Highwinds to Dramatically Expand its European Presence
WINTER PARK, Fla. – Sept. 3, 2008 – Highwinds Network Group, Inc., a multi-platform IP services and content distribution provider, today announced that it has closed a round of equity financing from European Founders Fund, recognized for their prestigious investments and first-rate local network in Europe. The new investment round – which follows on the heels of a $55 million investment Highwinds announced earlier this year to support their network infrastructure build-out – is specifically slated for strategic expansion in Europe.
“Highwinds has impressed us with their technological leadership, forward-thinking ideas and ambitious plans for rapidly expanding global market share,” said Oliver Samwer, a partner of European Founders Fund. “Because we invest in entrepreneurs, not just ideas or companies, we are always looking for people in the market who are capable of doing great things. Highwinds’ executive team certainly fits the bill, and we are pleased to add Highwinds to our investment portfolio and support the Highwinds team with our network and experience.”
European Founders Fund, based in Germany, is focused on early- and later-stage investments in young technology companies, especially with an Internet or wireless focus. The Samwer brothers’ and European Founders Fund’s distinguished portfolio has included such well-known European and global brands as Alando (which was sold to eBay), LinkedIn, Jamba!, Facebook, HomeAway, and many more.
“Since Highwinds is already a highly profitable and well-capitalized business, the investment is purely strategic as we position Highwinds to establish a greater foothold in Europe. We are pleased to be working with European Founders Fund and excited about their support through their local expertise and broad network,” said Steve Miller, president and CEO of Highwinds.
Highwinds already has the network infrastructure in place to support major growth in Europe. As part of its high-performance RollingThunder™ network, Highwinds maintains data centers in several European cities, including Brussels, Frankfurt, London, Paris and Amsterdam, where it has a single 80G connection on the Amsterdam Peering Exchange. Highwinds is currently working with notable European customers, including multimedia giant Technicolor by Thomson. The investment by European Founders Fund further positions Highwinds for European success.
About Highwinds Network Group, Inc.
Highwinds is a leader in multi-platform IP services, file replication, and content delivery software and services. Since 2002, Highwinds has provided for the advancement of a variety of technologies – including messaging bus architecture, network management, distributed file systems and content routing methods. The Highwinds CDN leverages the company’s high-performance RollingThunder™ network and user-friendly StrikeTracker™ media manager and reporting dashboard to globally deliver content, videos, live events and other media. It sets the pace among content delivery networks by offering advantages in data center peering, real-time analytics, instant account provisioning, complete content control and massive scalability. Highwinds is headquartered in Winter Park, Fla., and maintains 23 data centers throughout North America and Europe. For more information, please visit www.highwinds.com.
RollingThunder and StrikeTracker are trademarks of Highwinds Network Group, Inc.