Nordic Venture Partners made a million Euro investment in ZYB, an online mobile backup and sharing service. Henrik Albertson, Managing General Partner in Nordic sees a large market for the technology.

"We only invest in companies that we believe can be commercialised on an international scale. ZYB has positioned itself globally as the preferred mobile backup service by catering to the users needs with a brilliant user interface and in a way superior to all other similar services", says Albertsen.

Web Apps for the mobile market will continue to roll our over the next decade as the devices become increasingly woven into commercial exchanges. Security of data, however, remains one of the weaknesses of these type of services. Recently, Canadian research universities decided to pull data off U.S. based services because the security of that data could not be guaranteed by the hosts due to the "Patriot Act's" overarching access to computer transactions.