Main Capital II Acquired “Substantial” Minority Share in Iaso

Main Capital II has acquired a substantial minority share in IASO Backup Technology, the Dutch market leader in online backup software. This growth capital injection of Main Capital enables IASO to roll out its online backup solutions internationally.

Main Capital II is a private equity investment fund with a dedicated focus on the Media, Leisure & Technology segments and has expertise in ‘later stage’ growth capital and small management buy-outs.

Main Capital has invested in Dutch Filmworks (multimedia publisher), iRex Technologies (eReader technology), Actuera (software and IT services for pension funds and insurers), Sharewire (mobile software development for iPhone/BlackBerry) and Zetacom (VOIP data communication systems).
 
With this participation, Main Capital is anticipating on the fast growing market of online backup services. Storage of digital data today grows faster than ever, stimulated by the increasing capacity and lower costs of network connections and storage media. The value of the data is immense and often priceless (e.g. photos, films and corporate data).
 
With Main Capital, the company gets an entrepreneurial investor on board. Main will help and advise management where possible in order to realise the further growth of the company and therefore will receive a board seat.

Rob Verbeek said about IASO and the collaboration with Main: "This capital injection comes at the perfect moment. For the past one and half years we have worked hard on improving our software and making the company ready for the next growth stage. The participation of Main Capital in our company provides us with the opportunity to further invest in growth; this will be mainly abroad due to our already dominant market share within the Netherlands."

Charly Zwemstra, Managing Partner of Main Capital, said: "We believe now is an excellent time to invest after the relative conservative investment years 2008 and 2009. By investing now, we are anticipating on the trend of strong growth in online backup services. The company has a proven to be a front runner in this market. With a scalable business model as basis we will focus on further internalization in coming years."