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Scoop: Racktivity’s CEO DeMiroz Out–UPDATED

Marco DeMiroz, who has spent just more than a year as CEO of Racktivity, the cloud storage-focused startup, is leaving the company to return to his venture capital roots.

DeMiroz, according to his LinkedIn page, has joined Partech International, the San Francisco-based venture capital firm.

UPDATE: A representative with Partech confirmed that DeMiroz has joined the VC’s staff.

Neither Racktivity nor Partech has made an official announcement yet. However, according to Racktivity’s site, the company is now being run by longtime investor and board chairman Kristof De Spiegeleer. Racktivity did not respond to requests for comment.

This won’t be DeMiroz’s first trip to VC land. According to his profile, previous stints included a two-year gig with U.S. Bancorp Piper Jaffray Ventures from 1999 to 2001, a three-year stint with GameChange Ventures that lasted until 2004, another four-year run with Selby Ventures and a year with Trinity Ventures; all the while, DeMiroz maintained roles of managing director or investor with each firm he joined.

Belgium-based Racktivity has piled up about $10 million in VC funding from investors including Big Bang Ventures and Partech International (it has California offices, too). The company’s board included De Spiegeleer, Ashish Puri and Nicolas El Base, of Partech, are on Racktivity’s board, as well as Frank Maene of Big Bang Ventures. Racktivity wrapped up its most recent round of funding, reeling in $8.5 million, last December.