Docler Group Invests €1.2 mln in Synaptel

Docler Investments Ltd., a subsidiary of the Docler Group has acquired a controlling stake in Ceudata Ltd. following a EUR 1.2 million investment. Ceudata develops corporate mobile solutions under the brand-name Synaptel and was incorporated in 2009.

Ceudata (www.synaptel.com)

Ceudata was founded by executives having wide experience in telecommunications, defence and surveillance. The key members of Synaptel have worked in leading global organisations such as IBM, Nokia, Ericsson, Deloitte and Raiffeisen.  Ceudata spent about EUR 1 million to develop its first commercial product, the Synaptel mobile software package, which started selling late last year. Among the buyers of Synaptel are major corporate houses including Citibank, major Hungarian reseller Magyar Telekom Group and fund manager Generali. Ceudata is Nokia’s mobile software development partner in Hungary.

Docler Group (www.doclerholding.com)

The Docler Group is decade old diversified company based in Budapest, Hungary. It has emerged as one of the leading global website developers and hosting service providers and currently employs about 500 workers. The group launched its corporate venture funding business, Docler Investment in 2010 and focuses on companies engaged in the development of cutting edge IT and internet related technologies.

IMAP MB Partners (www.imap.hu)

IMAP MB Partners,  Hungary’s number one M&A firm in H1, 2011  and the number one M&A advisor in the Central-Eastern-Europe region in 2010 with 23 deals - according to ISI DealWatch and Thompson Reuters league table, respectively.  IMAB MP Partners’ deal volume grew by 30% in 2010 compared with 2009.