Genii Capital sells SecureIT

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 Luxembourg. There was initial demand from new players like Skype who were considering the setting-up of part of their infrastructure in Luxembourg. As entrepreneurs, we understood their specific needs. That was the beginning of the story”.

Genii Capital was appointed exclusive financial advisor to SecureIT and managed the whole process culminating in this transaction.

“We are delighted to have helped SecureIT embark on the next part of their incredible journey by expanding Colony Capital's European Datacenter platform expertise, footprint and capabilities. Long term relationships with category leaders is a fundamental part of Genii Capital’s strategy and it is great to have worked with the team from the initial financing in 2003 to this landmark transaction”, said Genii Capital's Managing Director Jerome Wittamer.

This transaction underlines Genii Capital’s capabilities in the growing cloud and datacenter industry.