France Software and Information Technology 29 Feb 24 - INDUSTRY SNAPSHOTS - Insurance News | InsuranceNewsNet

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March 6, 2024 Newswires
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France Software and Information Technology 29 Feb 24 – INDUSTRY SNAPSHOTS

Acquisdata Industry Snapshot
LATEST COMPANY NEWS

DataCentreNews Europe - NTT & Schneider Electric spearhead AI innovation at the edge - 28/2/2024.

In a collaboration that ventures into the realm of futuristic technology, NTT and Schneider Electric have announced the conception of a new joint venture. It's designed to drive AI innovation at the very edge of computing.

For the complete story, see:

https://datacentrenews.uk/story/ntt-schneider-electric-spearhead-ai-innovation-at-the-edge

The Paypers - Axway to acquire most Sopra Banking Software activities - 26/2/2024

Axway has announced that it entered an exclusive discussion to acquire most of Sopra Banking Software activities, to develop a new enterprise software house.

For the complete story, see:

https://thepaypers.com/online-mobile-banking/axway-to-acquire-most-sopra-banking-software-activities--1266926

The Paypers - Linedata partners with cybersecurity firm Conduit Security - 26/2/2024

Linedata, a global asset management and credit technology provider, has announced a partnership with Conduit Security, a cybersecurity technology firm from the US.

For the complete story, see:

https://thepaypers.com/digital-identity-security-online-fraud/linedata-partners-with-cybersecurity-firm-conduit-security--1266924

Other Stories

CNA - Axway in discussions to buy most of Sopra Steria's SBS unit for 330 million euros - 22/2/2024

BNN Breaking - Linedata and Conduit Security Forge Alliance to Fortify Cyber Defenses for Investment Firms - 22/2/2024

Telecompaper - Orange France deploys SoftAtHome's carrier-grade speed test service - 21/2/2024

Electronic Products & Technology - Purdue-Dassault Systèmes partner to improve, accelerate, transform semiconductor workforce - 21/2/2024

EE Times Asia - Cadence and Dassault Systèmes Team Up to Transform Electromechanical Systems Development - 20/2/2024

Media Releases

Schneider Electric S.A. (CAC: SU) - Itron and Schneider Electric Join Forces to Modernize and Simplify Energy Distribution, Address Energy Transition - 21/2/2024

Linedata Services (EPA: LIN) - Linedata Partners with Conduit Security to Enhance Cybersecurity Protection for Investment Managers - 20/2/2024

Schneider Electric S.A. (CAC: SU) - Schneider Electric Announces Innovative Tax Credit Transfer Agreement with ENGIE to Accelerate Progress Toward its 100% Renewable Energy Goal in North America - 20/2/2024

Latest Research

High-precision scanning system for complete 3D goat udder and teat imaging, and analysis of morphological traits - By Marnet Pierre-Guy, Delattre Laurent, Delouard Jean Michel, Luginbühl Thibault, Laluque Thibaut, Martin Pierre, Coquereau Gaelle

Industry Overview

France Software and Information Technology Industry

Overviews of Leading Companies

Axway Software (CAC: AXW)

Berger Levrault SA

Cassiopae S.A.S.

Cegedim SA (XPAR: CGM)

Cegid S.A.

Claranova Group (CAC: CLA)

Dassault Systèmes Group (XPAR: DSY)

eFront Holding S.A.S. (NYSE: BLK)

ESI Group SA (CAC: ESI)

FIDUCIAL Informatique

Generix Group S.A. (CAC: GENX)

GFI Informatique SA

InfoVista

Isagri Group

Lectra SA (CAC: LSS)

Linedata Services (EPA: LIN)

Murex

Prodware

Schneider Electric S.A. (CAC: SU)

SOPRA S.A.

Talend SA

Talentia Software Group

Senior Associate: Theadore Leighton Manjah

News and Commentary

DataCentreNews Europe - NTT & Schneider Electric spearhead AI innovation at the edge - 28/2/2024.

In a collaboration that ventures into the realm of futuristic technology, NTT and Schneider Electric have announced the conception of a new joint venture. It's designed to drive AI innovation at the very edge of computing.

For the complete story, see:

https://datacentrenews.uk/story/ntt-schneider-electric-spearhead-ai-innovation-at-the-edge

The Paypers - Axway to acquire most Sopra Banking Software activities - 26/2/2024

Axway has announced that it entered an exclusive discussion to acquire most of Sopra Banking Software activities, to develop a new enterprise software house.

For the complete story, see:

https://thepaypers.com/online-mobile-banking/axway-to-acquire-most-sopra-banking-software-activities--1266926

The Paypers - Linedata partners with cybersecurity firm Conduit Security - 26/2/2024

Linedata, a global asset management and credit technology provider, has announced a partnership with Conduit Security, a cybersecurity technology firm from the US.

For the complete story, see:

https://thepaypers.com/digital-identity-security-online-fraud/linedata-partners-with-cybersecurity-firm-conduit-security--1266924

CNA - Axway in discussions to buy most of Sopra Steria's SBS unit for 330 million euros - 22/2/2024

French software company Axway said on Wednesday it had started discussions to potentially buy most of Sopra Banking Software activities from Sopra Steria.

For the complete story, see:

https://www.channelnewsasia.com/business/axway-discussions-buy-most-sopra-sterias-sbs-unit-330-million-euros-4140021

BNN Breaking - Linedata and Conduit Security Forge Alliance to Fortify Cyber Defenses for Investment Firms - 22/2/2024

Explore the collaboration between Linedata and Conduit Security, a transformative partnership that is redefining cybersecurity in the financial sector with innovative technology and a holistic approach to defense.

For the complete story, see:

https://bnnbreaking.com/finance-nav/linedata-and-conduit-security-forge-alliance-to-fortify-cyber-defenses-for-investment-firms

Telecompaper - Orange France deploys SoftAtHome's carrier-grade speed test service - 21/2/2024

Orange France has selected the carrier-grade speed test service developed by existing partner SoftAtHome to improve insight into its fixed broadband network...

For the complete story, see:

https://www.telecompaper.com/news/orange-france-deploys-softathomes-carrier-grade-speed-test-service--1491954

Electronic Products & Technology - Purdue-Dassault Systèmes partner to improve, accelerate, transform semiconductor workforce - 21/2/2024

Purdue is working to revolutionize workforce development for the semiconductor and microelectronics industry, with its latest collaboration focused on delivering virtual twin capabilities to augment and accelerate semiconductor training, research and sustainability, as well as the development of new skills.

For the complete story, see:

https://www.ept.ca/2024/02/purdue-dassault-systemes-partner-to-improve-accelerate-transform-semiconductor-workforce/

EE Times Asia - Cadence and Dassault Systèmes Team Up to Transform Electromechanical Systems Development - 20/2/2024

Cadence Design Systems Inc. and Dassault Systèmes have extended their ongoing strategic partnership by integrating the AI-driven Cadence OrCAD X and Allegro X with Dassault Systèmes' extended 3DEXPERIENCE Works Portfolio, for SOLIDWORKS existing and future customers.

For the complete story, see:

https://www.eetasia.com/cadence-and-dassault-systemes-team-up-to-transform-electromechanical-systems-development/

Media Releases

Schneider Electric S.A. (CAC: SU) - Itron and Schneider Electric Join Forces to Modernize and Simplify Energy Distribution, Address Energy Transition - 21/2/2024

Itron, Inc. (NASDAQ: ITRI), which is innovating the way utilities and cities manage energy and water, and Schneider Electric, the leader in the digital transformation of energy management and automation, are collaborating to improve energy and grid management for utilities as homeowners and businesses increasingly adopt distributed energy resources (DER)—like rooftop solar, battery energy storage, electric vehicles and microgrids—at the grid edge. In a stepwise approach, the companies will integrate their intelligent grid and distributed energy resource (DER) management solutions to digitalize the demand and supply of electricity.

Electricity demand is rapidly increasing due to the electrification of transportation, heating, and more. By 2050, the U.S. grid's capacity will have nearly doubled compared to 2022, according to the U.S. Energy Information Administration, and in Canada, grid capacity is projected to reach 226 GW by 2050.

With more DER comes more data generated at the grid's edge, and an unprecedented opportunity to harness, aggregate and analyze that data to produce actionable insights. Utilities can leverage this awareness to optimize grid planning and operations by integrating Itron's Grid Edge Intelligence solutions and Schneider's Digital Grid solutions to increase grid capacity while deferring infrastructure investments. Itron and Schneider are working on dozens of integrated use cases that will deliver value across asset management, grid planning and operations, and DER management, and will work with utilities to integrate their solutions.

"We began collaborating with Schneider Electric to simplify grid management and enable a new generation of applications for utilities that recognize the dramatic changes and escalating demand that await all of us," said Don Reeves, senior vice president of Outcomes at Itron. "This collaboration will help us realize Itron's vision for the grid edge—one where meters, transformers and feeders negotiate amongst themselves to achieve localized distribution outcomes, dynamically adapting and configuring sections of the distribution grid while enabling consumers to participate and benefit from these transactions.".

"At Schneider Electric, we're committed to delivering solutions for utilities that connect everything from grid to prosumer, and this collaboration with Itron is the latest expression of that commitment," said Ruben Llanes, NAM Power & Grid Segment President for Schneider Electric. "Utilities today need an interoperable, fully connected foundation for intelligent grid operations, and it is inspiring to pursue this future with Itron—one of the most innovative forces in the industry."

