PARIS | January 12th, 2010 - Lorentz, Deschamps & Associés (LD&A), acted as advisor to Smile on a fund raising of €3.5m subscribed by Edmond de Rothschild Investment Partners.
Founded in 1996, Smile is the French leader of Open Source integration. With more than 300 employees, the company has generated a turnover above € 20M in 2009 and enjoyed a rapid development with an average growth rate of 30% since 2005. Smile has already started its international development with subsidiaries in Spain, Switzerland, Morocco and Ukraine, and intends with this fundraising to strengthen its European leadership.
“Smile had an exceptional capacity for profitable organic growth over the past five years, thanks especially to its strategy of identifying the best open-source applications for each software domain and its outstanding operating performance. This fund raising will allow the company to accelerate its international development and leverage its leadership across Europe” comments François Carlot, Principal with LD&A.
Team LD&A : François Carlot, Directeur et Francis Lorentz, Associé.
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