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Divergent Newsletter No. 5
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Kudos to Windspring
Windspring wins a prestigious Frost & Sullivan award.
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Valorem wins iAward
Valorem Systems recognised as an industry leader by the Australian Information Industry Association in its annual iAwards
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WindSpring Bouncing Along
WindSpring is having a great 2007
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eMove Partners MyHome
eMove and MyHome partner to deliver services to Australians moving houses.
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Genos Appoints VP of Sales and Marketing
The highly experienced Matt Galik is appointed VP of Sales and Marketing for Genos EI
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Divergent Achieves Strong Cash Exit of Visean
Divergent Capital is pleased to announce that Visean Information Systems has been successfully exited from our Portfolio
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Monday, 28 May 2007
WindSpring Bouncing Along
Divergent investee company WindSpring has reached a major milestone signing its first multi-million dollar contract with one of the worlds leading navigational device manufacturers. The deal will run over three years with
WindSpring to supply its patented data miniaturization technology for use with in-car navigation devices.
Simultaneously WindSpring has signed two new global agents that have access to other large navigational product suppliers. One of these agents has already been trained on the product with the other to follow shortly, it is expected that sales from these partners will come on stream in the next six to eighteen months.
Divergent would also like to thank the departing CEO Rob Mitro for his years of service to the company, Rob decided to leave after hitting retirement age. We wish him well in his new life and we welcome Tom Hunt as the new President and CEO. Tom has a wealth of management experience earning his initial stripes in the Reagan White House and then in management of several large US corporates.
Congratulations to the WindSpring team!
About WindSping
Founded as Zentronix Pty Ltd in Australia in 1996, WindSpring, based in San Jose, has developed an innovative Data Miniaturization Technology (“DMT") for the wireless and high speed network storage industries. DMT is an encoding algorithm and data miniaturization technique that enables high-speed data manipulation (seek, search, edit and display) to be performed on that data while in its miniaturized state. |
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