On Jan. 1, managing directors Hauke Berndt and Manuel Scheyda together with the strategic investor Alexander Eck took over ppi Media as part of a management buyout, the company says.
With the management buyout, ppi Media is separating from the Eversfrank Group, which acquired the company from manroland in 2012. The software company, with over 100 employees at its locations in Kiel and Hamburg, Germany, as well as Chicago, sells integrated software solutions.
The buyout enables ppi Media to focus its digital solutions on the challenges of the media industry, the company says. “We will invest even more specifically in products and markets that will strengthen and expand ppi Media’s position in the publishing industry in the long term,” says Berndt, managing director.
“The decision to take the helm at ppi Media was an easy one. We are optimally positioned in a media environment characterized by innovation and change,” says Scheyda.
In addition to the two managing directors, who together hold most of the shares, strategic investor and IT entrepreneur Alexander Eck will become a shareholder of ppi Media and will advise the management on strategic issues.