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Quest for Growth invests €1.6 mln in Active Circle, a private storage software company

Press release
Thursday 24 July 2008

On July 18th, 2008, QUEST FOR GROWTH has made an investment of € 1.6 million as part of a total investment round of € 7 million in Active Circle. Active Circle is a private software company providing clustered file storage solutions. Active Circle is headquartered in France.

Active Circle has developed and markets an innovative software-based storage solution responding to the market need for storage of very large volumes of data. Data volumes are more than doubling each year and the storage market is shifting towards standardized components. Active Circle helps clients stay ahead of data growth while decreasing their total storage costs.

Active Circle is a clustered file storage system running on standard hardware, with integrated services for security and data lifecycle management. It natively protects data against loss or corruption and enables an optimized tiered storage architecture. Active Circle allows customers to move away from proprietary storage solutions while drastically simplifying their storage infrastructure and data management operations.

The current financing round was led by the French investor OTC Asset Management ( Apart from Quest for Growth, also initial investor Innovacom joined the round. Active Circle was advised by Aelios Finance. Katrin Geyskens will join Active Circle’s Board of Directors on behalf of Quest.

A more extensive corporate press release from Active Circle will follow in the coming weeks.

About Active Circle

Active Circle is an Independent Software Vendor, specializing in the design, development and marketing of the Active Circle™ Clustered File Storage system. Companies handling large data volumes can utilize Active Circle’s system to set up fully secure and scalable file archiving and storage infrastructures that optimize return on investment. Active Circle is marketed through a network of system integrators and OEMs.

For further information about Active Circle, visit


The Privak “QUEST FOR GROWTH” is a Pan-European investment company that invests in European technology-based growth companies in a broad range of industrial sectors such as information technology, semiconductors, telecommunications, software, electronics, biotechnology, medical devices, health-care and new materials. QUEST FOR GROWTH invests in quoted and unquoted companies.

QUEST FOR GROWTH is Belgium’s first Privak and is an investment company traded on the continuous market of Euronext Brussels. The Belgian Government created the legal and fiscal framework for the Privak as a tax transparent investment vehicle specially tailored to the needs of private equity.

The Privak “QUEST FOR GROWTH” is managed by Quest Management NV.

For further information: QUEST MANAGEMENT NV
Mr. René Avonts, Managing Director
Ms. Katrin Geyskens, Senior Investment Manager
Tel: +32 (0)16 28 41 28
Fax: +32 (0)16 28 41 29

Publisher Contact Information:

+32 (0)16 28 41 28

Company profile of Active Circle
Past press releases of Active Circle.


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