Øyvind Isaksen (51) has been appointed new CEO of poLight AS and the current CEO, Christian Dupont, will become CMO in charge of Sales & Marketing. Isaksen has previously held several CEO positions, most recently in the publicly listed company Q-Free ASA, which he left earlier this year after 7 years as CEO.
poLight offers the fastest autofocus (AF) actuator for use in future camera phones. poLight® has a patented Tunable Optical Lens with many performance benefits compared to today's VCM (Voice Coil Motor) lens, and it scores far better in terms of instant focus and low power consumption.
For more information visit www.polight.com or see press release.
Alliance Venture - together with Northzone - has invested $3.5 million in Outracks Technologies AS. Outracks develops a creative tool suite, Realtime Studio, used by programmers and designers to create stunning, multi-platform apps and visual experiences. Realtime Studio exports blazing fast, native applications for all major mobile and desktop operating systems, as well as WebGL and HTML5 for all browsers.
Incorporated in 2011 by a team of highly skilled engineers with backgrounds in GPU hardware, games and compiler development, Outracks is a company with a deep passion for beautiful pixels. Outracks’ goal is to enable anyone to create amazing user experiences on any platform and to redefine how we develop applications and visual content.
To learn more, visit www.outracks.com or see full press release.
Alliance Venture Spring attracts a number of high profile investors. The new early-stage fund will invest in new, promising IT start-ups - primarily in Norway. Alliance Venture Spring is now formally established, after seeing large interest from investors.
The fund was oversubscribed at first closing, and attracted a number of strategic investors, among them Telenor and Opera Software. Capital under management is NOK 510 million.
- We are proud and happy that the fund was oversubscribed so soon after the subscription offer went out. We are also very satisfied that so many competent investors are participating as LPs. We have established a network of former IT entrepreneurs and managers that will use their experience to support the fund. All of the network participants have invested in the fund. We are confident that this will strengthen the fund and provide a valuable contribution to the entrepreneurs in their portfolio companies, says managing partner Jan-Erik Hæreid in Alliance Venture Spring.
The team has been expanded with two new members, for full profile see team.
Link to press release in English and Norwegian