Infomaniak transitions to a foundation model to protect user data privacy (news.infomaniak.com)

• Infomaniak converts to a foundation to guarantee long-term privacy.
• No external shareholders; profits reinvested in security and infrastructure.
• Promotes digital sovereignty and data protection compliance.

"Swiss cloud provider Infomaniak has announced its conversion into a foundation to ensure long-term user data protection and privacy. The foundation will own the company, preventing external investor influence and reinvesting profits into infrastructure and privacy. This move reinforces commitments to digital sovereignty and GDPR compliance."