QSC AG, a German provider of ICT solutions for medium-sized businesses, took over 51% of the shares in FTAPI Software GmbH, a Munich, Germany-based company that specializes in encrypted data exchange between business customers.
Founded in 2010 by Stephan Niedermeier and Daniel Niesler, who will remain shareholders and continue to develop FTAPI for QSC in the next years, the company provides high-security transfer and storage of confidential company data.
It allows files to be transferred and stored at different security levels, from an SSL download link to an end-to-end encryption. The features can be integrated in existing CRM and ERP systems like SAP and Salesforce as well as in e-mail solutions like Outlook. FTAPI has also developed branch-specific solutions, for example for transport, manufacturing, trade, media and finance.
Customers include Hochland Group, MAN Roland and SSI Schaefer.
QSC bought the main part of their shares from High-Tech Gruenderfonds as well as from Bayern Kapital and Gebrueder Mende GmbH.
29/02/2012: FTAPI Software Raises High 6-Figure Funding