Fibrenetix Secures Financial Backing for Unknown Amount

Fibrenetix Group, storage solutions manufacturer, has recently partnered with CAPNOVA A/S, a VC 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 products and solutions for the surveillance and media and entertainment industries.

Finn Mogensen, investment manager, 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, 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, CA.

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 Mogensen.