with Arctic Startup</title>
		<link>http://www.arcticstartup.com/2008/06/27/fruugos-ceo-shares-plans-with-arctic-startup/</link>
		<comments>http://www.arcticstartup.com/2008/06/27/fruugos-ceo-shares-plans-with-arctic-startup/#comments</comments>
		<pubDate>Fri, 27 Jun 2008 10:58:43 +0000</pubDate>
		<dc:creator>Miikka Kukkosuo</dc:creator>
		
		<category><![CDATA[general]]></category>

		<category><![CDATA[ecommerce]]></category>

		<category><![CDATA[etailer]]></category>

		<category><![CDATA[Finland]]></category>

		<category><![CDATA[fruugo]]></category>

		<category><![CDATA[internet startup]]></category>

		<category><![CDATA[Jorma Ollila]]></category>

		<category><![CDATA[mobile]]></category>

		<category><![CDATA[reijo syrjäläinen]]></category>

		<category><![CDATA[risto siilasmaa]]></category>

		<guid isPermaLink="false">http://www.arcticstartup.com/?p=312</guid>
		<description><![CDATA[Fruugo, the new Finnish startup gathering loads of interest with Jorma Ollila and Risto Siilasmaa on board among others, has been in strict stealth mode. Today, CEO Reijo Syrjäläinen revealed a bit more about their plans to Arctic Startup in a breakfast meeting.
In short, Fruugo positions themselves as the &#8220;trusted 3rd party of ecommerce&#8221;. The [...]<script type="text/javascript">SHARETHIS.addEntry({ title: "Fruugo&#8217;s CEO shares plans with Arctic Startup", url: "http://www.arcticstartup.com/2008/06/27/fruugos-ceo-shares-plans-with-arctic-startup/" });</script>]]></description>
			<content:encoded><![CDATA[<p><img class="alignnone size-full wp-image-315 image-left" title="Fruugo" src="http://www.arcticstartup.com/wp-content/uploads/2008/06/fruugo2.png" alt="" width="188" height="209" />Fruugo, the new Finnish startup gathering loads of interest with Jorma Ollila and Risto Siilasmaa on board among others, has been in strict stealth mode. Today, CEO Reijo Syrjäläinen revealed a bit more about their plans to Arctic Startup in a breakfast meeting.</p>
<p>In short, Fruugo positions themselves as the &#8220;trusted 3rd party of ecommerce&#8221;. The major problem Fruugo sees and is trying to solve is in the internet ecommerce supply chain. Reijo described that purchasing from the web is still quite painful; you enter some product name to a search site, and from the thousands or millions of hits you need to figure out where you could and should get what you are looking for. Then, after finding some etailer, the next questions arise around whether you trust the seller, payment options, etc. Also for the etailer, especially in Europe as an example, it&#8217;s hard to deal with varying regulations, laws, taxes etc. in different countries.</p>
<p>Fruugo believe they can offer the consumers and etailers easier, simpler, and safer way to do web purchases. They see big inefficiencies in the current web ecommerce supply chain, and believe they can streamline it a lot. Reijo didn&#8217;t want to comment the business model nor the technical concept in detail yet. Fruugo is essentially a consumer company, and their marketing activities will be heavily focusing on creating buzz and interest in the internet.</p>
<p>Currently Fruugo is building the technology platform with especially scalability and partner integration automation in mind, and establishing partnerships with key players in the industry. The service will be available in closed Beta in a few months. So far Fruugo has &#8220;some plans&#8221; for including also mobile into the equation, people&#8217;s roots being strongly in the mobile world, but not right from the start. Reijo comments they naturally see a huge potential in the mobile web, as mobile handsets are becoming the main way of accessing web in many parts of the world.</p>
<p><a href="http://www.fruugo.com"><img class="image-right" title="fruugo_form" src="http://www.arcticstartup.com/wp-content/uploads/2008/06/fruugo_form-300x86.png" alt="Fruugo's success formula" width="300" height="86" /></a></p>
<p>So, what does the mystic equation 1L + 1M + 1P = ? on their web site stand for? There have been all sorts of wild quesses thrown in the air, but Reijo now reveals it&#8217;s simply &#8220;1 Language + 1 Mind + 1 Purpose = Success&#8221;. So it rather describes the company&#8217;s culture and mindset than its offering, as was speculated. They are building the company around a strong vision and hand-picked people with strong can-do attitude.</p>
<p>Reijo also states all the key supporters have positioned Fruugo for real success - they didn&#8217;t even think about establishing the company anywhere else, as all share the same love for Finland. They really want to show that it&#8217;s possible to create a top-notch internet startup here as well. Naturally Fruugo is going to bring more international color to their team, but the &#8220;heart and soul&#8221; will be Finnish in any case.</p>
<p>We&#8217;ll be revealing more about Fruugo later on as things progress. Also note that Fruugo will launch their renewed web site by Monday, with a bit more content than currently.</p>
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		<item>
		<title>Habbo registers 100 millionth member</title>
		<link>http://www.arcticstartup.com/2008/06/26/habbo-registers-100-millionth-member/</link>
		<comments>http://www.arcticstartup.com/2008/06/26/habbo-registers-100-millionth-member/#comments</comments>
		<pubDate>Thu, 26 Jun 2008 15:03:14 +0000</pubDate>
		<dc:creator>Antti Vilpponen</dc:creator>
		
