Themes & Channels
French Online Software Provider Steek (Formerly Agematis) Raises $8 Million
This is a Press Release edited by StorageNewsletter.com on Thu, July 3rd, 2008
In a second round led by AGF and Innovacom
This second round of financing follows a $4Million A round realized mid-2006 which enabled the Company to develop its technology and expand in Europe. In total, Steek has 1.5 million users of its online backup and storage services with more than 15 ISP and OEM partnerships.
“User Generated Content (UGC) is growing exponentially and this content needs to be saved and shared. We empower ISP to offer UGC-based services to their customers”, said Christophe Camborde, Steek CEO.
But increasingly users do not want to be tied to a their PCs or a fixed broadband connection.
“Steek will use the new investment along with its experience and expertise to deliver innovative new UGC-based services in a converged mobile/fixed environment. We also want to reinforce our presence in North America”, adds Camborde. "The Steek roadmap is full. The renewed confidence of our existing investor and the support from our new shareholder will support our ambitious plans for growth. We may also consider appropriate acquisitions.”
For Guillaume Lautour, Partner of AGF Private Equity: “The management team of Steek showed us the relevance of its business model, its strong experience, its ability to execute and its ongoing commitment to innovation. We are happy to provide additional means to quickly capitalize on the exponential development of the online storage market”.
Jacques Meheut, Innovacom VC General Manager and Partner commented: “We renew our confidence in the management of Steek whose vision of the online storage market has now been confirmed. We have the firm conviction that the strong position that Steek now holds will continue to develop over the time thanks to their drive towards multi-device convergence.”
Steek is headquartered in Bordeaux Bruges, France. The Sales Office and the permanent show room are located in Paris. The Company also has sales representation offices in London and Toronto. Steek already operates service plateforms in Bordeaux, Paris, Washington DC and Singapore.
Print this news
StorageNewsletter.com
This Web site, with all the daily news on the worldwide storage industry, is already filled each day at 4PM in Paris or 8AM in Chicago. You can subscribe to receive in the future an email with the most recent headlines.
_________________________________
_________________________________
Olympia, London, UK: October 15-16
_________________________________
SNW Europe 2008: October 27-29
Messe, Frankfurt, Germany
_________________________________
_________________________________
StorageNewsletter on paper
A monthly newsletter in English published since 1988
- for deeper analysis,
- exclusive interviews from CEOs
- report of biggest storage events
- technology trends
- company's profiles
- market reports
- and more
A tremendous resource for those involved in product development, planning, marketing and sales of storage devices, subsystems and software, from everything from mainframes to hand-held PCs
To get a free sample or to subscribe:
http://www.StorageNewsletter.info
COMPLETE STORAGE
START-UP DATABASE
StorageNewsletter.com is offering
a storage start-up database.
It contains more than 450 start-ups in the world, listed with the following data:
- company name,
- headquarters,
- web site,
- CEO,
- year founded,
- business activity,
- yearly financial funding since 2003
and total received.
It is possible to search by activity sectors (software, hardware, security, SSP, connectivity, fundamental technology, Infiniband).
Complete package for US$390
or less than one dollar a company.
To order this unique database
(in Excel format), please contact us
for an invoice by return mail.
COMPLETE DATABASE
OF MERGERS AND ACQUISITIONS
IN THE WW STORAGE
INDUSTRY
More than 600 mergers and acquisitions since 1998 listed, and for each one:
Who bought whom, when, at which price, and the activity of the
acquired company.
Complete package for $450.