Brazilian Venture Capital Company Ideiasnet Announces the Best Annual Results in its History

RIO DE JANEIRO, April 3, 2012 /PRNewswire/ -- Ideiasnet, a Brazilian venture capital company founded in 2000 that invests in fast growing tech companies, has achieved the best results in its history this year. The changes implemented by the new Ideiasnet management team, who assumed leadership of the company in January 2011, have proven to be effective. In the wake of investments by Liberty Media and EBX Group, Ideiasnet is now showing net revenue of R$ 1.4 billion (US$ 763 million), 31.2% higher than last year, and EBITDA of R$ 54.8 million (US$ 29.9 million); an increase of 133.8% compared to 2010. The EBITDA margin grew 78.2% in the last year.

"We are very excited with the progress at Ideiasnet," says Sami Haddad, CEO of the company. "Our plan, from the start, was to strengthen the portfolio and work on the rapid development of the company. Today we see that this was the right decision."

Net income before divestment (R$ 3.1 million // US$ 1.7 million), was also the best result in Ideiasnet's history. This result was a turnaround from last year's loss of R$ 12.3 million (US$ 7 million). Net income after divestment was R$ 12.8 million (US$ 7 million), a strong turnaround compared to the loss of R$ 2.9 million (US$ 1.5 million) in 2010.

The new management consists of Sami Haddad (CEO), Everson Lopes (Managing Director) and Alexandra de Haan (Chief Financial Officer). Together they have actively focused the portfolio around disruptive opportunities in the areas of e-commerce, digital media, cloud and mobile computing.

For the full report on Ideiasnet 2011 results, click here.

About Ideiasnet: Ideiasnet (IDNT3:BZ) is a venture capital firm that invests in fast growing Brazilian technology companies in the areas of Digital Commerce, Digital Media, SaaS - Software as a Service and Mobile, sharing experiences and offering support to accelerate their development. Its portfolio is composed by AUTOMATOS, BOLSA DE MULHER, CIASHOP, IMUSICA, MOIP, OFFICER, PADTEC, PINI, SOFTCORP, SPRING WIRELESS, TECTOTAL and ZURA!.

Press Contacts
Agencia Ideal – Tel/fax: +55 11 3035-2161
Melissa Amorim - [email protected] - +55 11 3035-2187
Adriana Lutfi - [email protected] - +55 11 7565-2753
Ricardo Cesar - [email protected]

SOURCE Ideiasnet

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