PARIS, France – July 18, 2013 – QuantumWave Capital, a boutique investment bank specializing in the mobile internet, acted as exclusive financial advisor to Monoidics, a leading pioneer in code verification software, on the sale of its assets to Facebook, the world’s largest social network.
Based in London’s dynamic Silicon Roundabout technology hub, founded by a prominent team of computer science researchers coming out of leading UK universities, Monoidics has effectively solved one of the software industry’s most impenetrable problems, that of static code-analysis and formal verification. The Monoidics Infer platform, a static code-analysis platform for critical applications, applies precise mathematical algorithms to analyse and provide formal verification of code, substantiating the absence of run-time memory and resource-related errors, typically the most difficult-to-discover, high risk and expensive-to-resolve defects in a program.
This Facebook acquisition represents a significant strategic investment in the quality of the social network’s mobile applications, platform, and also people, as key members of Monoidics’ talented software engineering group will be joining the company’s London-based team.
About QuantumWave Capital
QuantumWave Capital is a technology, media and telecommunications (TMT) investment banking boutique specializing in the mobile internet.
The firm provides venture building and mergers and acquisitions investment banking services designed to accelerate innovation, reduce risk, and increase return on The Fifth Wave of computing, the mobile internet.
Headquartered in Paris, with offices in Palo Alto and Tel Aviv, QuantumWave Capital operates as a strategic pivot between Silicon Valley, the TMT sector leaders, and the growing collection of innovation hubs emerging around the world.
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