FREIBURG, GERMANY - The CEO of Jedox AG, Kristian Raue, has sold his shares in Jedox AG and is leaving the firm he established with his wife in 2002. Raue's shares have been bought by the financial investors eCAPITAL Partners and Wecken & Cie. The running of the firm will pass seamlessly to its directors, Matthias Krämer and Bernd Eisenblätter.
Jedox AG was established in Freiburg in 2002 by Kristian and Gabriele Raue as a software company for business intelligence solutions. Since its first year of business, the company has been a continuous success story. Within 12 years, Jedox AG, based in Freiburg, had created over 100 highly skilled jobs. The sales figures rose continuously at high double-digit growth rates. In spite of major investments in research and development, the firm broke even.
In 2013, Jedox AG gained international recognition with the "Cool Vendor" accolade from GARTNER, the internationally renowned firm of analysts. In 2014, Jedox AG was awarded the IT INNOVATION PRIZE by the SME Initiative. One of the main factors in Jedox AG's success was its research cooperation with Freiburg University with regard to the use of graphic cards (GPU) to speed up database queries.
Kristian Raue says he is leaving because he sees himself as a founder of start-ups and a serial entrepreneur. "My strength is establishing high-tech start-ups and accompanying the initial growth phase until the firm has between 50 and 100 employees. I use clear technical and commercial vision to build up companies. Once a business can stand on its own two feet, you have to be able to let go as the founder and hand over the next stage of growth to the established management team."
Prior to Jedox, Kristian Raue had established Graphitti Software GmbH in 1991 and Intellicube Software AG in 1997. After rapid growth, he successfully managed both companies until he left.
"Kristian Raue's powers of innovation and vision were crucial factors in the success of Jedox AG. We thank him for all his work and the great commitment he and his wife have shown. We wish Germany had more founders like him," said Thilo Schmid, Chairman of the Supervisory Board of Jedox AG. "Jedox AG, as an internationally recognised technology leader, is now in an excellent position to profit from the steady growth in demand for self-service business intelligence solutions," says Dr Paul-Josef Patt, CEO of eCAPITAL Partners AG and member of the Supervisory Board of Jedox AG. "We are looking forward to continuing to work closely with the Board to increase the associated growth potential."