A syndicate including Scottish Equity Partners (SEP), Celtic House Venture Partners (CHVP) and GIMV have provided VirtenSys Ltd with $12m of first round funding. VirtenSys is a leading developer in the emerging and fast growing PCI Express IO virtualization market. VirtenSys, a fabless semiconductor company, provides critical IO virtualization solutions to the data centers, storage and networking infrastructure markets.
This is the first divestment made by Nazca IV, a €275m vehicle raised by the GP in 2016
With the latest acquisition, IT Relation will add cybersecurity as its fourth business area, alongside cloud services, business consultancy and professional services
Industrial energy efficiency equipment producer sold its Poland-based operations in April 2020
Horizon bought a majority stake in Timico in 2016 via a deal valuing the company at more than £50m