Genii funded and started SecureIT in 2003 on the back of the acquisition of a datacenter building to be developed. The company remained solely funded by Genii Capital until its sale.
Eric Lux, CEO of Genii Capital said that when his company bought the building that would became SecureIT’s first datacenter, it just inherited a mini datacenter and a few racks. “We had no idea this small operation would become so successful but we knew there was a niche for us,” Lux said.
Initial demand came from new players like Skype who were considering setting up part of their infrastructure in Luxembourg.
This transaction underlines Genii Capital’s capabilities in the growing cloud and datacenter industry, he said.