IT fledgling Zyb gains multimillion investment  

2006.10.18
Danish IT company Zyb has raised a multimillion investment from Nordic Venture Partners, a leading pan-Nordic venture capital firm focusing on the ICT industry
Danish IT company Zyb has raised a multimillion investment from Nordic Venture Partners, a leading pan-Nordic venture capital firm focusing on the ICT industry. Zyb offers a free service on the internet that enables mobile phone users to make backups of important data on the net such as contacts and calendar, and also to share this data with others.
 
Runar Reistrup, head of communications at Zyb says: "The money will enable us to recruit additional staff that we would like to have on board. We will also be moving into new premises, and our boss, Tommy Ahlers, can concentrate fully on building partnerships outside Europe."
 
Up to now about 2.2 million contacts have been uploaded to Zyb, corresponding to around 27,000 users. Henrik Albertsen, managing general partner of Nordic Venture Partners, comments: “We see a great potential market for mobile backup and management services. People have vast amounts of vital personal data stored on their mobiles and as the volume of data increases, they are getting more and more concerned about losing it.”
 
Zyb was founded in 2005 by three Copenhagen based entrepreneurs: Tommy Ahlers, Ole Kristensen and Morten Lund. The firm is based in Greve, south of Copenhagen. The news was reported by Computerworld.
 
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