The Company
Unique Product Offering
Red Five Labs is a venture capital financed software start-up based
in South Africa's business capital Johannesburg. The company offers a
unique, leading edge mobile software platform that brings the world of
.NET technologies to the leading mobile phone operating system, Symbian
OS.
History
Founded in 2005, the company draws on the experience of its founders
which overlaps ARM processor architecture, just-in-time compiler
technology, the entire gamut of the .NET framework as well as the
Symbian OS.
Venture Capital Investment
In recognition of the product innovation undertaken by Red Five Labs
and the potential of the technology, the company secured first round
investments from one of South Africa's premier Venture Capital
companies, HBD Venture Capital in November 2005. The Innovation Fund, a
governmental source of R&D funding, has also funded the development
of the technology.
Culture
We are a radically entrepreneurial organisation. Raw product
innovation and envelope pushing development makes for exciting,
passionate discussions in the workplace. The team is highly skilled and
equally motivated.
Mission
Our mission is to create a globally recognised mobile development
platform that enables software developers, enterprise clients, mobile
phone manufactures and mobile network operators to continue with
unprecedented product innovation in the mobile software space.
Board Directors
Dušan Babich (CEO)
Dušan
is co-founder and Chief Executive Officer of Red Five Labs. He studied
at the University of the Witwatersrand in Johannesburg, where he
obtained a mechanical engineering degree. In 2005 he was selected as
one of the "Class Of" Endeavor Entrepreneurs.
Mike Welham (CTO)
Mike is co-founder and Chief Technology Officer of Red Five Labs. He
holds an electrical engineering degree from the University of Cape Town
and was also selected as one of the 2005 "Class Of" Endeavor Entrepreneurs.
John Field (Non-executive)
John is Chairman of Red Five Labs. He is the Chief Executive Officer
of Anglo Dutch Holdings (Pty) Ltd (FedGroup), one of Red Five Labs'
investors.
Grant Field (Non-executive)
Grant is Group Development Manager at Anglo Dutch Holdings.
Investor Information
Red Five Labs was founded and venture capital financed in November 2005.
At present Red Five Labs has as its primary investment partner the Anglo Dutch Holdings company. Anglo
Dutch Holdings Pty Ltd (FedGroup) is a privately held investment
holding company which invested in the company in May 2007.
Previous investors in the company include HBD Venture Capital and The Innovation Fund.
HBD is a Mark Shuttleworth
company and is one of South Africa's premier software technology
related venture capital organisations.
The Innovation Fund invests in near-market,
technological innovations that lead to the establishment of
commercially viable startups. The Innovation Fund invested in Red Five
Labs in March of 2006.