		<category><![CDATA[general]]></category>

		<category><![CDATA[habbo hotel]]></category>

		<category><![CDATA[m&amp;m]]></category>

		<category><![CDATA[milestone]]></category>

		<category><![CDATA[Timo Soininen]]></category>

		<guid isPermaLink="false">http://www.arcticstartup.com/?p=309</guid>
		<description><![CDATA[Habbo Hotel has registered one hundred millonth member. The user account was created in the UK. M&#038;M, a Finnish marketing and advertising medium, has also stated in their news that in the five and half months of this year about 20 million new characters were created (3,5+ million a month). 
M&#038;M also reports on business [...]<script type="text/javascript">SHARETHIS.addEntry({ title: "Habbo registers 100 millionth member", url: "http://www.arcticstartup.com/2008/06/26/habbo-registers-100-millionth-member/" });</script>]]></description>
			<content:encoded><![CDATA[<p><img src="http://www.arcticstartup.com/wp-content/uploads/2008/06/habbo.png" alt="" title="Habbo" width="130" height="68" class="alignnone size-full wp-image-310 image-right" /><a href="http://www.habbo.com">Habbo Hotel</a> has registered one hundred millonth member. The user account was created in the UK. <a href="http://www.marmai.fi">M&#038;M</a>, a Finnish marketing and advertising medium, has also stated <a href="http://www.marmai.fi/uutiset/article114673.ece?s=u&#038;wtm=marmai-26062008">in their news</a> that in the five and half months of this year about 20 million new characters were created (3,5+ million a month). </p>
<p>M&#038;M also reports on business figures (well, proportional at least). Sulake&#8217;s May 2008 is 20% bigger in terms of revenue than in May 2007. It is also said to be positive, making this year the first profitable one.</p>
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		<item>
		<title>TripSay adds groups</title>
		<link>http://www.arcticstartup.com/2008/06/26/tripsay-adds-groups/</link>
		<comments>http://www.arcticstartup.com/2008/06/26/tripsay-adds-groups/#comments</comments>
		<pubDate>Thu, 26 Jun 2008 03:39:49 +0000</pubDate>
		<dc:creator>Antti Vilpponen</dc:creator>
		
