Management and Investor Group Take Majority Ownership of Novastor Companies

Simi Valley, CA (PressExposure) July 03, 2009 -- NovaStor’s management has joined a group of investors to assume majority ownership of all NovaStor companies from Novavisions AG.

Within the framework of the transaction, the management team will share majority ownership of all NovaStor companies with an investor group. Novavisions will remain an important minority shareholder.

This management and investor acquisition of majority ownership underscores a belief that NovaStor has a bright future and is well-positioned in the global market for data protection [].

No strategic changes are planned as a result of the transaction. Under the direction of Stefan Utzinger, CEO, and Mike Andrews, Managing Director USA, the company’s strengths will be further enhanced, and market opportunities will be identified and targeted faster.

Quality and reliability remain the key focus of any further development. At the same time, NovaStor intends to continue to distinguish itself from competition by maintaining its excellent personal service.

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Contact: Mike Andrews NovaStor 80-B West Cochran Street Simi Valley, CA 93065, USA Tel.: +1 805 579 6700 Fax: +1 805 579 6710

About NovaStor

NovaStor is a leading international provider of software solutions for data backup [] and data protection. NovaStor develops software, SaaS solutions and services for local and online backup, restore and retention of business-critical data. Clients include home, mobile, and SMB users, service providers as well as international corporates. NovaStor's cost-effective solutions are platform- and hardware-independent and ensure that optimal technological and economical use is gained from the customer's existing and future IT environment. NovaStor is headquartered in Switzerland (Rotkreuz), has offices in Germany (Hamburg) and the USA (Simi Valley), and is represented in numerous other countries through partnerships.

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Press Release Submitted On: July 03, 2009 at 2:51 am
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