Posted by : Randy Cooper in (CDN)

European Fund Backs Highwinds CDN

September 3, 2008 — (WEB HOST INDUSTRY REVIEW) — IP services and content distribution provider Highwinds Network Group (highwinds.com) has negotiated equity financing backing from venture capital firm European Founders Fund (europeanfounders.com) for expansion into Europe.

“Highwinds has impressed us with their technological leadership, forward-thinking ideas and ambitious plans for rapidly expanding global market share,” European Founders Fund partner Oliver Samwer said in a statement. “Because we invest in entrepreneurs, not just ideas or companies, we are always looking for people in the market who are capable of doing great things. Highwinds’ executive team certainly fits the bill, and we are pleased to add Highwinds to our investment portfolio and support the Highwinds team with our network and experience.”

Source: http://www.thewhir.com/marketwatch/090308_European_Fund_Backs_Highwinds.cfm

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