Modern utilities already benefit from Itron's industrial IoT (IIoT) network solution that collects usage and status data from the point of service. By bringing together distributed and centralized intelligence, grid operators gain greater situational awareness and real-time insights, including key measurements, notifications, and events like downed wires. With this collaboration, utilities can extend energy orchestration to behind-the-meter assets, enabling proactive management of grid constraints when and where needed. Itron's Grid Edge Intelligence solutions integrate grid analytics and edge DERMS to enhance visibility, such as high resolution, real-time transformer level insights and control with Schneider's Digital Grid solutions. EcoStruxure ADMS allows grid operators to leverage enhanced outage management capabilities to efficiently detect and respond to faults, mitigating risks from climate impacts, like wildfires. And with Grid to Prosumer DERMS, utilities can maximize value from DER with an end-to-end approach to grid optimization, flexibility management, and prosumer engagement that support today's energy transition.

Sophisticated grid edge intelligence solutions also support behind-the-meter intelligence—essential as more homes and commercial properties are equipped with DER like solar and electric vehicles. Bloomberg NEF projects 167 million homes and 23 million businesses to be solar users by 2050. These intelligent assets can then be leveraged in demand response programs that reward owners for easing their usage during times of peak demand. With solutions like Schneider Home and Itron's Distributed Intelligence-enabled Optimizer solutions, prosumers can gain control of their electricity supply as they produce and consume energy, while utilities can optimize the grid to meet evolving needs.

Demonstrations at DISTRIBUTECH 2024 Booths #2633

Itron and Schneider Electric will be holding a News Conference at DISTRIBUTECH 2024 on February 27th in Orlando, Florida, where they will also hold demonstrations of their integrated grid edge intelligence, distributed intelligence, GIS, DERMS and ADMS solutions. Those demonstrations, along with additional customer activities throughout the year, will help accelerate grid modernization across multiple regions while validating key use cases for grid intelligence that other utilities can learn from.

https://www.se.com/us/en/about-us/newsroom/news/press-releases/itron-and-schneider-electric-join-forces-to-modernize-and-simplify-energy-distribution-address-energy-transition-65d550ae27f87b9d21051897?gad_source=1&gclid=CjwKCAiA29auBhBxEiwAnKcSqsiR8EdFdPxpft0h--LexjJ3ysQVdrLAhpJSbbXtqHN_DjaoboykwxoCUQEQAvD_BwE

Linedata Services (EPA: LIN) - Linedata Partners with Conduit Security to Enhance Cybersecurity Protection for Investment Managers - 20/2/2024

Linedata and Conduit Security team up to safeguard the investment management community from evolving cyber threats

This partnership will enhance the Linedata Protect offering with advanced capabilities to detect, prevent and mitigate threats such as wire fraud and deep fakes

Linedata, (Euronext Paris: LIN), a global provider of asset management and credit technology data and services, announced today that is partnering with Conduit Security, a leading independent cybersecurity technology firm headquartered in Baton Rouge, LA, to further protect Linedata's investment management clients. This strategic collaboration aims to enhance Linedata's current Linedata Protect offering by incorporating advanced capabilities for detecting wire fraud.

As the SEC enacts new compliance rules on cybersecurity incident disclosures amidst a rapidly evolving cyber threat landscape, particularly with the advancements of artificial intelligence, detecting and countering threats has become more vital than ever for investment firms. By incorporating Conduit's advanced detection technology into the Linedata Protect offering, investment management clients will benefit from a comprehensive solution that addresses not only existing cybersecurity threats, but also emerging and evolving threats such as wire fraud and deep fakes.

"Investment managers need to be seeing around the corners of cybersecurity to stay ahead of ever-evolving threats," said Anup Kumar, Head of Linedata Global Services. "This collaboration with Conduit underscores our commitment to providing comprehensive cyber solutions for our investment clients by addressing wire fraud and other emerging threats in a way that is tailored to the intricacies of the financial industry."

Conduit brings expertise in proactively managing the risks of wire fraud. Conduit's software provides codified best practices and procedures, smart risk intelligence, transparency and accountability that allows Linedata clients to detect and prevent wire fraud attempts in real time.

"As the threat landscape continues to advance, so does our dedication to staying at the forefront of cybersecurity innovation," said Ryan Castle, Chief Executive Officer at Conduit Security. "Our partnership is a significant step in addressing the complex challenges that investment firms face as it relates to wire fraud threats. By combining our expertise in identifying and preventing wire fraud with Linedata's investment industry leadership, we're excited to deliver a holistic solution that will safeguard investment firms."

In an era where cyber threats have become an inherent cost of doing business, asset managers, hedge funds, and private equity firms are particularly vulnerable targets. Linedata's comprehensive cybersecurity services encompass Linedata Protect Managed Detection, Response, and Remediation (MDRR), along with policy development, training, vulnerability assessment and testing, third-party risk management, and CISO-as-a-Service. Linedata Protect and Linedata Protect Premium are offered on a consumption-based model with no minimums, allowing the benefit of transparent pricing and cost certainty with the ability to scale up or down as needs evolve.

To learn more about Linedata Protect and other products, please visit our website: https://www.linedata.com/linedata-protect-cybersecurity-solution

ABOUT CONDUIT SECURITY

Conduit Security protects investment managers, and their capital, from wire fraud criminals. Founded by a former FBI Agent and Palantir alum, Conduit's software solution was built based on years of experience responding to losses and helping organizations recover from and prevent wire fraud losses. Conduit's solution protects many of the largest asset managers, has secured billions of dollars in transactions, prevented millions in losses, and has never lost a single dollar.

https://conduitsecurity.com/

ABOUT LINEDATA

With 25 years' experience and 700 clients in 50 countries, Linedata's 1200 employees in 20 offices provide global humanized technology solutions and services for the asset management and credit industries that help its clients to evolve and to operate at the highest levels.

https://www.linedata.com/linedata-partners-conduit-security-enhance-cybersecurity-protection-investment-managers

Schneider Electric S.A. (CAC: SU) - Schneider Electric Announces Innovative Tax Credit Transfer Agreement with ENGIE to Accelerate Progress Toward its 100% Renewable Energy Goal in North America - 20/2/2024

Investment represents a new approach to using the transferability clause in the IRA to accelerate corporate renewable energy procurement.

Tax credit transfer opportunity brings company closer to meeting its renewable electricity target in the U.S. and Canada.

Schneider Electric, the leader in the digital transformation of energy management and automation, today announced that it has committed to invest in a portfolio of Texas-based clean energy projects utilizing a Tax Credit Transfer Agreement (TCTA) for solar and battery storage systems developed, built, and operated by ENGIE North America (ENGIE).

The contracted projects are expected to come online throughout 2024 and will enable Schneider Electric to get closer to its 100% renewable energy goal in the U.S. and Canada.

The agreement between ENGIE, a leader in the net-zero energy transition, and Schneider is among the first at this scale to take advantage of new tax credit transfer provisions in the Inflation Reduction Act (IRA) that will help companies meet their renewable energy goals.

"Schneider Electric is committed to achieving net-zero emissions across our operations by 2030. This new solar-plus-storage agreement for the U.S. and Canada with ENGIE, a leading developer of renewables, will help us reach that goal," said Aamir Paul, President, North America Operations. "The IRA opens the door for innovative projects through its transferability clause, and expands the range of entities that can benefit from tax credits in meeting decarbonization objectives. Schneider Electric is a leader in sustainability, efficiency, and the energy transition, and we are proud to 'model the way' with this tax credit transfer."

The IRA's transferability clause enables the transfer of eligible federal tax credits from renewable energy, clean energy manufacturing, and battery storage projects, among other clean energy projects. This new feature creates a feasible alternative to traditional tax equity structures. Tax credit transfer also enables Schneider's Scope 2 decarbonization when the investor-buyer procures associated environmental attributes as part of the transaction.

This is not the first collaboration between Schneider Electric and ENGIE. Since 2017, the two companies have joined forces on multiple projects, and have led clients through their procurement of renewable energy via virtual power purchase agreements (VPPAs) that exceed 1.6GW in total in North America alone. ENGIE's investment and innovation in renewables have resulted in the company being named the leading developer of corporate energy PPAs in 2023 by BloombergNEF in its latest Market Outlook report and being ranked in the top three since 2019. ENGIE's total corporate PPA portfolio in North America exceeds 6.5GW.

"This collaboration with Schneider signals a real step forward in accelerating the net-zero transition. The solar-plus-storage portfolio, coupled with the innovative tax credit transfer structures enabled by the IRA, helps expand the opportunities for an increasing set of corporate clients to meet their goals," said Dave Carroll, Chief Renewables Officer and SVP, ENGIE North America. "This approach supports the continued growth of renewable energy and storage options in the U.S., which brings economic opportunities to an expanding set of communities alongside the transition to a lower-carbon grid."

"Schneider Electric's North American renewable energy goal is commendable, and its advancement in accelerating its efforts. Schneider's work demonstrates both the power of collaboration with essential partners in the energy industry and the innovation necessary to progress actionable solutions in our nation's journey toward net zero," said Sheri Givens, President and CEO, Smart Electric Power Alliance (SEPA). "SEPA values its members' efforts in the clean energy transition, and Schneider's leadership serves as an example of those companies at the forefront."

According to Bloomberg (BNEF), the IRA's tax credit transfer rules create a new set of possibilities for funding America's energy transition. Most intriguing is the market for tax credits, which could greatly streamline the process of getting money to where it is most needed and is a step towards maturity as market participants discover together operating models that can scale.

