Moscow-based private equity and venture capital firm, Mint Capital has recently exited its investment in telecom service delivery platform developer jNetX via sale to telecoms customer software provider Amdocs for $50 million, net of debt and cash. The sale was announced by jNetX on October 27.
Mint Capital first invested less than $2 million in jNetX from its $21-million Mint Capital I Fund in March 2002. The company raised more funding. The amount was not disclosed but believed to be several million.
Founded in 2001, jNetX is headquartered in Dallas, Texas and has software development team of over 150 people in Moscow. The software platform from jNetX allows its customers including Vodafone Group, British Telecom, Mobikom and other telecom service providers to roll out value-added services by adjusting the software that runs the network without making infrastructure changes.