Edgecap Acquires Majority Stake In Comac Medical, Founder And Management Retain Significant Minority Interest
Edgecap Acquires Majority Stake In Comac Medical, Founder And Management Retain Significant Minority Interest
06/09/23, 10:25 AM
Location
Industry
security
financial services
pharmaceutical
biotechnology
Comac Medical (Comac or the Company) announced today that funds advised by EdgeCap Partners (EdgeCap) acquired a majority equity interest in the Company. Comac's founder and CEO, Dr. Milen Vrabevski, as well as other shareholders, retain a significant minority stake and will continue in their current roles as executive managers, thereby providing continuity to all its clients and partners.
Company Info
Location
Ghent, East Flanders, Belgium
Company info
More than 10% of cyber attacks occur via physical security breaches. This figure will only increase in the next years as current access control solutions are outdated. Nine Engineering developed Nine Guard™, a site management solution with a biometric access layer based on facial recognition. Nine Guard™ provides secure biometric access, site activity overviews and site communications. The company is supported by the ESA BIC program of the European Space Agency.