– Successful placement of the first part of mic IT AG’s capital raising
– Majority takeover of a mid-sized IT business planned
– mic IT AG’s focus on the mega-trend “Big Data”
Munich, 12.08.2014 – mic IT AG, a supplier of IT technology and solutions in the “Big Data” sector and a company that belongs to the listed company mic AG (ISIN: DE000A0KF6S5), succeeded in gaining new investors in a first closing. The volume of the capital raising is in the low single-digit millions.
A part of the proceeds will be used directly to finance the acquisition of a business and to prepare for a possible stock market listing. mic IT AG is currently negotiating the majority takeover of a long-standing medium-sized IT undertaking with great potential for synergy with mic IT AG’s Big Data business model. Following completion of the Second Closing, which is scheduled for October 2014, and the full placement of the anticipated capital raising, mic IT AG intends to list on the stock market as the first German “Big Data IT” business.
“The First Closing of the current round of finance is an important step on the path of expanding mic IT AG into a powerful and profitable business group in the ‘Big Data IT’ sector”, explains mic Chairperson Claus-Georg Müller. “Through its own organic growth as well as further majority takeovers of IT businesses already established on the market, the mic IT group should exhibit a critical mass of turnover and earning power and offer the advantages of a business group with excellent leadership and with synergy and cross-selling potential in the ‘Big Data’ sector. The huge interest shown by strategic investors inspires us in our goal of proceeding with preparations for the listing of mic IT AG”.
About mic IT AG:
The mic IT Group is a supplier of technology and solutions in the growth field of “Big Data” technology and applications for the optimising, analysis and processing of large amounts of data. mic IT AG is the parent company of a Big Data group, which holds majority interests in innovative, pioneering software and hardware enterprises and IT services businesses in this field of technology.
The big data solutions of the mic IT Group have already removed the limitations on the mass processing and real time analysis of data. The existing solutions and technology enable complex data bank applications, which previously took days, to be carried out within a few hours or even minutes. An extraordinary and unique position on the market has been created with the mic IT Group’s proprietary software solutions and the group now has an unmatched technological basis from which it can meet the sharply increasing demands in the Big Data sector both in terms of software and hardware and offer high performance systems.
The majority shareholder of mic IT AG is the listed investment company based in Munich, mic AG (stock exchange abbreviation: M3B, ISIN: DE000A0KF6S5).
About mic AG:
As a venture capitalist, Munich-based mic AG invests at an early stage in promising companies in the clean-tech, life sciences, microsystems, optics and software/IT sectors. With the help of its international network, the mic Group assists the companies in which it invests to position themselves rapidly and successfully and supports them in the search for investors to finance growth. mic AG has been listed in the Entry Standard segment of the Frankfurt Stock Exchange since October 2006 (Stock Exchange abbreviation: M3B, ISIN: DE000A0KF6S5). You can find more information about mic AG at www.mic-ag.eu.