3i Group has led a private equity financing for Popsystems, a Finnish mobile communications vendor.

Following the investment, 3i will hold a 20% stake in the company. Kimmo Korpela, the investment manager of 3i Finland, said: &quotThe mobile internet market and the need for scaleable and reliable group communications solutions are increasing rapidly. In 3i, we consider that Popsystems holds the keys to enable the true group information management and communication patterns in the mobile world.&quot