Investee Company – Selligent (Belgium)
Investee Company Business – Customer Relationship Management (CRM) specialist
Type of Financing – Expansion
Equity Providers – 3i, Innovacom, Dassault Developpement, Technicom
Equity Leader (Individual) – Alexander Banz, 3i
Debt Providers – NA
Debt Type – NA
Debt Leader (Individual) – NA
Equity Amount – euro6 million
Total Deal Value – euro6 million
Other Advisors – NA
Comments – Gosselies-based Selligent, a leading European developer of Customer Relationship Management (CRM) and e-business solutions optimally suited for diverse cultures, local business rules, languages and currencies, has raised euro6 million in expansion funding.
The deal was led by new investor 3i, which was joined by existing investors Innovacom, Dassault Developpement and Technicom. Selligent plans to use the capital to expand in Europe and to reach profitability.
This deal brings the total equity raised by Selligent to nearly euro15 million over three rounds since October 1999.
Founded in 1988 under the name of Aramis Software (with its product Business Manager) the company took on a new brand name – Selligent – in March 1999. It boasts a 30,000 strong client base across Europe. Selligent has recorded a growth of more than 60% a year in the last three years, and 40% growth during the first half of 2001 compared to the first half of 2000. The company has started new operations this year in the Nordic Region, Spain and Canada.
Alexander Banz at 3i said: “The CRM market is undergoing a shake-out, and we believe Selligent is in a particularly good position to conquer a much greater market share. We believe the new Selligent Xi technology is impressive and is the right foundation for Selligent’s success in the coming years, as well as the company’s profitability.”