East Haven, Connecticut – September 19, 2007 – Netkey Inc. (“Netkey”), a leading provider of enterprise software for the development, deployment, management and security of self-service and digital merchandising applications and content announces that it has secured a venture loan from MMV Financial Inc. (MMV) to support its strategic growth initiatives.
Netkey helps businesses lower the cost and increase the value of interfacing with customers and employees by providing an enterprise software platform for assembling, securing, delivering, monitoring and optimizing content and applications for unattended devices including kiosks and digital signage.
"This financing enables Netkey to aggressively pursue its growth strategy, in particular our recent acquisition of Alpharetta, GA based Webpavement. Our leadership position has been enhanced being the only company offering customers end to end solutions comprised of both kiosks and digital signage” said V. Miller Newton, Chief Executive Officer of Netkey. “We are looking forward to our new financial partnership with MMV.”
“We were impressed with Netkey’s management team, unique solutions and overall leadership position in the industry” said Greg Dimmer, Senior Vice President, MMV. “Netkey’s strategic acquisition of Webpavement positions the Company for continued growth with its best-in-class software products and services spanning both interactive kiosk technology and digital signage.”
About Netkey Inc.
Netkey provides a comprehensive suite of applications and management software for self-service kiosks and digital signage. Netkey solutions help businesses increase sales and reduce the cost of providing enhanced services to consumers and employees. Customers include Avery Dennison, Bank of America, Borders, Circuit City, JC Penney, Target, The Home Depot, and the U.S. Postal Service. Contact Netkey at 1-800-443-7924, via e-mail at email@example.com, or on the Web at www.netkey.com.
Robert Ventresca, Vice President Marketing
About MMV Financial Inc.
MMV Financial is a Toronto-based specialty finance company providing creative debt solutions to technology and life sciences companies across North America. MMV is backed by top U.S. and Canadian private equity firms and financial institutions including CCP Equity Partners, Caisse de dépôt et placement du Québec, NewStar Financial Inc, and Wells Fargo Company. For more information visit www.mmvf.com or contact:
Greg Dimmer, Senior Vice President
MMV Financial Inc.