		<category><![CDATA[general]]></category>

		<category><![CDATA[beta]]></category>

		<category><![CDATA[juha huttunen]]></category>

		<category><![CDATA[product improvement]]></category>

		<category><![CDATA[tripsay]]></category>

		<guid isPermaLink="false">http://www.arcticstartup.com/?p=307</guid>
		<description><![CDATA[TripSay adds groups to its service, continueing on the strong community path. With groups, users of the service can more easily see what their peers in the same group are doing. Users can also add certain places to different groups.
Juha Huttunen, the CEO, commented groups in the following manner; &#8220;We added groups because they are [...]<script type="text/javascript">SHARETHIS.addEntry({ title: "TripSay adds groups", url: "http://www.arcticstartup.com/2008/06/26/tripsay-adds-groups/" });</script>]]></description>
			<content:encoded><![CDATA[<p><img src="http://www.arcticstartup.com/wp-content/uploads/2008/06/tripsay.png" alt="" title="Tripsay" width="94" height="51" class="alignnone size-full wp-image-308 image-left" /><a href="http://www.tripsay.com">TripSay</a> adds groups to its service, continueing on the strong community path. With groups, users of the service can more easily see what their peers in the same group are doing. Users can also add certain places to different groups.</p>
<p>Juha Huttunen, the CEO, commented groups in the following manner; &#8220;We added groups because they are a crucial element for finding people that share the same travel passions. With groups it is now again easier to find tips related to your interest. You can now easily find the places and tips recommended by e.g. fellow surfers or party animals. You can also create your own group with just friends too.&#8221;</p>
<p>With regards to their moving out of private beta, Juha Huttunen did not reveal all that much. The list of todo-items isn&#8217;t apparently all that long - I&#8217;m guessing they are in the final stages of fine tuning code and sorting out the communications things with regard to getting everything in-sync. The launch date is still unsure, but <a href="http://www.arcticstartup.com/2008/06/11/few-rumours-from-parteco-picnic/">we&#8217;re guessing</a> that its set for August.</p>
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		<title>Arctic Startup Exclusive: Interview with Fruugo CEO Reijo Syrjäläinen</title>
		<link>http://www.arcticstartup.com/2008/06/24/arctic-startup-exclusive-interview-with-fruugo-ceo-reijo-syrjalainen/</link>
		<comments>http://www.arcticstartup.com/2008/06/24/arctic-startup-exclusive-interview-with-fruugo-ceo-reijo-syrjalainen/#comments</comments>
		<pubDate>Tue, 24 Jun 2008 04:38:39 +0000</pubDate>
		<dc:creator>Antti Vilpponen</dc:creator>
		
		<category><![CDATA[general]]></category>

		<category><![CDATA[fruugo]]></category>

		<category><![CDATA[janne waltonen]]></category>

		<category><![CDATA[reijo syrjäläinen]]></category>

		<category><![CDATA[risto siilasmaa]]></category>

		<guid isPermaLink="false">http://www.arcticstartup.com/?p=305</guid>
		<description><![CDATA[This Friday, Arctic Startup will be among the first to know what Fruugo, the super secret Finnish startup with Jorma Ollila and Risto Siilasmaa on board, is really up to. We have received an invitation to a morning event this Friday.
Fruugo will be hosting a breakfast meeting with a few bloggers. Fruugo is taking this [...]<script type="text/javascript">SHARETHIS.addEntry({ title: "Arctic Startup Exclusive: Interview with Fruugo CEO Reijo Syrjäläinen", url: "http://www.arcticstartup.com/2008/06/24/arctic-startup-exclusive-interview-with-fruugo-ceo-reijo-syrjalainen/" });</script>]]></description>
			<content:encoded><![CDATA[<p><img src="http://www.arcticstartup.com/wp-content/uploads/2008/06/fruugo.png" alt="" title="Fruugo\&#039;s test tube" width="120" height="124" class="alignnone size-medium wp-image-306 image-right" />This Friday, Arctic Startup will be among the first to know what <a href="http://www.fruugo.com">Fruugo</a>, the super secret Finnish startup with Jorma Ollila and Risto Siilasmaa on board, is really up to. We have received an invitation to a morning event this Friday.</p>
<p>Fruugo will be hosting a breakfast meeting with a few bloggers. Fruugo is taking this first step seriously as the host for the session is none other than their CEO Reijo Syrjäläinen. VP of marketing, Janne Waltonen does not want to reveal anything regarding the event, however he wants to point out this is one of the first initiatives to support their open attitude towards social and participatory media.</p>
<p>If we could ask just one question from the CEO, Reijo Syrjäläinen - what would you want to ask?</p>
<p><i>Disclosure: I have worked with Janne Waltonen on founding Gyllene Skor, he is also a share holder in the company.</i></p>
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		<item>
		<title>Eniram&#8217;s VC pitch</title>
		<link>http://www.arcticstartup.com/2008/06/16/enirams-vc-pitch/</link>
		<comments>http://www.arcticstartup.com/2008/06/16/enirams-vc-pitch/#comments</comments>
		<pubDate>Sun, 15 Jun 2008 22:46:14 +0000</pubDate>
		<dc:creator>Ville Vesterinen</dc:creator>
		
		<category><![CDATA[companies]]></category>

		<category><![CDATA[video]]></category>

		<category><![CDATA[Eniram]]></category>

		<category><![CDATA[Henrik Dahl]]></category>

		<category><![CDATA[iva]]></category>
<category>Eniram</category><category>Henrik Dahl</category><category>IVA</category>
		<guid isPermaLink="false">http://www.arcticstartup.com/2008/06/16/enirams-vc-pitch/</guid>
		<description><![CDATA[ 

Click to Play

Henrik Dahl, Eniram’s managing director, practiced his pitch before the IVA conference, which took place 19th and 20th of May.

