Publication: Hungary AM
Provider: New World Publishing
Date: June 16, 2005

Investment in video surveillance

Venture capital fund Primus Capital Partners Ltd invested USD 300,000, while a regional investor, New Market Holding Ltd USD 100,000 in a first round funding of VideoCast Kft, developer of video surveillance systems. VideoCast is taking a new approach to creating large-scale integrated video security systems with as many as 10,000 cameras in one system. VideoCast Ltd. is co-owned, managed and staffed by a five-member group of developing engineers. Earlier Primus also invested USD 300,000 in Nebotrade Kft, a biotechnological producer and developer company, and has a stake in Mirai Interactive Kft, a company dealing with digital marketing campaigns. (NG 1, 5) K.H.

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