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PINOVA Capital, an independent Munich-based private equity firm and BIP Investment Partners, a Luxembourg-based holding company, today announced the acquisition of Utimaco Safeware AG, a software and hardware security business, in a buyout transaction. Together with members of the management team, PINOVA and BIP acquired Utimaco in September 2013 from Sophos, a UK based Software Security company. Utimaco will continue its development as an independent company led by its CEO Malte Pollmann and CFO Frank Nellissen. Management will be supported by a newly appointed advisory board. The advisory board will be joined by Katrin Wehr-Seiter, Managing Director at BIP, and by Joern Pelzer, Partner at PINOVA.
“We are very excited about our new investor base. The diligent work...
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