Mendor
Encyclopedia
Mendor is a next generation diabetes technology company from Helsinki
Helsinki
Helsinki is the capital and largest city in Finland. It is in the region of Uusimaa, located in southern Finland, on the shore of the Gulf of Finland, an arm of the Baltic Sea. The population of the city of Helsinki is , making it by far the most populous municipality in Finland. Helsinki is...

, Finland
Finland
Finland , officially the Republic of Finland, is a Nordic country situated in the Fennoscandian region of Northern Europe. It is bordered by Sweden in the west, Norway in the north and Russia in the east, while Estonia lies to its south across the Gulf of Finland.Around 5.4 million people reside...

.

Mendor was founded by Jukka Planman, Tuomas Planman
Tuomas Planman
Tuomas Planman is the keyboardist for the Finnish Melodic death metal band Norther; he also played in the black metal band Gramary.-Personal information:*Date of Birth: 17 March, 1980*From: Espoo, Finland*Instrument: Keyboards...

 and Kristian Ranta
Kristian Ranta
Kristian Ranta, also known as Kride, is the guitarist of the Finnish melodic metal band Norther - best known for their single Released, which entered the Finnish "Top 5". Kristian has composed most of Norther's best known songs including Frozen Angel as well as come up with the name of the band...

 - currently also the CEO of Mendor - .

Mendor Board of Directors includes people such as: Chairman Matti Vaheri (former president of Orion Diagnostica and Senior Vice President at Orion Corporation
Orion Corporation
Orion Corporation, founded in 1917 and headquartered at Espoo, Finland, is a Finnish company, which develops, manufactures and markets pharmaceuticals, active pharmaceutical ingredients and diagnostic tests for global markets...

).

The company is currently selling its products (Discreet and Balance); a discreet glucose meter
Glucose meter
A glucose meter is a medical device for determining the approximate concentration of glucose in the blood. It is a key element of home blood glucose monitoring by people with diabetes mellitus or hypoglycemia...

 and an online software application for measurement data analysis, in European Union region.

Mendor Discreet has been referred to as the iPhone of glucose meters. Diabetes Mine reviewed a pre-release model of their Portable All-In-One Glucose meter and gave it "high marks on form factor and user-friendliness," adding that "but there are limits to the innovation here".. Just recently Mendor Discreet blood glucose meter was reviewed at Health Central by long time Diabetes industry professional - David Mendosa http://www.mendosa.com/ with great feedback.
Tech Tour, a European wide, independent non-profit organization committed to the development of emerging technology companies, recently selected Mendor as one of the top 30 most promising high growth Nordic technology companies.
Mendor was also granted the Innosuomi / Uusimaa award in 2010 .

Mendor products are currently available in the European Union and Mendor is planning to do a product launch in the US during 2011.

Mendor headquarter is located in the business district of Keilaniemi
Keilaniemi
Keilaniemi is a district in the south-eastern part of Espoo, Finland. Keilaniemi is bordered by the university district of Otaniemi to the north, the commercial/residential district of Tapiola to the west, the Keilalahti bay separating Espoo and Helsinki to the east, and the Gulf of Finland to the...

 in Espoo
Espoo
Espoo is the second largest city and municipality in Finland. The population of the city of Espoo is . It is part of the Helsinki Metropolitan Area along with the cities of Helsinki, Vantaa, and Kauniainen. Espoo shares its eastern border with Helsinki and Vantaa, while enclosing Kauniainen....

, Finland
Finland
Finland , officially the Republic of Finland, is a Nordic country situated in the Fennoscandian region of Northern Europe. It is bordered by Sweden in the west, Norway in the north and Russia in the east, while Estonia lies to its south across the Gulf of Finland.Around 5.4 million people reside...

.

Mendor is a portfolio company of Finnish early stage venture capital fund - Veraventure and was recently voted as the most attractive company for venture capital investment among all the Finnish start-up companies.

History

After a successful entry in a national business plan competition, Venture Cup
Venture Cup
Venture Cup is a type of a Scandinavian business plan competition in which entrepreneurs with unique business ideas compete for investment capital....

, the core team decided to found the company in December 2005. User driven product development was started immediately and also several patent applications got filed during the next months. After some time a well known Finnish diabetes professional and researcher, Doctor Antti Virkamäki joined the Mendor team adding significant clinical experience.

A well known Finnish business executive, Mr Olli Riikkala is an advisor to the board of directors at Mendor. Olli was formerly the CEO of Instrumentarium when it was acquired by GE Healthcare
GE Healthcare
GE Healthcare is a division of GE Technology Infrastructure, which is itself a division of General Electric . It employs more than 46,000 people worldwide and is headquartered in Little Chalfont, Buckinghamshire, United Kingdom. GE Healthcare is the first GE business segment to be headquartered...

in one of the largest acquisitions of 2002.
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