Schneider Electric Tax Credit Investment Service

Schneider Electric was advised on the deal by consultants from its Sustainability Business, the world's largest advisor on corporate renewable energy procurement. Schneider provides these consulting services on tax credit transfers to clients to help them take advantage of the innovative opportunities created by the IRA. It is estimated by Credit Suisse that nearly $1 trillion could be unlocked over the next ten years thanks to public and private spending mobilized by the IRA in climate and energy-related investments.

The tax credit transfer opportunities structured by Schneider Electric's advisory team allow companies to simultaneously reduce Scope 2 emissions, capture favorable risk-adjusted returns on investment, demonstrate environmental leadership, and accelerate progress toward decarbonization goals. This requires an understanding of complex regulations, market uncertainty, energy and environmental attribute markets, and technology maturity curves. With its 20+ years of renewable energy advisory experience, Schneider Electric is uniquely equipped to guide enterprises through the complexities of the new tax credit investment landscape.

Leveraging the IRA for both private and public sector

The IRA has proven to be significant for Schneider Electric's customers in the private, public, and residential sectors. The company has seen increasing demand for offsite and onsite renewable energy solutions and microgrid technologies using IRA-provided benefits, and growth in its residential consumer market in addition to corporate tax credit opportunities.

Schneider's Sustainability Business is also helping its U.S. public sector clients - predominantly schools and municipalities - to utilize IRA provisions to procure electric vehicles like school buses and emergency response vehicles and to implement onsite solar, providing tax relief to economically-disadvantaged public entities across the country.

https://www.se.com/us/en/about-us/newsroom/news/press-releases/schneider-electric-announces-innovative-tax-credit-transfer-agreement-with-engie-to-accelerate-progress-toward-its-100-renewable-energy-goal-in-north-america-65d42f0a68988b1f50042c85?gad_source=1&gclid=CjwKCAiA29auBhBxEiwAnKcSqsiR8EdFdPxpft0h--LexjJ3ysQVdrLAhpJSbbXtqHN_DjaoboykwxoCUQEQAvD_BwE

Latest Research

High-precision scanning system for complete 3D goat udder and teat imaging, and analysis of morphological traits

Marnet Pierre-Guy, Delattre Laurent, Delouard Jean Michel, Luginbühl Thibault, Laluque Thibaut, Martin Pierre, Coquereau Gaelle

Abstract

Currently, udder scoring for goat udder phenotyping in France is made by a specialized technician trained to score 5 traits for the udder and 4 for teats, only one of which being measured (teat length). It is a hard work in big flocks, and only done one time in the life of goats. Recent works underlined a clear degradation of udder/teat shape with parity and an increasing proportion of morphological and functional unbalance of udders. Thus, for improved genetic selection, we must increase the number and quality of quantitative udder traits measured throughout the productive lifespan of dairy goats. To achieve this goal, we aimed to design a 3D Scanner device to scan the entire udder and to produce high definition numeric images. The device developed is easy to transport in a van and consists of a portable corridor cage in which the goats enter freely. Goats are then blocked less than 2 min while the images were taken. We used 4 Intel Realsense depth D415 cameras mounted on a mobile trolley situated 60 cm under and on the two sides of the cage and sliding from the front to the back of the animal in 10 s. The D415 has a baseline of 55 mm which allows the depth error to be less than 2% at 2 m. The device has an auto calibration internal software that ensure good evaluation of distances with one-millimeter depth precision at 50 cm. The reconstruction of the 3D Image from these 4 sources was done by the RecFusion® software. The image resolution obtained is 1280 * 720 pixels and real-time scene capture is done at up to 90 frames per second (900 images/camera/run/goat). The size of voxel generated was 2 mm. The first prototype was tested on 260 goats of different parity and udder shape and produced well-defined 3D images on which we can measure dimensions with Metrux2α® software after manual positioning of references points. The first validation steps wad done on a soccer ball and on 10 goats for comparison of manual scoring and Image analysis. Machine learning algorithms are currently being developed for the purpose of automatic measurement on these images. The actual precision of the automatic measurement will be assessed following the completion of this final phase. Nevertheless, this scanner shows great promise for future implementation within the goat selection scheme, as it enables swift, objective, and quantitative evaluation of udder and teat characteristics.

https://www.sciencedirect.com/science/article/abs/pii/S0921448823002912

The Industry

Internet usage in France - Statistics & Facts

Compared to the times of dial-up internet, today's technology is nothing like it. Used by the French since 1994, the internet had its big break in the 2000s with 50.7 million users in 2020, and a 86 percent country coverage in 2019. A relationship has started to evolve between internet appliances and humans. Some are able to turn on their oven with the use of an app. Talking to a fridge was probably considered strange ten years ago. Nowadays that fridge might even be able to respond. Of course, more practical everyday-use devices such as fitbits or smartwatches have gained popularity in recent years, helping French people to live a seemingly healthier life in 2019. With this, the daily (or even nightly) use of the internet is more essential than ever.

E-commerce and web browsers

In terms of online shopping, e-commerce activity has increased from ten percent in 2003 to more than 62 percent in 2019. The effectiveness of online selling channels is illustrated by the total revenue of 112.2 billion U.S. dollars generated in 2020 and, not surprisingly, the giant e-commerce generalist Amazon at the top. And with the Internet being more omnipresent than ever, omnichannel retail is gaining importance, and adds to the blurred boundaries between offline and online modes of shopping: as digital solutions are progressively seen in-store, consumers have made use of their mobile internet, often comparing prices online before purchasing the product.

Search engines and browsers play a considerable role in online shopping. Google accounted for over 92 percent of the French market share and remains the most popular by far. Google Chrome, meanwhile, accounted for 57 percent of the market for mobile internet browsers in France.

Online services and dangers of the internet

While trade and communication have been among the most impacted by the internet, French consumer behavior has also changed in other areas: social networks, online banking, and the consumption of online videos. Faced with this development, companies have quickly adapted, with more than 70 percent having a website and some even using social media to facilitate consumer-brand relationships. With the sanitary crisis, provoked by the COVID-19 virus in France in 2020, other services have seen an increase in usage, with social networks and chat apps being the most used during the lockdown. In the fight against loneliness and keeping a good level of fitness, most 25 to 34 year olds were still comfortable with using dating apps, and working out online.

Besides the notorious presence of the dark web, there are cyber attacks, viruses and especially the risk of personal data protection not functioning. Speaking of personal data, in 2020, more than 90 percent of the French population, the deletion of personal data was rated as important, a factor that has been rated high since 2016.

Source: Statista

https://www.statista.com/topics/6421/internet-usage-in-france/#dossierKeyfigures

BSA's Digital Policy Recommendations for France in 2022

Digital technology, particularly enterprise software, is transforming the way we work and live. Enterprise software helps governments and businesses operate more efficiently and securely, increases opportunities for innovation, and underpin growth in every sector of the global economy

As France enters a new political cycle, strengthening the country's digital transformation and deepening its role as a European powerhouse in a globalized world should be among the top priorities of the incoming government.

Strengthen the Digital Transformation of France, Its Society, Administration, and Industries

Continue IT Modernization for Public Administration and Businesses

Before the Covid-19 pandemic, 75 percent of the value created online globally came from traditional industries like agriculture, logistics, and manufacturing.3 The pandemic has accelerated the digitalization of societies and economies worldwide. It also underlines the need for a long-term, open-market approach, building on the recovery, investment, and digital transformation plans already set in motion at the French and European levels.

RECOMMENDATIONS

Support Digital Technologies Uptake. French companies can benefit from adopting software technologies to advance their digital transformation, reinforce their competitiveness, and support the green transition of the economy,4 but currently, approximately only 30 percent of French companies digitize their operations. The National Recovery and Resilience Plan aims for 25 percent of investments to support the digital transition. This plan should be leveraged fully—it is an opportunity to modernize the French economy further and build more resilient businesses and organizations.

Promote Open Government Data and Voluntary Industry Data Sharing. The benefits of open data cut across sectors and the 2016 "Loi pour une République numérique" has made France a front-runner in this area. Government-generated data can be a powerful engine for creating jobs and promoting economic growth when open government data is encouraged. Promoting voluntary industry data sharing and data sharing within the public sector will contribute to fully embracing the benefits of open data.

Prioritize Cybersecurity. Cybersecurity threats are constantly on the rise and affect all types of organizations. Building on the February 2021 Cybersecurity Strategy, the government should incentivize cybersecurity preparedness, risk management, and investigative and remediation capacity building across public and private organizations, through investment and awareness-raising campaigns.

Bridge the Skills Gap. France must help its workforce transition and adapt to meet the requirements of the new digital economy. Digital education and data literacy should be promoted for everyone and across all stages of life, from primary schools and universities to vocational training and "re-skilling." This also comes with creating more diversity in education and technology career fields, reducing dropouts, and increasing these careers' attractiveness to diverse profiles. According to some estimates, there will be 230,000 job openings in the digital sector in France by 2025.

Enable French Businesses to Compete Globally

With an estimated 60 percent of global GDP being digitized by 2022, French businesses must be able to compete globally and access the technology they need to do so.6 As the European Strategy for Data rightly points out, "European companies operate in a connected environment that goes beyond EU borders, so that international data flows are indispensable for their competitiveness.

RECOMMENDATION

Protect International Data Flows. International data flows help ensure privacy, security, and resilience online. Data flows are essential to using digital tools such as the cloud, data analytics, and artificial intelligence (AI), and are therefore vital to the functioning and competitiveness of French and European companies of all sizes and across sectors.8 Imposing unjustified or disproportionate restrictions to the movement of data across borders creates unnecessary costs, difficulties, and uncertainties that hamper digital transformation, competitiveness, and investments.9 Their impact is first felt by small- and medium-sized companies, which struggle to meet data localization requirements. Policy action, whether on privacy, industry, or trade, must abide by the principle of free and secured movement of personal and non-personal data in Europe.

