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Systancia undertakes first capital raising with A Plus Finance
[July 23, 2009]

Systancia undertakes first capital raising with A Plus Finance

(M2 PressWIRE Via Acquire Media NewsEdge) Paris (France) -- Systancia of France, a software company specialising in the application and desktop virtualisation market, has undertaken a first EUR1.5m capital raising operation with A Plus Finance. Systancia will open an office in the UK later in 2009.

By choosing to invest in Systancia, A Plus Finance recognises the value of the company's strategy. Jean-Michel Pimont, an A Plus Finance associate, states, "It is very unusual to find a booming French software company which has an accurate view of their market. What appealed to us was the technical quality of their product, of course, but also the way in which they were able to perfectly identify how to best meet the needs of businesses." Systancia has rapidly established itself as a leading European solution provider in the application and desktop virtualisation market. Virtualisation technology is designed for businesses, administrations and local authorities (whether they use only a few dozen computer desktops, or tens of thousands), and helps client entities simplify their infrastructure and cut costs, while improving quality of service.

Systancia recorded growth in excess of 150% in the first half of 2009. The company is also in the process of hiring 25 staff in Paris and Mulhouse (in eastern France), where it is headquartered. Systancia is speeding up its development among private- and public-sector major accounts throughout Europe with the scheduled opening of subsidiaries in Britain in 2009 and Germany in 2010.

"We are proud to be one of the French companies able today to compete with American heavyweights in the application and desktop virtualisation sector, some of whom held a commanding position," explains Christophe Corne, Systancia Chairman, who is also the founder of the company. "Our software meets our customers' current needs, helping them drastically cut their information system's financial and ecological costs," he adds.

"Our fundamentals have been healthy now for several years, showing profitability and significant ongoing growth. This investment will help us comfortably face the next steps in our development, namely gaining a prominent position in this market throughout Europe," states Christophe Maranzana, Managing Director.

The investment from A Plus Finance was managed by Jean-Michel Pimont, Associate, and Pierre Loup, Investment Manager. Systancia's Counsel was Stephane Roussier (SRC), while A Plus Finance's Counsel were as follows: Legal Counsel - Gide Loyrette Nouel (Pierre Karpik and David Sebban); Financial Audit - Grant Thornton (Thierry Dartus); and Legal Audit - Grand, Auzas & Associes (Sigmund Briant).

About Systancia Systancia, which is headquartered in Mulhouse (in eastern France), is a specialist in application and desktop virtualisation.

Currently experiencing substantial growth in France and the rest of Europe, Systancia expects turnover for 2009 to reach EUR3 million. In just a few years, Systancia has established itself as the leading alternative application and desktop virtualisation solution provider on the market.

About A Plus Finance A Plus Finance, which is headquartered in Paris (France), is an independent trust company specialising in the management of Common Investment Funds for Innovation (FCPI) and Proximity Investment Funds (FIP). A Plus Finance is involved in all innovative sectors, particularly in the IT, media and security fields.

The A Plus Finance team includes financiers and entrepreneurs, thus providing companies with both an awareness of the daily constraints of management and a long-term perspective on the development of their business. Managing funds amounting to nearly EUR220m, A Plus Finance invests between EUR1 million and EUR4 million per project.

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