HomeAustriaAustria, Software Provider nxtControl Raises €2M

Austria, Software Provider nxtControl Raises €2M


nxtControl GmbH, a provider of control software for the engineering of distributed systems based on the IEC-61499, raised €2m in a funding round led by Tecnet Equity Technologiebeteiligungs-Invest AG, the investment fund of the federal state of Lower Austria.
As stated by Horst Mayer, CEO of Leobersdorf-based nxtControl, the investment represents the basic prerequisite for the international expansion of the company.