January 2010 – LD&A advises the Shareholders of Onyourmap on its Sale to Novasys
This transaction is the last of 10 operations led in 2009 by the corporate finance advisor for high-tech & cleantech SMEs. Review of an intensive year.
For its last 2009 deal, LD&A acted as advisor to Tridoo, operating under its trade name Onyourmap, for the sale of the company to Novasys, a Swiss supplier of geographic information systems applications.
Founded in 2006 by SaaS and mobile mapping experts, Onyourmap has enjoyed a rapid growth, especially in the online directories market.
The team joins Novasys, a well-established player in the geographic applications market, that has offices in Lausanne, Bern, Zurich and Paris. Novasys has a broad customer base that includes telecoms and large internet portals in Switzerland and Europe. This operation will enable the group to expand its range of services and strengthen its offer.
“We were quickly won over by the quality of Onyourmap technology, which is perfectly suited to mobile mapping applications, and its impressive sales growth. Thanks to this operation, Novasys becomes a leading specialist of geoweb & LBS services in a rapidly growing market” comments François Carlot, Principal with LD&A.
Review of 2009 and outlook 2010
The sale of Onyourmap ends a year of heightened activity for LD&A, who led 10 transactions in France, Great-Britain, Scandinavia and Switzerland : 4 sales, 3 fund raisings and 3 acquisitions in the Telecoms, Software and Internet sectors.
As Francis Lorentz emphasizes: “LD&A’s clients operate on high-growth markets where technology develops fast. The economic crisis pushed the most dynamic high-tech companies to compensate for the slow-down in organic growth through external growth solutions. Large businesses showed renewed interest in the acquisition of innovative SMEs.
"This strong activity should continue in 2010 which has led us to strengthen our teams and hire a Partner for the London office”.
About Drake Star Partners
Drake Star Partners is a global investment banking firm serving the technology, media and communications sectors (TMC) with offices in New York, London, Paris, Munich, San Francisco, Los Angeles, Berlin, Geneva, Singapore* and Dubai*. The firm focuses on M&A and corporate finance for its clients worldwide. Drake Star Partners completed over 400 transactions since 2004, 70% of which are cross-border.
Drake Star Partners is the marketing name for the global investment bank Drake Star Partners Limited and its subsidiaries and affiliates. In the USA, all securities are transacted through Drake Star Securities LLC. In the USA, Drake Star Securities LLC is regulated by FINRA and is a member of SIPC. Drake Star UK Limited (FRN 942020) is an appointed representative of Kession Capital Ltd (FRN582160) which is authorised and regulated by the Financial Conduct Authority. © 2016 Drake Star Partners Limited.