AT Internet has raised EUR6.25m from its long-term financial investor iXO Private Equity (EUR3.5m) and a new associate, Omnes Capital, formerly Crédit Agricole Private Equity (EUR2.75m).
The investment will allow the group to accelerate its development by continuing its efforts in R&D and by consolidating its international presence. The digital analytics solution provider, based in Bordeaux, France, is preparing to strengthen its sales and marketing teams, as well as its technical infrastructure outside of Europe.
This capital increase is the third of its kind in AT Internet’s history and is part of a series of promising financial results for the company in 2012. Over the past few months the company has signed major contracts in Russia, Germany, Scandinavia, Brazil and South-East Asia. In 2013, the decision-making solution provider anticipates a rise in turnover of more than 20 per cent with increased profitability.
After establishing itself on the French and European markets, AT Internet is accelerating its third phase of development in the best conditions possible, targeting emerging countries in which there are increasing opportunities for business growth. With this capital the European solution provider will be able to meet the R&D challenges raised by decision-making analyses, and answer the question of Big Data processing.
At the end of the operation, the company’s founding managers continue to hold a large majority of the company.
Mathieu Llorens, AT Internet chief executive, says: “This operation will let us accelerate our development whilst allowing us to remain independent. This financial autonomy is a guarantee of our agility, the proximity that we have with our clients and the reliability of our solutions. We are keen to hold on to these values which have been the company’s strength for 17 years and which justify the trust that our clients place in us.”
Jean-Luc Rivière, general partner at iXO Private Equity, says: “We have been supporting AT Internet and its managers since almost the company’s beginnings. This long experience has allowed us to create a solid relationship of mutual trust. We are, more than ever before, convinced of AT Internet’s development potential and have shown it with this latest investment.”
François-Xavier Dedde, investment manager at Omnes Capital, says: “AT Internet has been successful in establishing itself as a major player in a booming, highly competitive market thanks to its expertise in the field of digital analytics and its ability to innovate. We are delighted to support the company in this new phase of its development to strengthen its technological progress and to accelerate its international growth.”
