Siemens Venture Capital (SVC) is the corporate venture organization for Siemens AG, one of the largest electronics and engineering corporations worldwide. Following the launch of Nokia Siemens Network, a joint venture between Siemens’ Communications division and Nokia’s Network Business group, Siemens decided to explore a sale of its portfolio of communications-related investments. Says Dr. Ralf Schnell, Managing Director of Siemens Venture Capital: “Following the launch of NSN, we focused our investment activities on growth segments in the energy, industry and healthcare sectors. By selling the SVC Communications Fund we managed to both generate liquidity and increase available management resources for new investments in our core investment areas.”