Minicom Spins off DS Division with $6 Million Investment

Minicom has spun-off its DS division into a separate minicom-0410company — called MDS for Minicom Digital Signage — and says they have  raised $6 million to finance its operations independently. The investment, which was led by Jerusalem Venture Partners and joined by Aviv Ventures, will supposedly be used to broaden its platform from its new offices in Jerusalem’s JVP Media Quarter.

MDS claims its technology is currently deployed on over 400,000 screens worldwide, and facilitates the distribution of content to consumers in retail, education, finance, transportation, and hospitality environments. In addition to the company’s headquarters in Israel, MDS has offices in the UK, Switzerland, and the U.S. in order to meet the localized needs of its customers.

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