Thomas-Krenn Receives Majority Investment from Ventizz Capital; Acquires Xortex

Thomas-Krenn AG, a Freyung near Passau, Germany-based developer of server technology and hosting services, has received a majority investment of undisclosed amount from Ventizz Capital Fund IV L.P.

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.



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