Deepen the Role of France as a European Powerhouse in a Globalized World

Keep France and Europe Open to the World Europe has a long tradition of openness within its borders and to the world, particularly in international commerce and trade, and in the movement and exchange of technologies, knowledge, and ideas. France's and Europe's resilience is closely linked to their ability to be part of global supply chains in an economy that increasingly relies on international data sharing.

RECOMMENDATION

Pursue an Open and Collaborative Approach to Digital Sovereignty. Digital sovereignty must and can be seen as an open approach, which will build confidence in digital tools, facilitate data exchange, and maximize the benefits of innovation. What should matter is not where a company comes from but its strong commitment to Europe and its values, investment in European talent, trustworthiness in data management, and efforts to strengthen Europe's technological development.

Build on Existing EU Rules, Values, and Globally Agreed Disciplines

The French and European policy and legal frameworks are a solid basis for further defining rules for the global digital economy. As France assumes the Presidency of the EU Council in 2022, it will continue to roll out Europe's ambitious digital policy agenda. The focus should remain on keeping an open market approach and tailoring legislation to address clearly identified problems, taking into account the specificities of all actors in the digital value chain.

RECOMMENDATIONS

Ensure a Risk-Based Approach in the Artificial Intelligence Act.11 The AI Act is an opportunity to design a governance and enforcement system that fosters AI accountability and innovation by focusing on high-risk AI while ensuring that the obligations and responsibilities for AI providers and users reflect the nature of AI as a service and the diverse AI ecosystem.

Integrate Cloud Policy in the European and International Ecosystem. Many legislative or industrial initiatives involving cloud computing are emerging at the European level or have a European character.12 These efforts should be synchronized at the EU level to avoid a fragmentation of the Digital Single Market and promote harmonized security criteria across Europe.

Pursue Tailored, Effective, and Proportionate Policies in the Digital Services Act (DSA) and Digital Market Act (DMA).13 The EU's proposed DSA and DMA should strengthen online responsibility and accountability while avoiding a one-size-fits-all approach that would not cater to the specific problems they aim to solve or to diversity of roles across the value chain.

Promote a Risk Management Approach to Cybersecurity in the NIS 2.0 Directive.14 The review rightfully aims at raising the bar of cybersecurity preparedness and resilience for a set of critical sectors in Europe. NIS 2.0 should lead to workable, effective, practical rules, avoiding prescriptive behavior and allowing organizations to adapt measures and processes to the risks they face and their security needs.

Strengthen International Partnerships

Europe's prosperity and international leadership position is built on a lasting commitment to the movement and exchange of knowledge, ideas, and technologies. At a time when trade barriers and digital protectionism are on the rise across the globe, Europe and its allies must remain thought leaders on valuebased digital policy and multilateralism.

RECOMMENDATION

Collaborate with Like-Minded Partners on Global Digital Governance. As economies and societies become increasingly digital and more global, agreeing on common digital policy principles and ensuring convergence and interoperability of rules are prerequisites for security and prosperity online. France and Europe should continue to engage constructively in e-commerce negotiations at the World Trade Organization and work with like-minded allies to agree on a set of principles for government access to data. France should also continue to engage in OECD and G7 discussions to build a shared global consensus on the free flow of data.

Source: The Software Alliance

https://www.bsa.org/files/policy-filings/en12012021frenchmanifesto.pdf

France Digital Marketing Software Market Size, Share & Trends Analysis Report By Solution (CRM Software, Social Media Advertising), By Service, By Deployment, By Enterprise Size, By End Use, And Segment Forecasts, 2022 - 2030

Report Overview

The France digital marketing software market size was valued at USD 1.25 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 20.0% from 2022 to 2030. The market growth is driven by the rising demand for mobile devices, smartphones, and other latest devices, due to a mix of influences from the development of new technologies, new smartphones, and more competition with social apps. Advertisers rapidly turn to mobile advertising as smartphone usage rises and high-speed mobile networks spread. Digital marketing has been established as the most efficient form of mass communication. Digital marketing has evolved as a thriving sector in France.

As marketers rely on data to make business choices, businesses are experimenting with new technologies to boost transparency and trust. In many end-use sectors and industry verticals, the market has developed through time in response to incumbents' technological improvements and changing needs, according to research conducted by Adobe, Inc., improvement of digital customer experience is the top priority for around 28% of firms in France.

Several businesses are forming strategic partnerships with end-users to help them better their digital marketing efforts. Furthermore, enterprises in France are investing in first-party data; thus, using digital marketing tools to improve client attention and facilitate better first-party data will be beneficial.

The COVID-19 pandemic, which caused a fundamental shift in how people use various apps, has had a favorable impact on the French market for Digital Marketing Software. The market's expansion is attributable to the fast-paced and rapidly changing technological environment of COVID-19 and businesses' dynamic efforts to keep their systems up-to-date on the latest technology to stay ahead of market competitors.

As a result, application developers have been reviewing their advertising settings and bolstering their capacities to encourage greater accountability and transparency with customers throughout the pandemic and in the aftermath of the economic crisis.

Security issues and data concerns hamper the digital marketing software market. With the market vendors expanding geographically, customer reach is expected to increase, and a large amount of data will get registered; thus, security and data concerns are anticipated to pose a challenge.

Key market giants such as Oracle Corporation, Salesforce, Inc., International Business Machines Corporation, and others, on the other hand, are following an organic strategy of acquiring marketing technology startups to produce marketing solutions that would improve their clients' data protection. Despite market vendors' best efforts, this issue continues to be a challenge for the business.

Solution Insights

The CRM software segment accounted for the largest revenue share of over 20% in 2021. In France, CRM software is used by more than half of enterprises in the information and communication sector to handle and analyze customer data. CRM adoption is three times higher in larger businesses than in SMEs.

In the coming years, the CRM market in the country is predicted to grow at an unprecedented rate. According to Statista, 76% of mid-size businesses in France used CRM tools to execute their marketing plan, with 35% declaring that they have fully integrated it.

Social media is expected to grow significantly during the forecast period. Furthermore, social media and digital marketing demand have increased as Artificial Intelligence (AI) and data-driven marketing expand. Many e-commerce companies have used augmented reality in the retail segment, allowing customers to try the items before purchasing them.

Moreover, customers adopted virtual reality transitioning from a specialized interest to general acceptance as the virus spread through virtual meetings, virtual exercise, and other activities. All such advanced technologies take a toll on the market, positively impacting the digital marketing software market.

Service Insights

The professional services segment accounted for the largest market share of over 65%% in 2021. Many businesses now hire professionals to help them with their digital offerings. Many innovations and strategy firms, on the other hand, have continued to expand.

Professional services assist companies in making better use of their resources, reducing administrative expenses, and increasing revenues. As the demand for skilled and competent professionals with expertise in managing, installing, and troubleshooting software develops, professional services are expected to increase.

The managed services segment is anticipated to register significant growth over the forecast period. The expanding need for cloud-based managed services and companies' increased reliance on IT assets to improve company productivity are driving the managed services industry forward.

Organizations of all sizes and verticals rely on managed service providers to help them use technology to transform and scale their operations in France to maintain a competitive edge. Managed service providers are partnering with other firms to enhance their range of offerings by providing the proper knowledge, solutions, and pricing structures to fulfill cus1tomers demands.

Deployment Insights

The cloud segment accounted for the largest revenue share of over 70% in 2021, as it helps enterprises to lower costs and establish a command center to track, organize, and coordinate many aspects of their digital marketing campaign. The versatility of cloud-based deployment of Digital Marketing Software is increased, allowing businesses to tailor products and services on a broad scale.

Cloud deployment's ease of use allows even the most experienced users to administer the server themselves, focusing solely on application development and operation. The emergence of cloud-based digital marketing software is part of a trend toward concentrating and accumulating computer services and data to increase a company's efficiency through cost savings and automation.

The on-premise deployment segment is expected to register considerable growth over the forecast period. Many businesses still choose the on-premise deployment strategy because of the security benefits. Vendors in the market are now concentrating on integrating an on-premise data center with the cloud.

End-users in highly regulated industries like healthcare and financial services are more likely to choose an on-premise deployment approach, fueling the growth of the on-premise market. Furthermore, cloud-specific technologies are housed on-premises in a data center with multiple commodity machines running the same system software in a private cloud.

Enterprise Size Insights

The large enterprises segment accounted for the largest market share of over 54% in 2021. Large companies use digital marketing to lower costs and increase flexibility for their marketing efforts. As these organizations have established brand awareness and want to persuade potential customers to convert, large firms want to employ digital marketing to stand out from the competition.

Digital marketing software creates opportunities to incorporate multiple media types into their marketing and increase access to customer purchase journeys through social media and email marketing.

The Small and Medium Enterprises (SMEs) segment is anticipated to register significant growth over the forecast period. SMEs use the digital marketing solution to extend their customer base at a minimal cost, enhance conversion rates, and increase ROI from digital advertising.

The growth is expected to be fueled by the government's increasing engagement in providing finance to small and medium businesses to help them embrace digitization. Since they attempt to break into competitive marketplaces, SMEs employ digital marketing to increase brand awareness.

End-use Insights

The BFSI segment accounted for the largest market share of over 20% in 2021. In recent years, online and mobile banking has grown in popularity in France. The number of people using online banking services has risen in tandem with the advancement of new technology. Digital banks are financial technology companies that provide many services as traditional banks, but over the internet and via a digital device.

