Telefónica Germany NEXT GmbH acquired Minodes GmbH from Project A Ventures GmbH & Co. KG, Berlin Technologie Holding GmbH and others for €9 million on May 4, 2017. Minodes will operates as a wholly-owned subsidiary of Telefónica NEXT while its applications will be integrated into the data security framework of Telefónica Deutschland Holding AG (DB : O2D), the parent of Telefónica NEXT. Minodes co-founder, Alexander Köth and the employees will remain at Minodes GmbH while the other co-founder Tim Wegner will remain committed to Minodes as an advisor but had recently left the company. Alexander Köth will remain on board as managing director. Steffen Eube of BDO LLP acted as a financial due diligence provider to Telefónica Germany NEXT GmbH. Telefónica Germany NEXT GmbH completed the acquisition of Minodes GmbH from Project A Ventures GmbH & Co. KG, Berlin Technologie Holding GmbH and others on May 4, 2017.