Innova Capital completed the investment in CloudFerro.

Innova Capital, a private equity advisor in Central Europe, completed the investment in CloudFerro, a provider of innovative cloud services. "With an acquisition of a significant minority stake in CloudFerro, we have entered a very attractive market, expected to enjoy a strong growth (+20% per annum) over the next few years driven by supportive mega-trends. We believe that Innova’s expertise and close cooperation with the company will prove beneficial in enhancing its position in the European space market and opening up new acquisition opportunities. These can help CloudFerro to expand its offering by adding complementary solutions and competencies within Earth Observation, but also enable a faster entry into new verticals, such as healthcare or science, where experience in processing large image data sets is highly valuable,” Krzysztof Kulig, Innova Capital Senior Partner.