Neo-banks are imposing their model on France as part of this new financial system, gaining increasing attention. Banks and credit unions are adopting digital marketing software to explore new markets, improve awareness, and reinforce corporate culture messaging, which has increased demand for these solutions; thus, the sector has various growth opportunities over the forecast period.

Media and entertainment companies are focusing on developing online advertising tactics to capitalize on the widespread use of smartphones and the ongoing deployment of high-speed data networks. Compared to traditional marketing methods, the sector uses digital marketing software to increase interaction, which has increased audience connection and decreased numerous administrative expenditures.

Media and entertainment will continue to adapt swiftly to industry-wide changes and pandemic-driven demographic shifts. Digital marketing software has aided businesses in improving content, video marketing, and other critical details, resulting in improved profitability for enterprises; as a result, the need for digital marketing has grown in the country.

Key Companies & Market Share Insights

Several market players are active in the market, including both established players with worldwide operations and regional and local market players catering to a limited number of clients. Hence, the France Digital Marketing Software market can be described as a highly fragmented market characterized by intense competitive rivalry.

In response to the intensifying competition, some market players are upgrading their existing products and launching new products. For instance, in January 2021, SAP SE invested around USD 68.4 million to accelerate the country's multi-cloud strategy and empower customers toward digital transformation.

Market incumbents are tweaking their business strategies in line with the proliferation of smartphones and the growing preference for personalized advertising. They are also pursuing various initiatives, such as strategic partnerships and acquisitions, to remain competitive in the market.

For instance, in February 2021, HubSpot, Inc. announced its agreement to acquire The Hustle, a media company that provides newsletters, podcasts, and premium research content. With this acquisition, HubSpot aims to provide its network of scaling businesses with more valuable content across a broader range of topics and media. Some prominent players in the France digital marketing software market include:

Adobe, Inc.

Hewlett Packard Enterprise Company

Hubspot, Inc.

International Business Machines Corporation

Microsoft Corporation

Oracle Corporation

Salesforce.com, Inc.

SAS Institute, Inc.

SAP SE

Sendinblue

Report Attribute
Details
Market size value in 2022
USD 1.46 billion
Revenue forecast in 2030
USD 6.27 billion
Growth rate
CAGR of 20.0% from 2022 to 2030
Base year for estimation
2021
Historical data
2017 - 2020
Forecast period
2022 - 2030
Quantitative units
Revenue in USD million and CAGR from 2022 to 2030
Report coverage
Revenue forecast, company ranking, competitive landscape, growth factors, and trends
Segments covered
Solution, service, deployment, enterprise size, end use
Country scope France
Key
companies profiled
Adobe, Inc.; Hewlett Packard Enterprise Company; Hubspot, Inc.; International Business Machines Corporation; Marketo, Inc.; Microsoft Corporation; Oracle Corporation; Salesforce.com, Inc.; SAP SE; SAS Institute, Inc.; Sendinblue
Customization scope
Free report customization (equivalent up to 8 analysts working days) with purchase. Addition or alteration to country & segment scope.
Pricing and purchase options
Avail customized purchase options to meet your exact research needs.
Explore purchase options

Segments Covered in the Report

This report forecasts revenue growth at the country level and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2030. For this study, Grand View Research has segmented the France digital marketing software market report based on solution, service, deployment, enterprise size, and end-use:

Solution Outlook (Revenue, USD Million, 2017 - 2030)
CRM Software
Email Marketing
Social Media
SEO Marketing
Content Management
Marketing Automation
Campaign Management
Others

Service Outlook (Revenue, USD Million, 2017 - 2030)
Professional Services
Managed Services

Deployment Outlook (Revenue, USD Million, 2017 - 2030)
Cloud
On-premise

Enterprise Size Outlook (Revenue, USD Million, 2017 - 2030)
Large Enterprises
Small & Medium Enterprises
(SMEs)

End-use Outlook (Revenue, USD Million, 2017 - 2030)
Automotive
BFSI
Education
Government
Healthcare
Manufacturing
Media & Entertainment

Others

Source: GrandViewResearch

https://www.grandviewresearch.com/industry-analysis/france-digital-marketing-software-market-report

Leading Companies

Axway Group (XPAR: AXW)

The parent company of the international Axway Group is the French company, Axway Software S.A. (XPAR: AXW).

https://www.axway.com/en/locations

For details, see the Simplified Group structure at 31 December 2019 in:

Axway 2019 Universal Registration Document

https://investors.axway.com/en/calendar-publications/annual-reports

Who We Are

A long-standing specialist in Middleware markets and the 5th largest software publisher in France*, Axway enables more than 11,000 customers worldwide to create networks for exchanging information between their various IT applications.

Axway develops, distributes, integrates and maintains its own solutions to enable optimized data flow governance in the most complex organizations.

Axway infrastructure solutions pave the way for unique digital experiences by connecting all stakeholders in the same ecosystem, whether they are people, systems or entire companies.

The Axway Group, whose General Management is based in Phoenix, USA and Paris - France, is a resolutely international group with approximately 1,850 employees worldwide and its solutions deployed in more than 100 countries.

https://investors.axway.com/en/about-axway/axway-business-and-strategy

Who we are

Axway is an enterprise integration company that's been around for over 20 years, quietly working behind the scenes to digitally transform enterprises of all sizes -- more than 11,000 in 100 countries at last count. Our years of experience as pioneers in managed file transfer, B2B integration, API management, content services, and other mission-critical solutions continue to be a big difference-maker to our customers.

But it's your customer's experience that really drives us. After all, no matter what your industry, you're in the customer service business. Our team helps deliver brilliant digital experiences that extend the value of your heritage infrastructure and empower you to interact with customers wherever and however they want to engage.

What we do

Axway revitalizes heritage IT infrastructures to enable brilliant digital customer experiences, unlock new business innovation and capabilities, and put companies like yours on a secure, future-proof path for growth.

We accelerate your plans for innovation by automating processes and eliminating latency, opening up opportunities for you to monetize new and existing workflows. And we simplify security and governance, making it possible for you to access data for improved operational efficiency without exposing your business to risk. You can collaborate and share data safely outside the walls of your enterprise, and comply with process visibility and auditability policies.

How we do it

With AMPLIFY™, Axway's enterprise integration platform, you can use the IT infrastructure you already have to move to the cloud and enrich your customer experience. You'll accelerate innovation by rethinking your integration, API, and service delivery. And you'll be able to securely extend your reach through third party data and processes.

https://www.axway.com/en/about-axway

Axway Software: Very strong start to the year in Q1 2023

27 April 2023

Annual Recurrent Revenue (ARR)1 of €196.8m, up 12.3% on end-March 2022

Quarterly revenue up 10.3% organically and 7.3% overall

Very strong growth in revenue from the Subscription activity over the quarter (+53.1%)

Acquisition of the Belgian company AdValvas specialized in electronic invoicing

Axway (Euronext: AXW.PA) recorded a very strong start to 2023 during the first 3 months of the year. Following the exceptional performance achieved in Q4 2022, the company once again outperformed expectations in terms of revenue in Q1. Over the period, the company's activity grew strongly thanks to further acceleration of its subscription-based offerings, which in all their forms continue to convince numerous customers around the world.

With a continued focus on customer engagement and satisfaction through a streamlined product portfolio, Axway continues to build a growing and profitable business model that offers progressively more visibility to all its stakeholders. Thanks to highly flexible engagement methods that support customers at their own pace and according to their needs, Axway's installed base is now clearly accelerating its transition to the cloud. This is reflected in a significant increase in the value of bookings, which were up 176% in the quarter compared to Q1 2022.

As announced April 19th, Axway finalized the acquisition of the Belgian company AdValvas, a European expert in electronic invoicing processes. This new acquisition strengthens Axway's position as a leader in B2B integration by providing the company with additional capabilities in the area of invoicing and compliance. These include integrated support for the European PEPPOL invoicing network and the e-commerce VAT reform in France, as well as several other B2G (Business-to-Government) and B2B e-invoicing mandates worldwide. Due to the relative size of this acquisition compared to Axway as a whole, details of the transaction have not been disclosed.

Finally, Axway is pleased to announce the return of its annual Axway Summit series of events. In Q2 2023, the company will bring together its customers, partners and team members at 3 major regional events in Brussels, Scottsdale and Sao Paulo to present the latest developments in its markets and technologies with the world's most advanced companies and experts in the field.

Patrick Donovan, Axway's Chief Executive Officer, said:

"I am extremely pleased that we have been able to continue our momentum from Q4 2022 into Q1 2023. The Axway team continues to meet its goals and exceed expectations, not only in terms of bookings and revenue, but also in many of our key initiatives. Given the comparatively weaker first 3 quarters of 2022, we had budgeted for a strong start in 2023. This momentum is confirmed and should continue over the first semester. When taking into account the record set in the 4th quarter of 2022, the bar will be higher at the end of the year. The good launch of 2023 allows us to confidently confirm the revenue guidance made for the full year and I currently see that we should be towards the upper end of our margin forecast. On the M&A side, the recently announced acquisitions of AdValvas and DXchange.io (completed last summer) continue to expand the capabilities of our product portfolio, further enhancing the value we bring daily to our customers."

Revenue from the License activity was €2.1m for the first 3 months of 2023 (3% of total revenue), an organic decrease of 39.5% compared to the same period in the previous year. After several years of contraction due to the rise of subscription-based offers, license sales should gradually stabilize during the year.

