ownCloud, a Nürnberg, Germany-based provider an open source software for enterprise file access, secured millions in financing.
A group of investors, led by the Frankfurt entrepreneur Tobias Gerlinger, injected growth capital and has acquired a majority stake in ownCloud GmbH.
The company will use the capital to continue to develop its solution for enterprise file sync & share.
Led by new CEO Tobias Gerlinger, COO and founder Holger Dyroff, ownCloud provides enterprise Universal File Access platform, which gives IT the visibility and control required to manage sensitive data, preserve business processes and integrate with existing compliant infrastructures while offering users a modern collaboration experience.
In conjunction with the funding, Markus Rex, who was also involved in ownCloud as a start-up, is retiring from active management, but will continue to be contribute by taking a seat on the Advisory Board.