Eniram is a company offering unique modern technology solutions for the marine industry in the areas of safety &#38; security, environment, and vessel performance. At the time of the pitch Eniram was looking [...]<script type="text/javascript">SHARETHIS.addEntry({ title: "Eniram&#8217;s VC pitch", url: "http://www.arcticstartup.com/2008/06/16/enirams-vc-pitch/" });</script>]]></description>
			<content:encoded><![CDATA[<p><script src="http://blip.tv/scripts/pokkariPlayer.js?ver=2008010901" type="text/javascript"></script> <script src="http://blip.tv/syndication/write_player?skin=js&amp;posts_id=1001976&amp;source=3&amp;autoplay=true&amp;file_type=flv&amp;player_width=&amp;player_height=" type="text/javascript"></script></p>
<div id="blip_movie_content_1001976" style="text-align: center;"><a onclick="play_blip_movie_1001976(); return false;" rel="enclosure" href="http://blip.tv/file/get/Arcticstartup-EniramsVCPitch327.mov"><img title="Click to play" src="http://blip.tv/file/get/Arcticstartup-EniramsVCPitch327.mov.jpg" border="0" alt="Video thumbnail. Click to play" /></a><br />
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<p><br\></p>
<div style="text-align: left;">Henrik Dahl, <a href="http://www.eniram.fi/">Eniram</a>’s managing director, practiced his pitch before the <a href="http://www.arcticstartup.com/2008/05/12/learning-from-israel">IVA conference</a>, which took place 19th and 20th of May.</div>
<div style="text-align: left;">
<p>Eniram is a company offering unique modern technology solutions for the marine industry in the areas of safety &amp; security, environment, and vessel performance. At the time of the pitch Eniram was looking for over a 5m investment to scale up the operations for a global expansion.</p>
</div>
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		<title>Few rumours from Parteco picnic</title>
		<link>http://www.arcticstartup.com/2008/06/11/few-rumours-from-parteco-picnic/</link>
		<comments>http://www.arcticstartup.com/2008/06/11/few-rumours-from-parteco-picnic/#comments</comments>
		<pubDate>Wed, 11 Jun 2008 19:41:07 +0000</pubDate>
		<dc:creator>Antti Vilpponen</dc:creator>
		