Comments on Q1 2023 activity

In Q1 2023, Axway's revenue was €71.8m, up 10.3% organically and 7.3% in total. Currency fluctuations had a positive impact of €1.3m on quarterly revenue, mainly due to the appreciation of the US Dollar against the Euro. The scope effect for the quarter was negative by €3.1m following the different product portfolio rationalization operations finalized in H2 2022.

Axway Software: Revenue by business line

The Subscription activity once again posted very strong growth during the quarter, with revenue of €37.8m, representing organic growth of 53.1% compared to Q1 2022. Continuing its growth momentum across the major product lines in Axway's portfolio, the activity represented 53% of the company's total revenue for the period. Revenue recognized under Axway Managed contracts continued to grow at a steady and sustained pace, while Customer Managed revenue was again up sharply. During the quarter, the annual value of new subscription contracts (ACV) signed was €8.7m, up 28% on the previous year. Upfront revenues from new or renewed Customer Managed subscription contracts represented €16.3m for the quarter.

In line with forecasts, Axway's Maintenance activity generated revenue of €22.5m in the first quarter of 2023 (31% of total revenue), down 19.6% organically. This is due, as in previous quarters, to the continued migration of historical customers to subscription-based offerings.

At the end of March 2023, Axway's ARR (Annual Recurring Revenue) was €196.8m, up 12.3% on a like-for-like basis compared to the end of March 2022. This indicator, which combines recurring revenue from all active maintenance and subscription contracts, including, where applicable, upfront subscription revenue recognized on a monthly basis, provides good visibility into the predictability of Axway's business model. During the quarter, revenue from renewable contracts represented 84% of total revenue.

The Services activity grew organically by 5.4% in the first 3 months of the year, with revenues of €9.5m (13% of total revenue). After the good performance of 2022, the growth dynamic continued over Q1 2023 thanks to continued effective management of sales prices and assignments, particularly in Europe and the United States, where demand has been strong.

The Americas (USA and Latin America) generated revenues of €30.9m in Q1 2023 (43% of total revenue), with total growth of 1.9% and organic growth of 5.2%. This good performance reflects the strength of the Subscription activity and in particular the Customer Managed offers, which grew by more than 50%.

In Asia/Pacific, Axway's revenue amounted to €2.8m (4% of total revenue) for the quarter, representing an organic decline of 47.4% compared to Q1 2022, a high comparison basis due to the signing of several Subscription contracts that, at the time, generated significant upfront revenue.

Financial position at March 31, 2023

At March 31, 2023, Axway had cash of €25.1m and net debt of €62.7m.

Axway highlights that, if necessary, it has additional financing capacity available under its existing revolving credit facility.

2023 Targets & Outlook

For 2023, following the good performance of the first quarter, Axway confirms its annual objectives of organic revenue growth of between 0 and 3% and further improvement of profit on operating activities to reach 15 to 18% of revenue.

Axway's medium-term ambitions remain:

to achieve revenue of €500m through organic growth and acquisitions;

to deliver an operating margin on business activity approaching 20% of revenue.

https://investors.axway.com/sites/default/files/related_files/27042023_Axway_Q12023_EN_VFinal_Diffusion2.pdf

Berger-Levrault Group

The Berger-Levrault Group is headquartered in France and includes companies based in France, Morocco, Spain and Canada.

https://www.berger-levrault.com/berger-levrault-group/worldwide-presence/all

About us

A multi-sector international software publisher

Berger-Levrault devotes 90% of its digital business to supporting the day-to-day lives of public and private professionals and users: we provide management solutions and performance monitoring tools for citizens, families, elected officials, health care providers, educators and schools.

Research and innovation: the drivers of our inventions

Berger-Levrault is committed to a research and innovation strategy, based in particular on artificial intelligence techniques, to stay ahead of and incorporate for future use. Because we are convinced that tomorrow's solutions come from collaboration, we work with experts, universities, authors and clients.

In short

Glocal: think global, act local

Moving towards creativity with creative intelligence

Serving the digital transformation to benefit everyone

A modular offering of multi-industry solutions

https://www.berger-levrault.com/berger-levrault-group/who-are-we/

https://www.berger-levrault.com/fr/groupe-berger-levrault/

Cassiopae

Cassiopae S.A.S.has not been registered since May 2018.

Sopra Steria raises its stake in Cassiopae to 100% (27 January 2017)

Sopra Steria (Euronext Paris: SOP), a European leader in digital transformation, announced today that it had raised its stake in Cassiopae's holding company KSEOP to 100% through its subsidiary Sopra Banking Software.

For details, see:

https://cassiopae.com/sopra-steria-raises-its-stake-in-cassiopae-to-100/

Cegedim Group (XPAR: CGM)

The French company Cegedim S.A. (XPAR: CGM) is the parent of subsidiaries in the international Cegedim Group and is the only Group company which is listed. Cegedim S.A. is a subsidiary of FCB S.A., the active holding company of the Cegedim Group.

For details, see:

Cegedim Universal Registration Document 2019

https://www.cegedim.com/finance/profile/Pages/CegedimIR.aspx

Cegedim, solutions creator for all professionals

50 years of experience

Founded in 1969, Cegedim is a global technology and services company committed to innovation. Cegedim supplies services, technological tools, specialized software, data flow management services and databases. Its offerings are targeted notably at healthcare professionals, healthcare industries, life science companies, and health insurance companies.

Cegedim employs almost 5,000 people in more than 10 countries and generated revenue from continuing activities of €504 million in 2019.

Cegedim : data, digital, and network technology experts.

Cegedim is specialized in healthcare sector and B2B digital data flow management, and in business software for healthcare and insurance professionals. The Group is also active in human resources management and digitization services for all types of industries. Cegedim's businesses are grouped into divisions based on the type of customer and the service offered:

Health insurance, HR and e-services,

Healthcare professionals,

Corporate and others.

https://www.cegedim.com/about-us/company/Pages/presentation.aspx

https://www.cegedim.com/finance/profile/Pages/activities.aspx

Cegedim: first-half 2023 revenues grew at a double-digit pace

12.2% revenue growth in the second quarter, giving first-half growth of 12.5%, led by BPO division

Successful launch of the Allianz BPO contract

Public health investments (Ségur de la Santé) contribute €4.3m over the first-half

Boulogne-Billancourt, France, July 27, 2023, after the market close

Cegedim generated consolidated first-half 2023 revenue of €301.0 million, up 12.5% on a reported basis and 12.1% like for like(1) compared with 2022. All divisions contributed to the growth, sustaining the good sales momentum seen in the previous quarter. Work on the new contract with Allianz started April 1, 2023, and helped boost the BPO division's firsthalf revenue growth to nearly 30%.

Analysis of business trends by division

Cegedim Santé kept its pace of like-for-like growth above 20%. Ségur public health projects contributed €4.3 million over the first half.

Other French businesses grew at the same pace as in the first quarter, 6.2%, driven by the HR segment and other services.

International businesses built on good first-quarter trends and grew 15.2% in the second quarter, notably in the UK in the doctor and insurance segments.

Flow

The electronic invoicing and digital data flow business grew 7.4%. Both French and international activities contributed to the growth.

The digital data flow business dealing with reimbursement of healthcare payments in France (Third-party payer) experienced 1.2% year-on-year growth in the second quarter and +5.5% over the first half. Invoicing related to the Allianz third-party payer contract now falls under BPO services (switch was made on April 1).

Data & Marketing

Data activities grew 16.5% yoy in the second quarter, giving 10.7% growth in the first half, led mainly by sales in France.

In Marketing, advertising in pharmacies continued to grow in the second quarter (+5.6%), reaching growth of nearly 9% for the half.

BPO

Insurance BPO growth amounted to 65% in the second quarter and 42% in the first half, led by the April 1, 2023, start of the Allianz contract.

Development in BPO for HR departments continues, with growth of 9.4% over the second quarter.

Highlights

To the best of the company's knowledge, there were no events or changes during the first half of 2023 that would materially alter the Group's financial situation.

War in Ukraine

The Group does not do business in Russia or Ukraine and furthermore has no assets exposed to those countries.

Significant transactions and events post June 30, 2023

To the best of the company's knowledge, there were no post-closing events or changes after June 30, 2023, that would materially alter the Group's financial situation.

Outlook

Based on H1 2023 revenues up 12.1% like for like(1), and despite the public health, economic, geopolitical, and monetary uncertainty facing the world, the Group is confident it can grow full-year revenues by at least 10% like for like(1) and improve its recurring operating income.

The Group does not expect to make any significant acquisitions in 2023.

https://www.cegedim.com/Communique/Cegedim_Revenue_1H2023_ENG.pdf

Cegid Group

Cegid, a global leading provider of cloud business management solutions for finance (treasury, tax, ERP), human resources (payroll, talent management), CPAs, retail and entrepreneurial sectors, announced today that it has entered into a definitive agreement to combine with Grupo Primavera, a leading cloud business management software platform in the Iberia region. The all-share transaction creates a strong business management software provider in Iberia and accelerates Cegid's international expansion, valuing the combined company at approximately €6.8 billion.

The combination of Cegid and Grupo Primavera underscores Cegid's position as a strong provider of cloud-based management solutions. Building on Cegid's Retail and Tax offerings in Iberia that were augmented significantly with leading Human Resources solutions by the acquisition of Meta4 in 2019 and the more recent acquisition of VisualTime, the addition of Grupo Primavera firmly establishes Cegid's leadership in Iberia and offers exciting expansion opportunities for Grupo Primavera through Cegid's presence in Latin America.

