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Activa Capital invests in Explore

Activa Capital has acquired a majority stake in Explore, a specialist in the development of B2B business intelligence solutions, to support the company in its development projects.

With this primary transaction, Activa Capital becomes a shareholder of the company alongside its founding directors, Laurent Nicouleau and Philippe Raison.
 
The strategy of Explore and its subsidiaries is to broaden its unique data platform on its historical markets (real estate, construction, B2B services) and to win new markets through innovative distribution methods and value propositions: business intelligence, integration in management solutions (CRM, ERP), on-demand usage via the cloud, data production and increasing value-add through Data Science.
 
Since its creation in 1997, the company has experienced sustained growth, reaching a turnover of more than EUR12 million in 2018, a growth of nearly 20 per cent compared to 2017.
 
Activa Capital and Explore are already making the first build-up with Gest’innov, a specialist in integrating and publishing cloud solutions based on Microsoft technologies. This integration into the Explore group will enable Gest’innov to accelerate new offerings for Explore’s historical markets (real estate, construction, B2B services), and also address new markets such as accounting firms.
 
With Explore, Activa Capital has now made the 8th investment in its latest fund, Activa Capital Fund III.
 
Laurent Nicouleau and Philippe Raison, founding directors of Explore, says: “20 years after the creation of the company, the arrival of Activa Capital enables us to pursue and accelerate our development, giving us the means to operate an ambitious and realistic consolidation strategy. The entrepreneurial spirit of Activa Capital and its team convinced us to choose them as a partner.”
 
Sébastien Berthier, CEO of Gest’innov adds: “In particular, we are creating new offers, integrated on business verticals that we know well. As a Microsoft Gold Partner, we are capable of offering truly innovative solutions, benefiting from Explore’s unique database, as well as Artificial Intelligence and Azure Cloud technologies.”
 
Alexandre Masson and Christophe Parier, Partners at Activa Capital, add: “We were very impressed by Laurent and Philippe, founders of Explore. They have a clear vision of their growth project, attractive for their clients, teams and partners, as can be seen from the recent partnership with Sébastien Berthier. Explore offers a unique value proposition to its customers. We are very proud to support them in their future developments. This investment is in line with Activa Capital’s strategy of investing alongside ambitious founders at a turning point in their growth, in order to help them to accelerate their development.”
 

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