Fœderis, a leading SaaS Talent Management solution, secures a €7M financing round from Isatis Capital to build a European leader. Clipperton acted as sole financial advisor to Fœderis
- The funds will be used to consolidate the Company’s leading position in France and strengthen its effort on the SMB opportunity with a dedicated offering, as well as to deploy in high potential European countries.
- The company also plans to invest in R&D to enrich its offering and maintain product superiority.
Paris, October 2017 – Clipperton is pleased to announce it acted as sole financial advisor to leading French SaaS Talent Management solution Fœderis in raising a €7 million round with Isatis Capital. The funds will be used to strengthen the company’s leading position in France, especially on the as-yet untapped SMB segment, and to expand internationally.
Founded in 1998 and based in Lyon, Fœderis is a pioneer in Talent Management in France. It provides businesses with a comprehensive suite of tools covering the whole scope of Talent Management with a modular approach, including recruiting, compensation and performance management, skills planning, workforce planning as well as training. Originally launched as an on-premise software, the product successfully transitioned to a SaaS solution thanks to the Company’s 100% proprietary and solid architecture. It now offers a fully adaptable and customizable SaaS solution to both large accounts and SMBs across a wide range of sectors (Industry, Banking & Insurance, Services, Public Institutions), and is used to manage over 2 million employees in France and in neighboring countries.
Founder & CEO Estelle Peltier plans to execute an ambitious growth plan for the Company. The first pillar consists in quickly replicating the model in targeted European countries through organic growth and targeted build-ups. Other strategic priorities for Fœderis include consolidating its leading position on the large Enterprise segment in France and further deploying of their SMB-dedicated offering to equip this promising segment of the market. The funds will be used to reinforce sales teams as well as to invest in R&D to expand product features and maintain its excellence.
“We have been convinced by the product’s functionalities and architecture enabling the company to provide customers with unparalleled customization potential. We are thrilled to support Estelle Peltier, whose strategic vision was a key element to our decision to invest”, said Bertrand Limoges, Partner at Isatis Capital, and Charles Collin, Associate.
Estelle Peltier said: “Isatis Capital has a true entrepreneurial mindset and extensive experience in helping companies in their build-up strategy, especially internationally. With their support, we will carry out our ambitious plan for Fœderis.”
This operation represents the 15th transaction in the SaaS & Business Software space arranged by Clipperton over the last 2 years, clearly demonstrating Clipperton’s expertise in this segment. Thomas Neveux, Partner at Clipperton, who managed the transaction, declared: “We have been following Fœderis’ development for a few years now, and we strongly believe in the potential of their Talent Management solution. We are proud to have accompanied the Company in this fundraising and to play a part in the emergence of a European leader in this sector.”
For more information, please contact:
- Thomas Neveux, Partner, tneveux@clipperton.net
- Caroline Landré, Vice President, clandre@clipperton.net
- Justine Meunier, Associate, jmeunier@clipperton.net
About Clipperton
Clipperton is a European independent corporate finance advisory firm exclusively dedicated to the Technology and Healthcare industries, advising innovative companies on M&A transactions, debt financings and equity offerings. With offices in London, Berlin, and Paris and an international reach, Clipperton is a European leader in Technology financial advisory. Over the past 15 years, the team has successfully completed more than 200 high profile transactions globally.