About Grupo Primavera

Grupo Primavera is an independent business software platform in the Iberian market that offers a wide range of cloud-based software solutions covering invoicing, accounting, payroll and Enterprise Resources Planning Software (ERP). These offerings serve a broad spectrum of customer sizes with focus on entrepreneurs, SMB and mid-market segments across Spain, Portugal and Africa, together with a strong footprint in accountants. The group began its activity in 2019, backed by British private equity firm Oakley Capital, with the acquisition of Ekon and the creation of a strong management team led by Santiago Solanas. With that team, Oakley acquired 11 further companies, including the transformative acquisition of Primavera BSS in 2021, to form the newly enlarged Grupo Primavera, which also includes Billage, Club del Asesor, Contasimple, Diez Software GSE, Professional Software (ProSoft) and Profiture in Spain, and Cloudware, Eticadata, Valuekeep and Yet in Portugal.

With a philosophy of constant innovation and its strategy of growing by growing its entire ecosystem, Grupo Primavera had a turnover of 76 million euros in 2021, has 165,000 paying customers, including 24,000 accounting firms, and is supported by a network of 500 partners in Spain and Portugal.

https://www.cegid.com/en/press/cegid-enters-into-a-definitive-agreement-to-combine-with-grupo-primavera/

Companies in the Cegid Group include the French companies Cegid Group S.A.S.U. and Cegid S.A.S.U.

Who are we?

We create innovative, purposeful business management solutions, designed to help professionals in retail, HR, payroll, tax and CPAs, achieve their goals. We were among the first companies to adopt and integrate cloud technology into our retail solutions, thanks to a culture of innovation and our unique industry expertise. We are ranked 3rd SaaS provider in France.

Unparalleled expertise in your industry

Our teams have unparalleled knowledge of all the specialist markets and business functions in which we operate, thanks to a strong ecosystem of technology and industry experts and worldwide partners. At Cegid, one team member in three works in R&D.

We go even further: we co-create our solutions with our clients. Several times a year, we gather our user clubs' network to listen to their feedback and deliver valuable updates and enhancements to our products.

Cutting-edge solutions

We handpick and customise the best technologies to answer your needs, in collaboration with our partners, global industry leaders and cutting-edge start-ups.

We are the first provider to offer 100% cloud-based solutions with augmented intelligence.

Experts in compliance and standards worldwide

Our team of legal, fiscal and international compliance experts monitors developments and analyses changes in regulations working with both local and government authorities, to help companies always stay one steps ahead.

Long-term and personalised support

Our technical and business experts support and accompany you in onboarding the solution, project deployment, solution enhancements and updates for your comfort and serenity.

https://www.cegid.com/en/about/

Claranova Group (XPAR: CLA)

(Formerly Avanquest (XPAR: AVQ))

The parent company of the international Claranova Group is the French company, Claranova S.E. (XPAR: CLA).

Brands include: Avanquest (internet), PlanetArt (mobile) and myDevices (IoT)

https://www.claranova.com/en

GROWTH ACCELERATOR

In recent years, Claranova has stood out for its command of major technological issues and its ability to systematically make each of its businesses a resounding success.

Claranova is an international technology group operating in three key markets: Internet, Mobile and IoT. In recent years, it has stood out for its command of major technological issues and its ability to systematically make each of its businesses a resounding success. Boosted by these achievements, for the past four years Claranova has enjoyed an average annual growth trajectory of 30% while improving its profitability, both through organic and external growth. The Group reports annual revenue of €262.3 million (FY 2018-2019), with operating profitability of 6.1%.

OUR EXPERTISE

Technological expertise

A fine understanding of all technological fields

Internet, Mobile, Internet of Things

30 years of experience worldwide

Strategic vision

Demonstrated ability to define a strategic vision

To innovate in any technological field

With new products, new services, new technologies

Innovative and agile business models

Ability to implement a multiplicity of different models

Using a new concept, find the "right" business model

Who will make the most sense to create lasting value in the field concerned

Execution capacity

Based on an idea, ability to create an activity of several hundred million

Combining strong growth, profitability and strong potential

A track record demonstrated in three technological fields

https://www.claranova.com/en/the-group/

https://www.claranova.com/le-groupe/notre-savoir-faire/

Q3 2022-2023 revenue

10 May 2023

Q3 2022-2023 revenue remains steady

FY 2022-2023 nine-month revenue up 9% to €405m

"Claranova achieved during the first nine months a growth in revenue of 9% to €405m. The diversity of our portfolio of activities assured us a steady revenue stream in the third quarter, despite an underperformance by PlanetArt reflecting a priority given to profitability and a less favorable exchange rate. And with Avanquest and myDevices delivering double-digit gains, we can confirm our goal of achieving growth in revenue of 10% and an improvement in EBITDA of between 25% and 30% for the full year. "

Pierre Cesarini, Chairman-CEO of Claranova.

Claranova reported revenue for the first nine months of FY 2022-2023 of €405m or growth of 9% at actual exchange rates compared to the previous year and 2% at constant exchange rates. All the Group's businesses grew both at actual exchange rates and like-for-like during the first nine months of FY 2022-2023

For the full release, see:

https://www.claranova.com/wp-content/uploads/2023/05/2023-05-10_CLA_CP_CAT3_2022_23_FR_EN_VD.pdf

Dassault Systèmes Group (XPAR: DSY)

The parent company of the international Dassault Systèmes Group is the French company, Dassault Systèmes S.E. (XPAR: DSY).

The principal subsidiaries are: Dassault Systemes Deutschland GmbH (Germany); Dassault Systemes Americas Corp. (USA) (the parent of Medidata Solutions, Inc. (USA); Dassault Systemes UK Ltd (UK); Dassault Systemes SolidWorks Corporation (USA); and Dassault Systemes K.K. (Japan) (the parent of Dassault Systemes Korea Corp. (South Korea) and Dassault Systèmes (Shanghai), Information Technology Co., Ltd (China)).

The Group provides end-to-end software solutions and services, designed to support companies' innovation processes, from specification and design of a new product, to its sale to the customer, through all stages of digital mock-up, simulation, and realistic 3D virtual experiences representing the end-user experience. The Group's global customer base includes companies in 11 industrial sectors: "Core Industries" comprised of Transportation & Mobility; Industrial Equipment; Aerospace & Defense; and a portion of Business Services. "Diversification Industries" includes companies in High-Tech; Life Sciences; Energy & Materials; Home & Lifestyle; Construction, Cities & Territories; Consumer Packaged Goods & Retail; Marine & Offshore and a portion of Business Services. To serve its customers, the Group has developed a broad software applications portfolio, comprised of 3D modeling applications, simulation applications, social and collaborative applications, and information intelligence applications, powered by its 3DEXPERIENCE platform.

For details, see:

Dassault Systèmes Annual Report 2019

https://investor.3ds.com/

Dassault Systèmes, the 3DEXPERIENCE Company, is a catalyst for human progress. We provide business and people with collaborative 3D virtual environments to imagine sustainable innovations. By creating virtual experience twins of the real world with our 3DEXPERIENCE platform and applications, our customers push the boundaries of innovation, learning and production. Dassault Systèmes brings value to more than 270,000 customers of all sizes, in all industries, in more than 140 countries.

For the full story, see:

https://www.3ds.com/

https://www.3ds.com/newsroom/

Who are we?

La Fondation Dassault Systèmes® was set up by Dassault Systèmes, the 3DEXPERIENCE Company and world leader in 3D design software. Serving science, technology and art for a sustainable society, Dassault Systèmes and its 15,000 passionate employees strive to transform the way to innovate. Its mission is to provide business and people with 3DEXPERIENCE universes to imagine sustainable innovations capable of harmonizing product, nature and life. With its 3DEXPERIENCE platform, it connects designers, engineers, business entities and consumers in a new social enterprise. La Fondation is actively contributing to transforming the learning experience by offering academic and research institutions opportunities to leverage the power of experience to learn better and faster by transforming the way people interact with, and discover, the world around them.

https://www.lafondation3ds.org/about

Dassault Systèmes: Outperforming Third Quarter; Confirming Full-Year Objectives

VELIZY-VILLACOUBLAY, France — October 25, 2023 — Dassault Systèmes (Euronext Paris: FR0014003TT8, DSY.PA), today announced IFRS unaudited financial results for the third quarter ended September 30, 2023. The Group's Board of Directors approved these results on October 24, 2023. This press release includes financial information on a non-IFRS basis and reconciliations with IFRS figures in the Appendix.

Summary Highlights

(unaudited, IFRS and non-IFRS unless otherwise noted, all revenue growth rates in constant currencies)

3Q23: Software revenue up 12%, above high end of our target range;

3Q23: Subscription revenue up 18%, accelerating sequentially, driven by an increasing share of large 3DEXPERIENCE deals and broad-based adoption of the subscription model;

3Q23: Strong rebound in licenses & other revenue, up 20%;

3Q23: 3DEXPERIENCE delivered a remarkable growth of 46% in software revenue;

3Q23: Non-IFRS Operating Margin of 31.0%, representing a 50 basis point improvement excluding effects from currency exchange, compared to the same period last year;

3Q23: Non-IFRS Diluted EPS at €0.28, up 7% as reported, or 20% in constant currencies, outperforming objectives;

FY2023: Confirming revenue growth of 8%-9% and increasing diluted EPS by 1 cent to now €1.19-€1.21. Well on-track to achieve our five-year plan of doubling EPS by 2023 as initially planned.

