Insight Capital Partners, Telenor Venture and Anders Wilhelmsen AS were the largest investors.
[1] The company's single product was the triple band MagCom cellular phone, on sale from April 2001.
Although several software updates were released, sales remained low, resulting in financial problems for the company.
Even releasing information about an upcoming new and improved model failed to help the company secure additional financial support.
[3] The company was from then on named Q-Free MagCom, and continued as a separate entity for around a year, after which the production of phones ceased.