Nanterre, October 31st 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 Priv and SGAM Alternative Investments, in order to support its strategy and growth plans.
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 factdriven 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 Priv.
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 .