With a team led by Dr. Jörg aus der Fünten, Heuking Kühn Lüer Wojtek advised Iris Capital on its investment in Open-Xchange, a German provider of open source e-mail, productivity, and software solutions. Iris Capital invested 21 million euros jointly with eCAPITAL and other investors. The capital will be used by Open-Xchange to expand in North and Latin America and Asia. In addition, the software company intends to add employees, further expanding the areas of development, engineering, and technical support.
Open-Xchange's customers include hosting providers and telecommunications companies such as 1&1, GoDaddy, Rackspace, and Vodafone. The software company offers service providers and telecommunications providers solutions to protect their users’ privacy and security.
Iris Capital is a European venture capital company specializing in the digital economy. The investment company has offices in Paris, Berlin, San Francisco, Tel Aviv, Dubai, and Tokyo and invests in companies in different growth phases, from start-ups to late stage and growth players.
Nuremberg-headquartered Open-Xchange was founded in 2005. Its major shareholders include United Internet Investments Holding GmbH, eCAPITAL entrepreneurial Partners AG, and BayBG Bayerische Beteiligungsgesellschaft mbH. Over the past ten years, Open-Xchange has posted average annual sales growth of 45%.
Counsel to Iris Capital
Heuking Kühn Lüer Wojtek:
Dr. Jörg aus der Fünten (Private Equity/Venture Capital, Lead),
Dr. Sascha Schewiola (Employment),
Dr. Lutz Martin Keppeler (IP/IT), all Cologne