Afinum Achte Beteiligungsgesellschaft mbH & Co. KG, advised by Afinum Management GmbH, acquired 100% of FAST LTA AG („FAST LTA“). Together with the existing management team, Afinum pursues to drive further growth by continued penetration of the company’s core markets, expansion of the geographical footprint, and roll-out of adjacent product segments while maintaining the existing long-term client relationships.
FAST LTA (www.fast-lta.de) provides certified solutions to archive data securely for the long-term, helping organizations to simplify archiving, mitigate long-term risk of data loss, ensure high accessibility of archived data, and fulfil regulatory requirements. The company’s solutions combine highly integrated software and hardware components with a first-class, long-term customer service. The company is uniquely positioned in the German market and has earned an excellent reputation as trustworthy partner to its clients. FAST LTA currently serves >2,000 customers with a particularly strong position within the Healthcare and Public Administration sectors.
FAST LTA was founded in 2006 by an experienced team of serial entrepreneurs and has since delivered a successful track record. Highly reliable products, long-term service agreements, and strong inhouse R&D capabilities are the cornerstones of the company’s success. With its set up, FAST LTA is well positioned to benefit from favorable tailwinds within the market for secondary storage, such as increasing volumes of data, higher required accessibility of archived data, and more rigid data protection and data storage regulations.
Together with Afinum, FAST LTA’s management team is committed to further strengthen existing client relationships, to unlock the company’s potential by further penetrating core markets including additional verticals, a focused expansion of the company’s geographic footprint, and rolling-out new products for adjacent market segments by leveraging its strong in-house R&D capabilities.
The investment in FAST LTA represents the seventh platform investment of Afinum Achte Beteiligungsgesellschaft mbH & Co. KG.