Bryan, Garnier & Co advises the secondary private placement of 16% of CAST share capital
Paris, April 10th 2015 – Bryan, Garnier & Co advises the secondary private placement of 16% of CAST share capital, a leading international software vendor focused on the emerging software application analytics market.
CM-CIC Investissement has acquired 16% of the share
capital from DFJ Esprit and Idinvest and becomes a cornerstone shareholder of
the company, strengthening its capital structure in the context of the recent
disclosure of a 12,24% ownership by a US software vendor.
This investment of CM-CIC growth capital principal
investment arm provides a solid long term support to the company growth
strategy, and completes the reorganization of the capital structure of CAST,
now ideally positioned to seize a large market opportunity. This follows the
recent announcement of a 12,24% holding of DevFactory inc., a fully owned
subsidiary of Trilogy Inc, a US software company focused on global 1000
companies.
Vincent
DELAROCHE, CEO of CAST
stated: “With CM-CIC Investissement,
CAST is welcoming a new major shareholder who shares our strong ambition for
the company and will provide a long term support to implement our strategy”.
CAST is a global pioneer in the development of IT
Software analytics to provide corporate executives with management insights and
standardized measures about software application health (structural quality,
efficiency-resiliency, complexity, technical risks, technical debt, maintenance
costs estimation...etc.), and size. Following years of intense R&D
investments and efforts to educate the market, the company benefits today from
a strong momentum resulting from four key favorable drivers:
- the fast
growing demand for analytics for
managing software risks and productivity within global organizations,
- the adoption
over the past 36 months by most of the global system integrators (Wiproo,
Infosys, Cognizant, Accenture, Atos
Origin, Cap Gemini...) of CAST analytics not only as a standard to measure
performance of their own software factories, but also as a technology
foundation to new service offers,
- an ongoing and
unanimous endorsement by the analysts (Gartner, Forrester, IDC…) and consulting
firms of CAST as the industry standard for IT software strategies performance
measurement, and
- the emergence
of new IT software quality measurement standards (CISQ) where CAST plays a
leading and referential role.
Greg
Revenu, Managing
Partner of Bryan, Garnier & Co, sole agent for this private placement,
commented on the announcement : “In a
context where big data is broadly considered as a new paradigm in the decision
making processes to improve the performance of global organizations, and where
risk assessment has become a key responsibility for their management,
application software assets have been under increasing scrutiny. CAST has a
unique response to these challenges. It has now also a solid capital structure
to implement its ambitious growth strategy”.
About CM-CIC Investissement (www.cmcic-investissement.com)
Venture capital, growth
capital, buyout capital, merger and acquisition advisory. CM-CIC
Investissement meets the needs of businesses in all areas of equity financing.
Together with its professional, resolutely human approach and close ties with
business leaders, its success is based on the long-term support it provides to
investee companies. CM-CIC Investissement €2.5 billion of capital under
management and has invested almost €2.1 billion in 550 different companies.
About CAST (http://www.castsoftware.com)
CAST is an independent software vendor that is a pioneer and world leader in Software Analysis and Measurement (SAM). With more than $120 million cumulative investment in R&D, CAST provides the most advanced technology in the world to capture and quantify the reliability, security, complexity and size of business applications. CAST introduces fact-based transparency into software asset management, application development, maintenance and sourcing to transform it into a management discipline. More than 250 companies across all industry sectors and geographies rely on CAST to prevent business disruption and build a transparent dialogue with their service providers. CAST is also an integral part of software delivery and maintenance at the world's leading IT service providers and independent software vendors. Founded in 1990, CAST is listed on Euronext (CAS.PA) and serves IT-intensive Global 2000 enterprises and public sector institutions worldwide. CAST has a presence in the Americas, EMEA, and India.
About Bryan, Garnier & Co (www.bryangarnier.com)
Bryan, Garnier & Co is an international growth-focused independent investment bank with operations in London, Paris, Geneva, New York and New Delhi. Since 1996, Bryan, Garnier & Co has dealt with over 300 corporate clients. The firm employs 120 people and provides equity research, sales & trading, private and public capital raising and M&A services to growth companies and their investors, with a focus on the TMT, Healthcare, Renewable Energies & Environment, Specialty Retail and Business Services industry sectors. In 2013, Bryan, Garnier & Co received the Most Productive European Broker Award by Financial Times / Starmine. Bryan, Garnier & Co is a fully registered broker dealer authorized by the FCA in Europe and by the FINRA in the USA, and is a member of the London Stock Exchange, a member of NYSE Euronext and a listing sponsor on Alternext.