The fund acquired its stake from company founders Thomas Krenn and Max Wittenzellner and from BayBG. Following the investment, both founders and the management team will remain with Thomas-Krenn.
The company plans to use the proceeds to continue to grow and expand into new markets. It has acquired Austrian Xortex eBusiness GmbH, a provider of online shops, marketing and hosting services.
Founded in 2002, and led by CEO Christoph Maier, Thomas-Krenn offers HA-clusters and storage and system solutions as well as virtualization technology, high availability solutions and project consulting, serving leading suppliers across Europe.