PRINT THIS PAGE US Summit Partners quadruples money on technology exit11/06/2004. Source: AltAssets. 
 US-based venture capital firm Summit Partners has almost quadrupled its money after selling its investment in Jamba, a German wireless content services provider, in one of Europe's largest venture capital exits of the year.
Summit Partners has sold its majority stake in the company to Verisign, a Nasdaq-listed technology company, for $273m.
Jamba supplies the global market for personal mobile telephone content, offering a library of over 50,000 graphics, ring-tones and games to European mobile phone users. The company has customers in nine European countries.
Summit Partners currently manages in excess of $5bn. The firm is based in the US but runs its European operations from an office in London. Its other European portfolio companies include B&W, a UK-manufacturer of hi-end loud speakers.
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