Cloud Value completes Open as App acquisition
Previous investors terminate participation in Open as App
Munich, November 12, 2024 – Cloud Value successfully completed the 100% acquisition of Open as App, an innovative software-as-a-service company, in October. The previous investors have successfully exited their investments in Open as App.
Open as App has established itself as a pioneer in the field of app generation. The platform enables companies to create apps from existing data sources or Microsoft Excel without programming knowledge – a concept that saves time and resources and drives digitalization in companies.
New owner for innovative software company
Cloud Value with CEO Ralf Hertneck acquires 100 percent of the company and initiates a new phase of development and innovation. The previous investors in Open as App, including Ventech VC, Senovo, neosfer, Impact 51 and further angel investors, have successfully terminated their investments in the innovative company.
With the acquisition, Ralf Hertneck will fully take over the strategic direction and operational management of Open as App. The long-standing investor and industry expert plans to drive the company forward through a targeted growth strategy and open up new market opportunities. Hertneck comments:
A look back at the collaboration
The investors who have supported Open as App since its foundation can look back on a successful collaboration and numerous milestones. During their involvement, they have played a decisive role in the growth and further development of the company. Thanks to the financial support and strategic advice of the investors, Open as App has been able to develop new technologies, expand its market presence and broaden its customer portfolio.
“We would like to thank Ventech VC, Senovo, neosfer, Impact 51 and all further angel investors for their support and valuable contributions to the development of Open as App. Thanks to these investors, the company has been able to position itself strongly in the market and develop innovative solutions in recent years,” continues Hertneck.
Prospects for the future
For Open as App, the change in ownership represents a unique opportunity to refocus the company’s strategy and further expand its technological capabilities. The company has already started to develop further innovative solutions for digital transformation and to offer its customers an even more efficient and user-friendly platform.
This step paves the way for new perspectives that can further strengthen Open as App’s growth and market position. The existing investors wish the company every success for the future and look forward to its further development.
About Cloud Value
Cloud Value is a leading Microsoft partner from the Greater Munich Area, specializing in sustainable digitalization concepts with the Microsoft technology stack. Cloud Value offers customized solutions for companies of all sizes and integrates technologies such as no/low-code platforms, AI as well as machine and deep learning. With comprehensive expertise and a strong partner network, Cloud Value shapes the digital transformation of its customers efficiently and successfully. The guiding principle “Empowering others to achieve more” confirms the commitment to empowering customers to turn their visions into digital reality. With over 200 successful projects and decades of B2B experience, Cloud Value is the ideal partner for optimized cloud strategies.
About Open as App
Open as App, founded in 2016, is an IT company based in Munich. Open as App enables companies to transform existing data into user-friendly mobile and web apps – without any programming effort. With an innovative platform, Open as App offers the possibility to automatically create data-based applications that can be seamlessly integrated into existing systems. This speeds up processes, increases productivity and facilitates access to information. Whether for sales tools, dashboards or operational applications, Open as App offers companies a flexible and scalable solution to efficiently drive digital transformation and secure competitive advantages. Open as App is a renowned service provider in the app stores of Apple and Google.
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