Milestone Venture Capital backs protected-networks.com
Milestone Venture Capital has joined existing investor High-Tech Gründerfonds by backing German online company protected-networks.com with an investment thought to be worth between €1-10m.
The capital will be used for further development of the national and international sales and client support structure. According to the investor, the company is looking to expand into European and Asian markets and also further develop its product 8MAN.
The Berlin-based company was founded in 2009 and is a provider of integrated solutions for access rights management and optimises software across the processes involving access privileges for data and files on the servers. Current clients who use the company's software solutions are Atotech Deutschland GmbH, Nuremberg airport, Justus Liebig Universty in Giessen and the Ostalbkreis rural district office.
The unquote" team is currently researching this transaction. In-depth deal information for subscribers will follow shortly.
If you have any information regarding this transaction, please contact Diana Petrowicz on +44 20 7004 7505 or diana.petrowicz@incisivemedia.com
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