21Net

This funding strengthens 21Net in further developing high end communication and multimedia systems for trains and enables 21Net to secure its presence in the European market and to expand the business to new markets like the Far East and North America.

"We could not have chosen a better partner than Innovacom to assist in the growth of 21Net" indicates Jean-François de Lantsheere, CEO of 21Net. "Broadband Internet and Multimedia on trains are increasingly becoming key services in a competitive train environment. The combination of Innovacom and 21Net will provide both credibility and innovation to the market." 

“We identified connectivity solutions for railway industry as a promising market as there is an increasing demand from passengers and train operators for true communication experiences on board trains. 21Net has demonstrated a technical and business leadership on this market. We believe the Company has the critical knowhow and the right partnerships to offer robust, affordable and high end solutions the rail market requires on the long term.” comments Vincent Deltrieu from Innovacom.

About Innovacom

With 400 million Euros under management Innovacom is a leading Private Equity firm in Europe. Since its creation twenty-one years ago under the France Telecom/Orange Group initiative Innovacom has helped more than 350 innovative technology, telecommunication and media companies finance their growth (among others, Inventel, Netcentrex, Streamezzo, Business Objects, Soitec, Kelkoo or Auféminin.com).
With a deep background in international telecommunications and networking Innovacom is uniquely positioned to help its companies’ portfolio not only with capital but with business development practices towards the best carrier and enterprise deployment partners.

About BIP

BIP Investment Partners S.A. is an independent investment company providing debt and equity financing to high-growth companies. With a primary investment focus on the Benelux countries and its surrounding region known as “Grande Région”, our portfolio includes long-term interests in leading companies, as well as Private Equity investments – Venture Capital and Leveraged Buy-Outs – in smaller companies.