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Fibrenetix, Leading Storage Solutions Manufacturer, Secures Financial Backing from Major VC Firm CAPNOVA

Proven success of leading storage manufacturer Fibrenetix secures backing from major venture capital firm CAPNOVA

ROSKILDE, Denmark, June 27, 2014-- Fibrenetix, a leading storage solutions manufacturer, has recently partnered with CAPNOVA, a well established venture capital firm in Denmark. The partnership enables Fibrenetix to continue to expand in the global market by hiring additional resources in Europe, the Middle East and the Americas. Fibrenetix will continue to develop innovating products and solutions for the surveillance and media & entertainment industries.

Finn Mogensen, Investment Manager at CAPNOVA, joins the new Board of Directors at Fibrenetix, as Chairman. Finn commented; “CAPNOVA reviewed the Fibrenetix business over the last twenty years and we were excited with the progress. This company already has a solid business model and a stellar reputation in both the industries they serve. Fibrenetix scalable product architecture with integrated RAID capability hits a sweet spot in the global video storage market. This combined with the high standard of quality their products deliver, makes Fibrenetix a natural fit for the CAPNOVA portfolio.”

“Our partnership with Finn Mogensen and CAPNOVA is extremely positive for the growth of our business.” said Jes Nagel, CEO and Founder of Fibrenetix. “With CAPNOVA’s financial backing, the company has the opportunity to grow exponentially all around the world. We have already taken big strides since our partnership began and additional plans are underway.”

Since partnering with CAPNOVA, Fibrenetix has appointed an Americas channel sales company, Fibrenetix Americas, and streamlined operations in the Americas, with representation in Los Angeles, California. A new 16Gbit product, the E8 Plus, has been launched, which complements the existing E8 product line and a new website has been launched.

“I have great faith in Fibrenetix and I am excited to be an integral part of the company’s growth.” added Finn Mogensen.

About Fibrenetix

Fibrenetix is a world-class storage solution provider. Over the past 20 years, Fibrenetix has developed a reputation for high-performance, cost-effective RAID storage technology. The company’s state of the arts products, with storage capacity ranging from 4 Terabytes to 144 Terabytes in a single enclosure, are recognized around the globe. Learn more at http://www.fibrenetix.com

About CAPNOVA

CAPNOVA contributes to turning the ideas of innovative entrepreneurs into successful businesses by investing governmental, regional and own venture capital. CAPNOVA also offers expert advice and efficiently tackles specific challenges together with the businesses, including assisting in fundraising to facilitate the portfolio companies' and other companies' access to the development funds of Danish and international foundations. Learn more at http://capnova.dk/


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