Excitor sold to
Excitor: Providing secure mobile device management solutions
“We already have the benefit of two years’ working experience with Soliton Systems prior to this acquisition. The teams know each other well and cooperation is already established. We very much look forward to extending the reach of our respective solutions worldwide.”
Rene Stockner, CEO of Excitor
YoY revenue growth
Years’ experience in security
Separating and protecting corporate data
Excitor is a Danish company offering enterprises a solution to manage and secure mobile devices within a Bring Your Own Device environment.
The solution enables access to corporate e-mail, calendar, contacts and other items as well as corporate applications and Intranets through a “secure container” on mobile devices and tablets, effectively separating corporate and personal data.
Stella EOC advised Excitor in this transaction, having previously advised the Company on equity financing, debt financing, and the acquisition of remote access technology company Giritech.
Soliton Systems: From partner to owner
In December 2014, Soliton Systems has acquired 88.9% of the shares in Excitor from Verdane Capital, the leading Nordic growth capital investor.
Soliton Systems is a well-established vendor of IT security, IT integration and real time video telecasting systems in Asia, headquartered in Japan, and which has been publicly listed on JASDAQ since 2007.
Soliton Systems and Excitor started to collaborate in 2011 (sales partnership) and the Japanese company subsequently acquired an 11.1% stake in Excitor in September 2013.
Strong strategic rationale for Soliton and Excitor
In order to strengthen their product and service lines, Soliton and Excitor will integrate their sales activities and use Excitor’s sales channels in the US, Asia and above all in Europe to sell Soliton solutions.
In addition, Excitor’s technology is complementary to Soliton’s, allowing existing and new customers to select the appropriate line according to their situation.
Stella EOC acted as sole advisor to the sellers.