Private equity firm 1188 Investimentos acquires minority stake in HANZO

Investment will accelerate company’s growth and help evolve company’s Platform for next generation mobile technology.

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Sao Paulo (PRWEB) November 29, 2012

The private equity firm 1188 Investimentos has acquired a minority stake in HANZO, a leading Brazilian mobile marketing and mobile media company.

1188 Investimentos specializes in digital enterprises: communication companies with a strong technology background. Ricardo Carelli, managing partner of 1188 Investimentos, will take a seat on the company's board.

“We are enthusiastic about the deal”, says HANZO CEO Federico Pisani Massamormile. “This investment will help HANZO strengthen sales force, extend HANZO´s Proprietary Platform beyond SMS to embrace smart phones and accelerate growth”.

Pisani expects to triple revenues in the next two years by growing both organically and through acquisitions.