Minicom Advanced Systems (Jerusalem, Israel), a developer of remote-access, KVM, and digital-signage solutions, has spun out its digital-signage division, Minicom Digital Signage (MDS). The new company 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.
MDS is a vendor of media-distribution solutions for the digital-signage and DOOH markets. According to MDS’ CEO, Ronni Guggenheim, “The support of our investors positions us to explore inorganic growth options and 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, currently deployed on more than 400,000 screens worldwide, 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 U.K., Switzerland, and the U.S. in order to meet its customers’ localized needs.
Founded in 1988, Minicom is a member of Intel Capital’s portfolio. In 2009, Minicom established MDS. Minicom operates in more than 70 countries.