Two hundred members of the consortium and new investors were present at the Conference in Munich where Coguan received this award, alongside the internet portal KennstDuEinen.de (KennstDuEinen GmbH) and ERW Holding GmbH, a seller of proprietary heating and cooling technologies and services. b-to-v has especially emphasized the excellent work of these companies in their business development, despite the economic crisis. “They have quickly adapted their business plans, cut costs and found new revenue sources”.
With this prize, b-to-v expresses once more its support of Coguan, and is considering a possible new round of funding around the end of 2009. This support from such a prestigious investment consortium is an important proof of the credibility and viability of Coguan’s innovative business model. Coguan and b-to-v are also open to new investors interested in participating in this Series C round of funding.
Florian Schweitzer, co-founder and Partner at b-to-v, has commented: “Coguan truly deserves this international accolade as it has exceeded our expectations throughout its first year in business. We will continue supporting Coguan on its path to success”.
Coguan is still a technology start-up firm. However, this prize demonstrates the potential of the company and the excellent work of its team. It is even more valuable for Coguan, when considering that b-to-v audits each investment thoroughly and rigorously, through many filters, analyzing the competence and reliability of the company, as well as the potential for business development. After this scrutiny, b-to-v has determined that Coguan is a solid entrepreneurial enterprise with “an outstanding management team”.
Carlos Bravo Sánchez, Chief Executive Officer at Coguan Group AG, says “I believe this is a renowned award that not only recognizes the efforts made by all of our employees, but also the great acceptance of our products and services among our customers. I want to express my most sincere gratitude to our staff, clients and investors, as they help Coguan grow stronger day by day”.
About Coguan Group AG & Coguan S.L.
Coguan Group AG, a spin-off company from the Universities of St Gallen and ETH Zurich, is the first online Ad Exchange in Spanish with a Freemium business model and an open marketplace, which connects ad networks, agencies, advertisers, and publishers. Coguan’s vision is to improve transparency, control and quality of Internet advertising for our customers. The purpose of our business model is to transform the Hispanic online advertising industry.
Coguan S.L. is a wholly owned Spanish subsidiary of Coguan Group AG.
For further information, please contact:
Coguan S. L.
T: +34 916160853
Email: info@coguan.com
Website: http://www.coguan.com
Blog: http://www.coguan.com/blog
Twitter: http://twitter.com/CoguanSL
