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Genii Capital, S.A. announced that it has sold SecureIT S.A., the leading Luxembourg based Multi-Tier Datacenter service provider, to a US Real Estate Fund Manager. Genii Capital acted as exclusive financial advisor to SecureIT on the transaction. Genii Capital principals funded and initiated the SecureIT venture in 2003 on the back of the acquisition of a datacenter building to be developed. The company remained solely funded by Genii Capital until its sale.
“When we acquired the building that would then become SecureIT's first datacenter, we inherited of a mini datacenter and a few racks. We had no idea this small operation would become so successful…” said Eric Lux, CEO of Genii Capital. “However, we knew there was a niche for us to position a specific offering in...
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