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Raising of 1.8 million euros of fresh capital for Metrixware |
Metrixware raises fresh funds and welcomes CM-CIC Capital Privé and SGAM Alternative Investments to its capital
10.31.2008 - Metrixware – editor of IT Governance and Application Portfolio Management solutions – announces the raising of 1.8 million euros of fresh capital from new financial partners CM-CIC Capital Privé and SGAM Alternative Investments, in order to support its strategy and growth plans.
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Since 1995, Metrixware, French editor of the System Code software suite, offers its customers IT Governance and Application Portfolio Management solutions that provide them with an improved visibility of the state of their application assets, allow a health-check of their quality, and enable fact-driven managerial decisions in order to optimize IT systems to meet the functional, economical and technological challenges.
In this booming market, Metrixware has become a major actor, by providing its customers solutions that are innovative and pertinent and which meet the requirements of both management and of operational teams. Metrixware can count among its customers four of the largest banking groups in France as well as major companies in all economic sectors.
“System Code targets a rich and growing market, and satisfies a tangible and clearly identified need. Metrixware has proved that its strategy is in sync with the need to rationalize the development and management of software assets within corporations. Our participation will enable the company to take the next step, based on ambitious projects such as international expansion, and the creation of new solutions more directly aimed at the mid-market. We are confident in the abilities of the whole team to meet these challenges” explained Alexandre MICOULEAU, Director of participations at CM-CIC Capital Privé.
“This announcement confirms the pertinence of the strategic choices made by Metrixware since its founding and the potential of the company. Due to the performances realized by Metrixware during the last two years and owing to the ambitious growth targets that we set ourselves, we have been able to convince our financial partners, who have shown themselves to be optimistic about the future of our market, of our company and of its technology. This injection, beyond its symbolic value, gives us the means to realize our ambitions: continue strong but profitable growth, reach the critical size via diversifying the product line and geographical expansion, strengthening the strategic value of Metrixware” commented Rachid BOUMAZA, Founder and Chairman of Metrixware.
About CM-CIC Capital Privé
A subsidiary of CIC Finance, CM-CIC Capital Privé manages mutualised venture capital funds invested in different regions and innovative sectors for the Crédit Mutuel – CIC group. As of the 1st January 2008, the funds managed amounted to 300 M€ spread over nine regional funds and nine innovation funds. Within its management of innovation funds, CM-CIC Capital Privé is accompanying innovative companies such as Canal CE, Tekka, Digitck, Spartoo.
About SGAM Alternative Investments
SGAM Alternative Investments, 100 % subsidiary of Société Générale Asset Management, owes the success of its development to successfully mixing the cultures of asset management and capital markets allying innovation and risk control. With €35.6 billion of assets under management at the 30 June 2008, 387 staff worldwide and benefiting from the strategic and financial support of the Société Générale group, SGAM AI is a leading institutional player in Alternative Investment Management. The SGAM group (SGAM AI, TCW and Barep AM) manage €50 billion of assets in alternative investment at the 30 June 2008.
SGAM AI began creating a private equity platform in 1999 and today offers a complete range of venture capital funds, expansion-capital funds, buy-out funds and fund of funds, which invest in Europe and in emerging markets. At the 30 June 2008, SGAM AI managed capital investment funds totalling 1.8 billion euros. www.sgam-ai.fr
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About Metrixware
Specializing in the areas of Application Portfolio Management (APM) and IT Governance, Metrixware has, since 1995, been providing quality and maintenance solutions to CIOs and IT professionals through its System Code range of application management tools. The company provides global organizations with information, indicators and diagnostic to streamline decision making and implement best practice and compliance standards.
Metrixware has a wealth of experience and is proud to count some of the largest organization’s in Europe as clients BNP Paribas, BNP Paribas, Generali, Société Générale, CNP Assurances, Banque de France, Alcatel Lucent, Orange Business Services, Caisse d’Epargne... |
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