		<category><![CDATA[general]]></category>

		<category><![CDATA[dopplr]]></category>

		<category><![CDATA[ironsky]]></category>

		<category><![CDATA[juha huttunen]]></category>

		<category><![CDATA[lisa sounio]]></category>

		<category><![CDATA[marko ahtisaari]]></category>

		<category><![CDATA[runtoshop]]></category>

		<category><![CDATA[star wreck]]></category>

		<category><![CDATA[taneli tikka]]></category>

		<category><![CDATA[tripsay]]></category>

		<guid isPermaLink="false">http://www.arcticstartup.com/?p=300</guid>
		<description><![CDATA[I attended the Parteco picnic today, organised by Katri Lietsala and Esa Sirkkunen, who ran the Participatory Economy and Beyond -research project. It was a good event with old media companies slowly turning to social media (which I have to say shouldn&#8217;t be done only for social media&#8217;s sake).
I also heard some good rumours regarding [...]<script type="text/javascript">SHARETHIS.addEntry({ title: "Few rumours from Parteco picnic", url: "http://www.arcticstartup.com/2008/06/11/few-rumours-from-parteco-picnic/" });</script>]]></description>
			<content:encoded><![CDATA[<p><img src="http://www.arcticstartup.com/wp-content/uploads/2008/06/parteco.png" alt="" title="Partecopicnic" width="155" height="77" class="alignnone size-full wp-image-301 image-right" />I attended the Parteco picnic today, organised by Katri Lietsala and Esa Sirkkunen, who ran the Participatory Economy and Beyond -research project. It was a good event with old media companies slowly turning to social media (which I have to say shouldn&#8217;t be done only for social media&#8217;s sake).</p>
<p>I also heard some good rumours regarding the Finnish startup scene. First of all, regarding <a href="http://www.dopplr.com">Dopplr</a> - Marko Ahtisaari, Lisa Sounio and Taneli Tikka have left, or are leaving the company to continue to new challenges. <a href="http://www.linkedin.com/in/taneli">Taneli Tikka</a> is currently very active with his new startup RunToShop, which is creating some buzz among Finnish startups. The moves at the moment are not official, but there is a lot of buzz around that.</p>
<p>Juha Huttunen of <a href="http://www.tripsay.com">Tripsay</a> was also nodding towards August with regards to their official launch. Therefore we&#8217;ll have to wait a few more months before we will be able to see the service they are coming out with. I understand they are currently making final moves towards the launch.</p>
<p>Last, but not least - rumour or not - the <a href="http://www.ironsky.net/">Iron Sky</a> movie, followup to the largest Finnish movie ever distributed - StarWreck, will be launched in 2010. Currently the script is being finetuned for the &#8220;investment round&#8221; that will be a few million euros and that will begin during the end of this year.</p>
<p>However, there was a lot of positive talk among the startups there regarding various issues and I also received a lot of great ideas regarding our next event.</p>
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		<title>Tanla Solutions acquires a majority stake of Openbit with valution of EUR 12M</title>
		<link>http://www.arcticstartup.com/2008/06/05/tanla-solutions-acquires-a-majority-stake-of-openbit-with-valution-of-eur-12m/</link>
		<comments>http://www.arcticstartup.com/2008/06/05/tanla-solutions-acquires-a-majority-stake-of-openbit-with-valution-of-eur-12m/#comments</comments>
		<pubDate>Thu, 05 Jun 2008 08:38:55 +0000</pubDate>
		<dc:creator>Miikka Kukkosuo</dc:creator>
		
		<category><![CDATA[general]]></category>

		<category><![CDATA[acquisition]]></category>

		<category><![CDATA[Deloitte]]></category>

		<category><![CDATA[Deloitte Technology Fast 50]]></category>

		<category><![CDATA[DRM]]></category>

		<category><![CDATA[mobile]]></category>

		<category><![CDATA[Openbit]]></category>

		<category><![CDATA[payments]]></category>

		<category><![CDATA[Tanla Solutions]]></category>

		<category><![CDATA[valuation]]></category>

		<guid isPermaLink="false">http://www.arcticstartup.com/?p=297</guid>
		<description><![CDATA[Openbit, a Finnish Tampere based provider of on-device payment and DRM solutions for mobile applications, and Tanla Solutions, Indian telecommunications software and services provider have announced today that Tanla buys 85 % of Openbit for $US 15.81M / EUR 10.2M in cash. The valuation is therefore at EUR 12M, 23.5 times Openbit&#8217;s EBITDA (EUR 0.51M) [...]<script type="text/javascript">SHARETHIS.addEntry({ title: "Tanla Solutions acquires a majority stake of Openbit with valution of EUR 12M", url: "http://www.arcticstartup.com/2008/06/05/tanla-solutions-acquires-a-majority-stake-of-openbit-with-valution-of-eur-12m/" });</script>]]></description>
			<content:encoded><![CDATA[<p><a href="http://www.openbit.com/"><img class="image-left" title="openbit_logo" src="http://www.arcticstartup.com/wp-content/uploads/2008/06/openbit_logo.jpg" alt="Openbit" width="275" height="52" /></a><a title="Openbit" href="http://www.openbit.com">Openbit</a>, a Finnish Tampere based provider of on-device payment and DRM solutions for mobile applications, and <a title="Tanla Solutions" href="http://www.tanlasolutions.com/">Tanla Solutions</a>, Indian telecommunications software and services provider have announced today that Tanla buys 85 % of Openbit for $US 15.81M / EUR 10.2M in cash. The valuation is therefore at EUR 12M, 23.5 times Openbit&#8217;s EBITDA (EUR 0.51M) from the fiscal year 2007.</p>
<p>The remaining 15% is still owned by the management and will be acquired by Tanla in two parts, 5% after the first year and 10% after the second. Openbit has been one of the fastest growing companies in Finland in terms of revenue growth, <a title="AS: New entrants top Deloitte’s Finnish Technology Fast 50 2007" href="http://www.arcticstartup.com/2007/10/29/new-entrants-top-deloittes-finnish-technology-fast-50-2007/">ranking third</a> in the Deloitte’s Finnish Technology Fast 50 list of 2007.</p>
<p>Seems like a potentially very good match for both companies. Openbit should be able to expand their channels and partners faster in Asia and North America, and Tanla gets extensive foothold in Europe.<br />
Congrats to Openbit for the work well done so far!</p>
<p>See Tanla&#8217;s <a title="Press release" href="http://www.tanlasolutions.com/images/pdf/tanla_openbitpr050608.pdf">press release</a> (PDF) for more information.</p>
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		<title>Kuneri wins EMEA Regional Award in Forum Nokia 2008 Code Camp Competition</title>
		<link>http://www.arcticstartup.com/2008/06/03/kuneri-wins-emea-regional-award-in-forum-nokia-2008-code-camp-competition/</link>
		<comments>http://www.arcticstartup.com/2008/06/03/kuneri-wins-emea-regional-award-in-forum-nokia-2008-code-camp-competition/#comments</comments>
		<pubDate>Mon, 02 Jun 2008 21:45:00 +0000</pubDate>
		<dc:creator>Miikka Kukkosuo</dc:creator>
		
