Minicom raises $6m. for new venture

Minicom Advanced Systems, a developer of remote access, KVM, and digital signage solutions, has announced that it will spinout its digital signage division, MDS and also that it has raised $6 million to finance its operations independently.The investment was led …

Minicom Advanced Systems, a developer of remote access, KVM, and digital signage solutions, has announced that it will spinout its digital signage division, MDS and also that it has raised $6 million to finance its operations independently.

The investment was led by Jerusalem Venture Partners (JVP) and joined by Aviv Ventures. The company plans to broaden its platform and expand its services to meet market requirements from its new offices in Jerusalem’s JVP Media Quarter.

MDS is a leading vendor of media distribution solutions for the Digital Signage and Digital out of Home (DooH) marketplace. The MDS technology is currently deployed on over 400,000 screens worldwide, and 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 UK, Switzerland and the US.

Minicom Advanced Systems provides KVM remote access, extension and management solutions designed to expedite and simplify IT services by enabling local, remote, in-band and out-of-band access and management.

Founded in 1988, Minicom established MDS in 2009. Headquartered in Israel with regional offices in North America, Europe and China, Minicom operates in more than 70 countries.