Finnish computer security provider F-Secure has acquired venture-backed French startup Steek for €27.5M (approx. $38.75 million) in cash with the possibility of a further performance-based payment of up to €2.5M ($3.5 million) next year. Steek was backed by Innovacom, which financed the startup’s $4 million Series A round mid-2006 and later joined AGF Private Equity in a $8 million Series B round.
Steek offers integrated online multimedia data storage, file sharing, and automated backup solutions to individuals and SMEs. More interesting for F-Secure however is that fact that the startup boasts a strong white label operator partner network that includes major corporations like SFR (France), Virgin Media (UK), Singtel (Singapore) and Terra (Spain).