		<category><![CDATA[general]]></category>

		<category><![CDATA[2008 Code Camp Competition]]></category>

		<category><![CDATA[award]]></category>

		<category><![CDATA[competition]]></category>

		<category><![CDATA[Easy Vote]]></category>

		<category><![CDATA[Flash Lite]]></category>

		<category><![CDATA[Forum Nokia]]></category>

		<category><![CDATA[Kuneri]]></category>

		<category><![CDATA[KuneriLite]]></category>

		<category><![CDATA[Web Runtime]]></category>

		<category><![CDATA[widgets]]></category>

		<category><![CDATA[WRT]]></category>

		<guid isPermaLink="false">http://www.arcticstartup.com/?p=41</guid>
		<description><![CDATA[Kuneri, Oulu based company founded in 2006, has won EMEA Regional Award in the Forum Nokia 2008 Code Camp Competition with their Easy Vote application. The contest was aimed at inspiring building Web Runtime (WRT) widgets and Flash applications.
The winner Easy Vote is a mobile Flash Lite application enabling users to vote by mobile phone [...]<script type="text/javascript">SHARETHIS.addEntry({ title: "Kuneri wins EMEA Regional Award in Forum Nokia 2008 Code Camp Competition", url: "http://www.arcticstartup.com/2008/06/03/kuneri-wins-emea-regional-award-in-forum-nokia-2008-code-camp-competition/" });</script>]]></description>
			<content:encoded><![CDATA[<p><a href="http://www.kuneri.net"><img class="image-right" title="kuneri_logo_small" src="http://www.arcticstartup.com/wp-content/uploads/2008/06/kuneri_logo_small.png" alt="Kuneri" width="250" height="113" /></a><a title="Kuneri" href="http://www.kuneri.net/">Kuneri</a>, Oulu based company founded in 2006, has <a title="2008 Code Camp Competition Winners" href="http://www.forum.nokia.com/main/contests/global_application_contest.html">won</a> EMEA Regional Award in the Forum Nokia 2008 Code Camp Competition with their <a title="Easy Vote" href="http://www.kuneri.net/content/view/32/40/">Easy Vote </a>application. The contest was aimed at inspiring building Web Runtime (WRT) <a title="WRT Widgets" href="http://www.forum.nokia.com/main/resources/technologies/browsing/widgets.html">widgets</a> and Flash applications.</p>
<p>The winner Easy Vote is a mobile Flash Lite application enabling users to vote by mobile phone call, text message, or Web service via rich user interface. Kuneri focuses on creating applications and tools for Flash Lite development mainly on the Symbian S60 platform. The firm also offers <a title="KuneriLite" href="http://www.kunerilite.net/">KuneriLite</a>, an application development toolkit for Symbian/S60 stated to extend Flash Lite capabilities and allow creating applications without any Symbian knowledge.</p>
<p>Kuneri&#8217;s <a title="Kuneri Easy Vote" href="http://bloggy.kuneri.net/">blog</a> <a title="Easy Vote wins" href="http://bloggy.kuneri.net/2008/06/02/kuneri-easy-vote-is-emea-winner-of-forum-nokia-completition/">post</a>.</p>
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		<title>MySites targeting niche audiences</title>
		<link>http://www.arcticstartup.com/2008/06/02/mysites-targeting-niche-audiences/</link>
		<comments>http://www.arcticstartup.com/2008/06/02/mysites-targeting-niche-audiences/#comments</comments>
		<pubDate>Sun, 01 Jun 2008 22:35:13 +0000</pubDate>
		<dc:creator>Ville Vesterinen</dc:creator>
		
