Docler Investments provides a 1M Euro mezzanine finance facility to cloud delivery company CE On-Demand.
Hungarian corporate venture capital investor Docler Investments has concluded an agreement to provide a EUR 1 million mezzanine finance facility to CE On-Demand, the fast-growing cloud delivery company based in Budapest, the fund’s managing director announced today.
“Docler Investments has been looking for innovative businesses with considerable growth potential and international track record. CE On-Demand proved to possess all of these qualities and a valid business plan for the future. This financing commitment is the first step towards a long-term relationship with this extraordinary company.” – said Zoltán Bernáth, managing director of Docler Investments Ltd.
CE On-Demand has recently been cited among the seven leading cloud enablers for telecom operators worldwide by industry research firm Informa Telecoms & Media. The company creates cloud providers by assisting Telcos, Systems Integrators and direct end customers to realize and implement their cloud strategies. Since its inception in 2008, CE On-Demand has supported over 25 partners, primarily Tier 1 telecommunication service providers, in deploying their cloud strategy. The Company’s footprint spans 15 countries and is growing fast. Docler Investments, a member of Docler Group, provides a mezzanine facility to CE On-Demand to finance the company’s services portfolio development and for further geographical expansions.
Viktor Kovács, Founder and CCO of CE On-Demand said: “Docler Investments is one of the strongest and most active private venture-capital players in the market. Docler Group has a number of member companies and investments in the IT sector which CE On-Demand plans to leverage on while building-out its services portfolio and capabilities. We see an increasing demand from the market for cloud brokerage that we can best capitalize on by enhancing our services portfolio to offer specialist and localized services to our customers. With the extended services portfolio, we aim to give partners the ability to build ecosystems that connect their customers to a wide variety of solutions and enabling them to take advantage of the business benefits of the cloud. This financing facility will also help CE On-Demand to expand to the Middle East, North Africa and Asia, emerging markets with a high cloud imperative.”
Docler Investments is the second institutional investment partner of CE On-Demand, after the venture capital fund DBH’s investment last year.
“As an investment fund, DBH searches for, analyzes and invests into future top-performers in the market who have the potential to become global players in their industries. CE On-Demand is a company that is on track to be considered a role model in this respect. We expect much from them and so far they have delivered, so we are looking forward to our collaboration with Docler Investments in planting the seeds for future growth with CE On-Demand” – said Sándor Erdei, chairman-CEO of DBH Investments.
About Docler Investments
Docler Investments is the corporate venture capital arm of Docler Holding, a Hungary-based IT technology hub, with over 10 years in business and 600 FTEs. Docler Investments is one of the most active independent private investors in Hungary, searching for talented and driven management teams with unique services, products and business models. Though has an eye for IT, Docler Investments is open for any high potential ideas in various fields, even outside of information technologies.
For more information on Docler Group and Docler Investments, our group companies and investment portfolio, please visit www.doclerholding.com and www.doclerinvestments.hu
About DBH Group
DBH Group has played part in several successful capital investment transactions as a consultant and investor in the CEE region in the last 20 years. The DBH “Business Model” is a service package developed by DBH Group for the small- and medium sized enterprises, which provides physical infrastructure (serviced offices and serviced industrial facilities), business services (finance, business administration and project management) and last but not least ensures venture capital for the realization of innovative ideas. The DBH Investment Venture Capital Fund Co.was founded in September 2008, as the member of DBH Group. DBH Investment tendered successfully for the venture capital program supported by EU resources (JEREMIE), and the venture capital fund of 5 billion HUF was launched in 2010. DBH Investment provides venture capital for innovative ideas and technologies, as well as private equity funding for medium and mid-sized ventures looking to grow and expand. In recent years DBH has invested into healthcare, technology, biotech, and manufacturing industries.