HELSINKI, February 24, 2011 /PRNewswire/ -- Well known Finnish entrepreneur and investor Risto Siilasmaa joins the board of directors of Mendor, a company committed to the design, development and marketing of advanced diabetes management products.
"Mendor is an entrepreneurial company with unique difficult-to-copy solutions to one of the most damaging and fast growing problems of the modern society. Mendor's world changing go-get attitude coupled with its strong and proven technology attracted me to decide to support the company on its journey to improve the lives of millions," says Risto Siilasmaa.
Mendor's first product, a blood glucose meter named Discreet(TM), has received high praise from clinicians and diabetologists all over the world. The meter contains all the necessary components for daily blood glucose measurements: meter, strips and lancing device in an integrated, all-in-one device the size of a cell phone. Mendor Discreet(TM) is designed to simplify the lives of people with diabetes who regularly test their blood glucose levels.
CEO and Co-Founder of Mendor, Kristian Ranta commented on Mr. Siilasmaa joining the board: "We are delighted to have Risto Siilasmaa join our board of directors. Risto will significantly strengthen Mendor and help us face the exiting challenges of a fast growing company."
Mendor was recently rated as the most attractive company for venture capital investment in Finland by Enterprise Finland Venture Forum (http://www.efvf.fi).
In 2010 Mendor was selected among the top 30 growth companies in the Nordic region by European Tech Tour (http://www.techtour.com).
Risto Siilasmaa is the founder of F-Secure Corporation. He served as the President and CEO of the company between 1988-2006. He is the Chairman of the Board of Directors of F-Secure (since 2006), Elisa Corporation (since 2008) and Fruugo Inc. (since 2007). He is a member of the Boards of Directors of Nokia Corporation (Chairman of the Audit Committee), Blyk Ltd, Ekahau Inc. and Efecte Corporation. He has received numerous awards, including Chairman of the Year in the Nordic Countries 2010, The Most Influential IT Leader 2007 and The Leader of the Decade 2003.
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Public contact: Email: info@mendor.com, Fax: +358-207-818-155, Phone: +358-45-321-8693 (Finland)
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