Munich, 25. November 2019 – Mountain Alliance AG (MA, ISIN DE000A12UK08) demonstrates the value-enhancing effect of its investment approach with the successful partial secondary sale of its investment in Exasol AG. Exasol, technology leader in the field of in-memory analytics databases has successfully completed a share placement to a group of long-term investors in the course of a financing round. Mountain Alliance AG, which held 8% of Exasol's shares, sold 2% of the shares as part of this placement and thus will continue to have a 6% holding in Exasol AG.
Exasol is the developer of the world's fastest analytical in-memory analytics database. The database, which is used in applications such as Artificial Intelligence (AI), Big Data and High-Speed Analytics, is receiving high demand due to its extremely fast and efficient data analysis capabilities – both on-premises and cloud-based as Software as a Service (SaaS). The company, which is perfectly positioned in the rapidly growing markets of Business Intelligence, Data Analytics, Big Data and Data Science (Machine Learning/Artificial Intelligence), will continue its growth course in the 2019 financial year.
"We're happy about the partial exit in several ways. On the one hand, we were able to generate significant returns. On the other hand, this success impressively underscores our strategic approach of participating in dynamically growing companies with a digital business model and developing them to add value. Exasol has excellent prospects to establish itself sustainably in the market environment of increasing digitalization. We want to continue to accompany our portfolio company on this path and remain invested," says Daniel Wild, CEO of Mountain Alliance AG.
