ECOS Venture Capital Beteiligungs AG, S-UBG Bayern Gesellschaft fur Unternehmensbeteiligungen AG; Market Consolidation and ``Buy and Build'' Strategies For Bioinformatics.VIENNA, Austria & Munich, Germany -- After a private equity syndicate, including the lead investors ECOS ECOS Environmental Council of States ECOS Embedded Cygnus Operating System ECOS European Environmental Citizens' Organisation for Standardisation ECOS Commission for Economic and Social Policy ECOS Eastern Canada Orchid Society ECOS Evolving Connectionist System and S-UBG Bayer, invested a total of EUR EUR In currencies, this is the abbreviation for the Euro. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 2.25 million in Biomax Informatics AG Biomax Informatics is a Munich-based software company specializing in research software for bioinformatics. Biomax was founded in 1997 and has its roots in the Munich Information Center for Protein Sequences (MIPS). (www.biomax.com) in the fall of last year, the company, together with the investors, intends to press ahead with further expansion of the business model. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. statements made by Hans-Juergen Schmitz, Director of ECOS, Biomax has developed according to plan in the last business year. Biomax was able to enlarge TO ENLARGE. To extend; as, to enlarge a rule to plead, is to extend the time during which a defendant may plead. To enlarge, means also to set at liberty; as, the prisoner was enlarged on giving bail. its customer base with IT solutions for systematic searches of biological and genetic information and is one of the largest bioinformatics providers in Europe. "Presently, the provider side of the European bioinformatics market is characterized by a few large companies such as Biomax, as well as a multitude of smaller providers and university spin-offs which employ up to 20 people and have an annual revenue of less than EUR 1 million," commented Frank Zimmermann, the responsible S-UBG investment manager. Hans-Juergen Schmitz, Director of ECOS, added, "The current development in the bioinformatics market opens new synergies and opportunities for Biomax within the frame of a 'buy and build' strategy. Thus, we will enable Biomax to play a leading role in the necessary consolidation of the bioinformatics industry in Europe." EOCS EOCS Senior Chief Equipment Operator (Naval Rating) EOCS Equipment Operator Senior Chief EOCS Senior Chief Engineering Aide (Naval Rating) EOCS End of Contract Support Venture Capital Beteiligungs AG - www.ecosventure.com ECOS is a well established venture capital company in the German-speaking area and one of the leading venture capital technology funds in Austria. Since foundation in 1999, ECOS has specialized in high-tech investments at early and expansion stages. ECOS has more than 20 years experience in the venture capital and private equity industry. ECOS focuses on information technologies and software as well as the medical devices industries. Eudaptics, TIANI Medgraph, r.z.w. cimdata, Logim and Life Optics are some of the investments made to date. S-UBG Bayern Gesellschaft fur Unternehmensbeteiligungen AG - www.s-ubg-bayern.de S-UBG Bayern was founded in 2002 by 18 Bavarian savings banks savings bank, financial institution that, until recently, performed only the following functions: receiving savings deposits of individuals, investing them, and providing a modest return to its depositors in the form of interest. and the Sparkassenverband Bayern as a venture capital company for mid-sized businesses. S-UBG Bayern offers mid-sized businesses in Bavaria both mezzanine investment products and open investments to joint company capital. Growth financing and succession financing are preferred. |
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