Management and investor group take majority ownership of NovaStor companies

July 2nd, 2009 by admin Leave a reply »

Novavisions will remain an important minority shareholder.

Simi Valley / USA, 2 July 2009

The day before yesterday, NovaStor’s management and a group of investors signed an agreement to take majority ownership of all NovaStor companies from Novavisions AG.

Within the framework of the transaction, the management team will take majority ownership of all NovaStor companies together with an investor group. Novavisions will remain an important minority shareholder. The acquisition of majority ownership underlines that the management team as well as all involved investors believe that NovaStor is extremely well positioned in the global data protection market and has a bright future. The transaction is not expected to result in any strategic changes.

Under the direction of Stefan Utzinger (CEO) and Mike Andrews (Managing Director USA), the companies’ strengths will be built on and market opportunities identified and seized even more quickly.  Quality and reliability remain the key focus of any further development. At the same time, NovaStor intends to continue to distinguish itself from competition by maintaining its excellent personal service.

About Novastor

NovaStor is a leading international provider of software solutions for data protection and availability. NovaStor provides software, SaaS solutions and services for local and online backup, restore and retention of business-critical data. Clients include home, mobile, and SMB users, service providers as well as international corporates. NovaStor’s cost-effective solutions are platform- and hardware-independent and ensure that optimal technological and economical use is gained from the customer’s existing and future IT environment. NovaStor is headquartered in Switzerland (Rotkreuz), has offices in Germany (Hamburg) and the USA (Simi Valley), and is represented in numerous other countries through partnerships.

NovaStor

Mike Andrews

80-B West Cochran Street

Simi Valley, CA 93065, USA

Tel.: +1 805 579 6700

Fax: +1 805 579 6710

E-Mail: mike.andrews@novastor.com

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