		<category><![CDATA[companies]]></category>

		<category><![CDATA[marketing]]></category>

		<category><![CDATA[MySites]]></category>

		<category><![CDATA[Ramine Darabiha]]></category>

		<guid isPermaLink="false">http://www.arcticstartup.com/?p=294</guid>
		<description><![CDATA[MySites, a Finnish startup providing a single location to save, manage and share content online, has decided to focus their marketing efforts selectively in two niche audiences. This is an interesting marketing strategy for a startup since it might make it possible for a startup to reach a critical user base without an acceptance from [...]<script type="text/javascript">SHARETHIS.addEntry({ title: "MySites targeting niche audiences", url: "http://www.arcticstartup.com/2008/06/02/mysites-targeting-niche-audiences/" });</script>]]></description>
			<content:encoded><![CDATA[<p><a href="http://www.arcticstartup.com/wp-content/uploads/2008/06/mysites_logo.jpg"><img class="alignleft size-medium wp-image-295" title="mysites_logo" src="http://www.arcticstartup.com/wp-content/uploads/2008/06/mysites_logo-300x125.jpg" alt="" width="300" height="125" /></a><a href="http://www.mysites.com/">MySites,</a> a Finnish startup providing a single location<span id="theme" class="modest"><span> to save, manage and share content online</span></span>, has decided to focus their marketing efforts selectively in two niche audiences. This is an interesting marketing strategy for a startup since it might make it possible for a startup to reach a critical user base without an acceptance from a wider community for what is still a rather generic service.</p>
<p>MySites has decided to go after gamers and university students.  MySites CEO, Ramine Darabiha, tells us that gamers and students are the kinds of users who respond the best to MySites as they tend to prefer sharing pictures and music. Many users also seem to use MySites as an &#8220;private online hard disk&#8221;, to access for example their school documents.</p>
<p>MySites had a strong presence at Lan79, a large European gaming LAN party. Ramine told us that this way they made important contacts there with key players in the online gaming industry, such as the largest online gaming news sites, event organizers , as well as several top teams.</p>
<p>This allowed MySites to gather attention for their own CounterStrike Source <a href="http://tournament.mysites.com/">tournament</a> that took place on the 9th of May when MySites organized a large one-night tournament for CounterStrike Source. The teams were competing for a total cash prize of 1000€. Coverage of this tournament was spread across 8 prominent online gaming news sites, namely <a href="http://www.vakarm.net/view-news-MySites-fastcup-au-sommet-de-l-Europe_read-1211-fr.html">Vakarm</a>, <a href="http://www.cadred.org/News/Article/29932/">Cadred</a>, <a href="http://www.team-aaa.com/news/comment.php?news_id=11451&amp;offset=1">Team-aAa</a>, eFever, Actu-Lan, <a href="http://londonmint.thecgs.com/London_Mint_Win_MySites_Invite_Tournament">London Mint</a>, <a href="http://www.team-coolermaster.co.uk/index.php?site=news_comments&amp;newsID=332&amp;lang=uk">Team-Coolermaster</a>, <a href="http://www.insidesource.co.uk/index.php?mod=news&amp;action=view&amp;id=126">Inside Source</a>. Additionally, Ramine told us that there was a live web tv stream of every match, which hosted up to 1000 spectators.</p>
<p>MySites has also been focusing their promotion on students, targeting student unions of universities of Oulu and Tampere. The company has been presenting the service to the heads of the student unions in order to get the most active members of the student body involved in promoting their services.</p>
<p>According to Ramine, as a result of these efforts, MySites is known by and has contacts in many of the top gaming teams and the staff of online gaming sites as well as uniniversity student unions. This in an interesting grass roots approach that reminds me of the the way Facebook spread in the early 2005 among university students before it hit the mainstream.</p>
<p>MySites is clearly facing the same IPR issues as any other site regarding the sharing movies and music online. Thus, it seems to be mainly a convenient way to store data into the cloud for one&#8217;s own personal use since it can hardly steel a significant share of the personal photo sharing business from Facebook, Flickr and the likes. In this respect the strategy of targeting niche audiences with specific needs might prove to be a wise approach.</p>
<p><em>Disclosure: MySites is sponsoring Arctic Startup Events</em></p>
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