eZ Systems takes over High-Tech Gruenderfonds
Successful exit for German IT technology and now one of the services offered by eZ Systems.
With the acquisition of the German high-technology start-up, YOOCHOOSE, the Norwegian company eZ Systems AS is expanding its content management system, eZ Publish Enterprise, with one of the world’s leading recommendation engines. YOOCHOOSE was founded in 2009 by Dr. Uwe Alkemper and Michael Friedmann, and convinced High-Tech Gruenderfonds to provide seed financing at an early stage. Behind YOOCHOOSE – a spin-off company from Deutsche Telekom Laboratories in Berlin – lies a high-performance, patented recommendation system, which enables companies to significantly increase their revenues on the Internet using personalized recommendations.