Are you sure?

iPONT sees venture capital coming its way

Hungarian-owned iPONT Consulting, which makes software for three-dimensional computer monitors, is preparing to take in €3 million-€5 million in venture capital, managing director Zoltán Korcsok told MTI.

iPONT makes software for 3D monitors - that do not require the use of special glasses - in cooperation with Tridelity, a German company that produces 3D televisions. Already, the company has orders from companies in the United States and the United Arab Emirates, mainly for public places such as airports or shopping centers, Korcsok said.

Last year, iPONT started a HUF 430 million hardware development project supported with about HUF 270 million in European Union funding.

iPONT had revenue of HUF 220 million in 2009, down from HUF 248 million in 2008. Korcsok said revenue fell because the company is still in the expansion stages.

iPONT started working with 3D technology in 2007.

iPONT, which employs a staff of about 40, wants to transform soon into a company limited by shares and plans an IPO in the long term, Korcsok said. (MTI-ECONEWS)