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Oricane Lands Deal With Cleantech Invest Oy

Cleantech Invest Oy PRESS RELEASE April 09, 2013

Cleantech Invest OY has today completed investment into Oricane AB, a Swedish company specialized in high end classification algorithms for data communications. Oricane’s patented and award winning technologies uses over 95% less energy, memory and hardware, compared to industry standard. Oricane now launches a new NoSQL data analytic and data classification engine, designed for efficient real-time and on-the-fly data aggregation, allowing by magnitude faster computing than current industry standard.

As an investment and development company, Cleantech Invest is focusing on clean technologies that create energy- and material saving opportunities for the industry. Therefore, Oricane is an excellent fit to Cleantech Invest’s portfolio.

“We want to create operating and growth conditions for such cleantech companies, that have significant international growth potential. As an active owner we bring Oricane not only capital but also cleantech expertize and international business networks that have been built over a decade. We see truly explosive growth opportunities in Oricane’s solutions and we want to develop the company to become the leading international player in this field,” states Lassi Noponen, Chairman of the Board, Cleantech Investment.

“Oricane is very excited about having Cleantech Invest joining the company because of their track record as well as expertise and knowledge in the field of cleantech. With the investment Oricane can now launch its new Big Data business, facilitating massive future business opportunities,” says Josefine Åhl, Chief Operating Officer of Oricane.

Oricane is based on 11 years of computer science research executed by Dr. Mikael Sundström, who is the founder of Oricane and technical expert in algorithmic engineering. Today Oricane has been recognized as a global leader in this area and has 9 awarded patents.

Further information:

www.oricane.com

Lassi Noponen, Chairman of the Board, Cleantech Invest
tel. +358 40 501 5127
lassi.noponen@cleantechinvest.com

Cleantech Invest in brief
Cleantech Invest Oy is an investment and development company, which is focuses on clean technology or more precisely energy- and material efficiency. The operating model of the company is to raise capital from private investors and invest in the sector’s most promising high growth companies in Finland and the Nordic countries. Cleantech Invest is also a Vigo-accelerator, appointed by the Ministry of Employment and the Economy.