Axon is pleased to announce its investment in O4IT, a large, leading cloud technology services company in Latin America.
Adding to its portfolio of digital economy investments, Axon aims to help the company grow further into different countries in the LatAm area and into North America. O4IT provides a number of services including desktop Servers and Applications Virtualisation, ICT infrastructure, cloud storage, security for files and information protection. It mainly focuses on small to medium size businesses.
Founded in 2005, O4IT now has offices in Bogota, Panama and Miami and looks to Axon for strategic advice, using its knowledge and contacts within the cloud technologies sector.
Alfonso León, Partner at Axon Partners Group comments:
“We are extremely impressed by the numbers O4IT are working with and also its unique technology and know-how, which it has developed over the last few years. We hope to boost its already promising performance, and add value using the unique expertise and presence that Axon has.”
O4IT is the most recent investment for Axon Amerigo Ventures Colombia Fund and signals the start of a promising year for the continuing investments that the Fund makes in LatAm.