Winfried Althaus CEO, KGS Software GmbH: "We are very pleased to announce the entry of GENUI and would also like to thank our previous investor @Maxburg for the excellent cooperation over the last few years. With GENUI we have a new strong partner and an exciting network at our side with whom we will realize the next expansion stage of kgs. GENUI is an investment company founded by entrepreneurs for entrepreneurs that focuses on "good entrepreneurship" and makes investments in companies with the aim of creating sustainable growth and social value.
"The global market for archiving corporate information will grow steadily in the coming years," explains Boris Klenk from GENUI. The main drivers of this development are the growing volume of data and the legal requirements for data archiving. With its expertise and intelligent archiving solutions, kgs can help to store data efficiently, ecologically and compliantly. "This makes kgs an exciting company for us," adds Klenk.
What happens next?
The existing management team will continue to steer and drive the future development of kgs.Following completion of the transaction, GENUI entrepreneur @Klaus Weinmann will become Chairman of the Advisory Board of kgs. Weinmann founded Cancom and managed it for many years. He therefore has relevant experience in the scaling of IT companies. Dr. @Bernd-Michael Rumpf, former CEO of SAP Systems Integration AG and member of the extended Executive Board of SAP AG, will complete the Advisory Board.
