The up-and-coming Austrian company PATCHBOX – manufacturer of IT network products – has brought a new investment partner on board: CNB Capital is now providing capital and plenty of know-how. With this partnership, the young company from Vienna wants to further expand existing markets, open up new ones and bring the best minds into the team.
Vienna, June 2022: PATCHBOX was founded in 2015 by Alexander Geng and Josef Hofstätter with the aim of reorganizing workflows in the network cabinet and thus simplifying and accelerating them. In the product area, the PATCHBOX® is the company’s flagship. This revolutionary network cabling system replaces conventional patch cables and patch panels. This enables faster maintenance and reduces downtime to a minimum. Avoiding tangled cables in the network rack also ensures the creation of an efficient IT workspace.
No more tangled cables in the network rack
The company, based in Vienna’s 17th district, has 20 employees and sells its products to 30,000 customers in more than 50 countries. The largest customers now include the German Bundestag, the Hamburg State Opera, Disneyland Paris and Disneyland USA, Schiebel and Mondi, to name just a few well-known national and international customers.
Managing Director Josef Hofstätter on the cooperation with CNB Capital: “We are particularly pleased that we were able to inspire a strategic partner like CNB with our ideas. In 2015, we were working on our first innovation in a dark storage room. And that’s exactly where the PATCHBOX® saw the light of day – which is how our story of the garage start-up began!” His founding partner Alexander Geng, who is responsible for the technical part at PATCHBOX, adds: “With the new partnership, we can continue our success story in a targeted way. We can plan and scale more long-term, continue our growth course and also focus on the development of innovations.”
Arno Langwieser, Investment Manager at CNB Capital on the current investment: “As a long-term investor, we are looking forward to working with the PATCHBOX team. We see great potential in the coming years through accelerated internationalization and expansion of the product range.”