Nuiteq attracts investment to fund development plan

Nuiteq attracts investment to fund development plan
A multitouch software developer that counts 3M and NEC among its customers and partners will embark on a global push and ramp up software development following a cash injection led by Swedish venture capital firm Inlandsinnovation.

Nuiteq raised SEK 7.8 million (approximately € 840,000) from Swedish and Dutch business angels as well as Inlandsinnovation.

The investment will be used to accelerate Nuiteq’s growth worldwide, support its global partner network and further develop its software innovations.

Harry van der Veen, CEO at NUITEQ, said: “Our software solutions for interactive touchscreens are making a significant impact within classrooms and corporate meeting rooms. This investment will assist us to further drive growth in these areas.”

Andrej Kledzik, investment manager at Inlandsinnovation, believes that Nuiteq has strong growth potential in international markets, adding that he saw interest in interactive technologies from education, retail and “infotainment”.

Dennis Mohi, global business development manager at Nuiteq, confirmed: “Nuiteq has a solid and loyal partner network around the globe. Our goal has always been to grow the business of our partners alongside our own, which is key to any long term relationship.

“With this additional funding, we are able to invest even more into strengthening existing relationships and develop new business partnerships.”

Nuiteq’s customers and partners include Lenovo, 3M, NEC, Ericsson, Accenture and General Electric.