Minicom spins off digital signage division
Minicom Advanced Systems, a developer of remote access, KVM, and digital signage solutions, has announced that it has spun out its digital signage division (“MDS”). The new company simultaneously announced that it had raised $6 million to finance its operations independently.
The investment, which was led by Jerusalem Venture Partners and joined by Aviv Ventures, will enable the company to broaden its platform 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. According to MDS’ CEO, Ronni Guggenheim, “This investment is the natural next step in MDS’ lifecycle. The support of our investors positions us to explore inorganic growth options and to drive the acceleration of our product roadmap towards the establishment of MDS as a full scale enabling platform in the digital signage market.”
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