Management and investor group take majority ownership of NovaStor companies

	Management and investor group take majority ownership

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.

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Posted: July 2, 2009 | By: Wissen Schwamm

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