[SatNews] RapidEye has mandated Roland Berger Strategy Consultants to support its effort to raise additional funding for the company.

"To finance new growth and expand our business we are looking for fresh capital," says Wolfgang G. Biedermann, CEO of RapidEye AG. “We want to expand our market reach, our investment in new systems and our product development efforts more quickly to take advantage of the business opportunities which present themselves to us.” The new funding will be used to make necessary investments into the market development, to upgrade and improve the systems to handle the additional growth and to initiate development of new geo-information products and services. In addition RapidEye also wants to intensify its preparations for 2G satellites.