eZ Systems takes over High-Tech Gruenderfonds- investment YOOCHOOSE
Partnerships with established providers of online shop services and web analytics provide the YOOCHOOSE Recommender Engine with access to a wide client spectrum from the fields of e-commerce, media and publishing. The investments by High-Tech Gruenderfonds have enabled the recommendation system to be developed further, and it is now available for use by all eZ clients as the eZ Recommender Engine. "The close links with eZ Publish represent a crucial step for YOOCHOOSE as a technology start-up. We can now make our products available to the wide, international market of eZ Systems clients and considerably increase our reach. We look forward to working with an innovative company such as eZ Systems", says Dr. Uwe Alkemper, founder and CEO of YOOCHOOSE.
YOOCHOOSE clients already include Deutsche Telekom AG, which generally relies on YOOCHOOSE for online recommendations. The solution has been successfully used by Musicload and Gamesload since 2010. "Personalization and recommendations are the key trends on the market which are currently in demand. With our strategic investment in YOOCHOOSE, we are expanding our range of products with a superior piece of technology and strengthening our innovation leadership in web content management", explains Gabriele Viebach, CEO of eZ Systems. In contrast to standard solutions, the Recommender Engine from YOOCHOOSE generates recommendations for a wide variety of content (news, films, music, software, etc.) and can be flexibly integrated into the customer's existing shop, web analytics or content management system.
About eZ Systems:
Founded in 1999, eZ Systems is the creator of eZ Publish, the award winning Open Source Web Content Management Platform, run by more than 250,000 installations in over 160 countries. eZ empowers digital business with a platform that not only enables organizations to manage content across multiple sites in many languages but also ensures that the information is delivered regardless of the channel. The result - right content, right time, right experience. The core element of the product is based on the open source paradigm enriched by enterprise services and completed by the eZ market offerings, resulting into enterprise grade subscription offerings with high-quality assurance, software maintenance and support services.
eZ Systems is trusted by well-known brands worldwide across a wide range of industries. Its customers include: CNBC, T-Mobile, France Telecom, Orange, BPCE, Clearchannel, Random House, EMI Music, Lagardère Active, Financial Times, Wall Street Journal Asia, UBM, Oslo Stock Exchange, Harvard University and MIT, United States Navy and French Ministry of Defense.
High-Tech Gründerfonds Management GmbH
High-Tech Gründerfonds invests risk capital in young, high-potential technology companies that convert promising research results in business success. The seed finance provided aims to enable start-ups to take their R&D project through to the creation of a prototype, a proof of concept or to market launch. The Fund normally invests EUR 500,000; in total, up to two million euros are available per technology company. Investors in this public/private partnership are the German Federal Ministry for Business and Technology, the KfW Banking Group as well as the twelve industrial groups of ALTANA, BASF, B.Braun, Robert Bosch, CEWE Color, Daimler, Deutsche Post DHL, Deutsche Telekom, Qiagen, RWE Innogy, Tengelmann and Carl Zeiss. High-Tech Gründerfonds has a fund volume of about 560,5 million euros in two funds (272 million euros fund I, 288,5 million Euros fund II).