About Dassault Systèmes

Dassault Systèmes, the 3DEXPERIENCE® Company, is a catalyst for human progress. We provide business and people with collaborative virtual environments to imagine sustainable innovations. By creating virtual twin experiences of the real world with our 3DEXPERIENCE platform and applications, our customers can redefine the creation, production and life-cycle-management processes of their offer and thus have a meaningful impact to make the world more sustainable. The beauty of the Experience Economy is that it is a human-centered economy for the benefit of all - consumers, patients and citizens. Dassault Systèmes brings value to more than 300,000 customers of all sizes, in all industries, in more than 150 countries. For more information, visit
https://www.3ds.com

https://www.3ds.com/newsroom/press-releases/dassault-systemes-outperforming-third-quarter-confirming-full-year-objectives

eFront Holding S.A.S. (NYSE: BLK)

The parent of the French company, eFront Holding S.A.S., is the United States company, BlackRock, Inc. (NYSE: BLK).

See:

BlackRock 2019 Annual Report

https://ir.blackrock.com/financials/annual-reports-and-proxy/default.aspx

eFront is the leading technology solution for alternative investment management, covering the needs of all alternative investment professionals end-to-end, from fundraising and portfolio construction to investment management and reporting. With more than 850 clients in 48 countries, eFront services clients worldwide across all major alternative asset classes.

In 2019, eFront was acquired by BlackRock and integrated with Aladdin®, its investment technology, bringing together public and private asset classes to deliver the industry-leading multi-asset investment platform.

https://www.efront.com/about-us/

BlackRock Reports Full Year 2021 Diluted EPS of $38.22, or $39.18 as adjusted Fourth Quarter 2021 Diluted EPS of $10.63, or $10.42 as adjusted

New York, January 14, 2022 - BlackRock, Inc. (NYSE: BLK) today reported financial results for the three months and year ended December 31, 2021.

$540 billion of full year total net inflows, reflects 6% organic asset growth and 11% organic base fee growth, led by record flows in ETFs and active strategies

$212 billion of quarterly total net inflows positive across all client types, investment styles and regions

20% increase in full year revenue includes record organic growth, record performance fees and continued growth in technology services revenue

31% increase in full year GAAP operating income and 20% increase in diluted EPS reflect the impact of a charitable contribution in 2020, which was excluded from as adjusted results

19% growth in full year as adjusted operating income includes the impact of higher fund launch costs and amortization of intangible assets in the current year

16% increase in full year as adjusted diluted EPS also reflects a higher effective tax rate, partially offset by higher nonoperating income in the current year

$3.7 billion returned to shareholders in 2021, including $1.2 billion of share repurchases

18% increase in quarterly cash dividend to $4.88 per share approved by Board of Directors

Laurence D. Fink, Chairman and CEO:

"BlackRock delivered the strongest organic growth in our history, even as our assets under management reached new highs. We generated $540 billion of net inflows in 2021, including an industry leading $267 billion of active net inflows. "Our business is more diversified than ever before - active strategies, including alternatives, contributed over 60% of 2021 organic base fee growth. Our industry-leading iShares® ETF platform remained a significant growth driver with record flows of $306 billion. And our technology services businesses, powered by Aladdin®, delivered $1.3 billion in revenue with ACV up 13% year over year. "Our record results across each of our strategic priorities demonstrate the benefits of continually investing in our platform over years ahead of our clients' needs, and the tireless commitment of our employees. Our strategy is resonating - we're building deeper partnerships with our clients and other stakeholders, and delivering durable returns for our shareholders. "As the world continues to navigate uncertainty and profound shifts in economies and societies at large, BlackRock remains focused on helping our clients meet their investment goals. Every dollar that is entrusted to us, by every client, is treated with the same care and responsibility. BlackRock enters 2022 better positioned than ever - we remain confident in our ability to continue generating differentiated organic growth over the long-term and helping more and more people experience financial wellbeing."

CAPITAL MANAGEMENT

BlackRock's Board of Directors approved an 18% increase in the quarterly cash dividend to $4.88 per share, payable March 23, 2022, to shareholders of record at the close of business on March 7, 2022.

For the full release, see:

https://s24.q4cdn.com/856567660/files/doc_financials/2021/Q4/BLK-4Q21-Earnings-Release.pdf

ESI Group (XPAR: ESI)

The parent company of the global ESI Group is the French company, ESI Group S.A. (XPAR: ESI).

https://www.esi-group.com/company/worldwide

About ESI Group

ESI Group is a leading innovator in Virtual Prototyping software and services. Specialist in material physics, ESI has developed a unique proficiency in helping industrial manufacturers replace physical prototypes by virtual prototypes, allowing them to virtually manufacture, assemble, test and pre-certify their future products. Coupled with the latest technologies, Virtual Prototyping is now anchored in the wider concept of the Product Performance Lifecycle™, which addresses the operational performance of a product during its entire lifecycle, from launch to disposal. The creation of a Hybrid Twin™, leveraging simulation, physics and data analytics, enables manufacturers to deliver smarter and connected products, to predict product performance and to anticipate maintenance needs.

ESI solutions help world-leading OEM's and innovative companies in making sure that their products will pass certification tests - before any physical prototype is built - and that new products are competitive in their market space. Virtual Prototyping addresses the emerging need for products to be smart and autonomous and supports industrial manufacturers in their digital transformation.

Today, ESI's customer base spans nearly every industry sector. The company employs about 1200 high-level specialists worldwide to address the needs of customers in more than 40 countries.

ESI Group is listed in compartment B of EURONEXT Paris.

https://www.esi-group.com/company/about-esi-group

https://www.esi-group.com/

Third Quarter and 9-month Revenues 2023

10 November 2023

All information below concerns 'constant perimeter'1, unless stated otherwise.

9-month Revenues: +6.8% at constant exchange rate (cer2) +4.0% YoY (year-over-year)

9-month Licenses: +10.0% cer, +7.2% YoY

9-month Recurring Revenues increased by +14.0% cer (+11.3% YoY) representing 90.0% of total revenues compared to 84.0% in 2022

ESI Group, Rungis, France, (ISIN Code: FR0004110310, Symbol: ESI), today reveals its revenue for the first nine months of 2023 (period from January 1 to September 30) and the third quarter of 2023 (period from July 1 to September 30).

Recent Key Events

On November 3, ESI Group and Keysight Technologies announced the completion of the acquisition of a controlling block of shares in ESI Group by Keysight Technologies.

On November 6, ESI Group's board of directors issued a favorable opinion on the tender offer to be initiated by Keysight Technologies. Consequently, a draft mandatory tender offer (« Offre publique d'achat ») has been filed by Keysight with the French Autorité des marchés financiers (the "AMF") on 7 November 2023 to acquire all the outstanding shares issued by ESI Group not already held by Keysight (the "Offer"), at a price of 155 euros per share in cash.

On the same day, ESI Group also announced changes to its board of directors and its CEO. The new chairman is Hamish Gray (SVP Corporate Services Keysight) et Olfa Zorgati was announced as the new CEO.

Third-quarter, year-to-year, and constant perimeter comparison

In Q3 2023, ESI Group generated sales of €20.7m (+5.9% cer, and -0.2% YoY) driven by licenses at €17.4m (+6.9% cer, +0.5% YoY). The impact of the forex rates intensified in Q3, primarily driven by the Japanese Yen variation against Euro.

9-month, year-to-year, and constant perimeter comparison

ESI Group's sales for the first 9 months of 2023 amounted to €104.1m (+6.8% cer, +4.0% YoY) compared to €100.1m for the same period last year, driven by licenses +10.0% cer. The ongoing growth of the ARR (Annual Recurring Revenue) is bolstering the Group's expansion, with a +14.0% cer increase, reaching €93.5 million compared to €84.0 million in the same period of 2022.

The business grew across all geographies at cer, led by EMEA with +10.0% growth. The 9-month 2023 sales geographical breakdown by region at current exchange rates is as follows: EMEA represents 48% (vs 45% in 2022), Asia represents 36% (vs 39% in 2022) and the Americas represent 16% (stable against 2022). The variations of the Japanese Yen continued to impact the Asian performance when looking at the numbers at current exchange rates.

Over the past 9 months, the Automotive industry has remained the primary driver of growth for ESI Group.

https://www.esi-group.com/news/third-quarter-and-9-month-revenues-2023

FIDUCIAL Group (XPAR: SACI)

The parent company of the international FIDUCIAL Group is the French company, FIDUCIAL Office Solutions (XPAR: SACI). Subsidiaries include the French companies, FIDUCIAL Informatique S.A.S., FIDUCIAL Technologies S.A.S. and FIDUCIAL Cloud S.A.S.

https://www.fiducial.fr/en/FIDUCIAL-Group-Company-information/International

https://www.fiducial.fr/en/FIDUCIAL-Group-Company-information/Who-are-we

https://www.fiducial.fr/fr/Tous-nos-sites

FIDUCIAL Informatique designs, develops and implements complete IT solutions to help companies, craftsmen, traders and professional with the management of their business.

https://www.fiducial.fr/en/FIDUCIAL-Group-Company-information/Our-business-areas

2015

FIDUCIAL Technologies buys out the company Kheops Organisation (turnover 15 m€, 15 employees). This acquisition allows Fiducial Technologies to upskill its expertise in the cloud technologies and telecommunications.

https://www.fiducial.fr/en/FIDUCIAL-Group-Company-information/Who-are-we

FIDUCIAL Cloud

For the French language site, see:

https://www.fiducialcloud.fr/

Who are we

A unique concept combining global service and local presence.

FIDUCIAL is the leading provider of multidisciplinary services for small businesses, craftsmen, traders, self-employed professionals, farmers etc. FIDUCIAL offers them a comprehensive and scalable range of value added products and services and provides expertise in optimizing clients' business management. As a real partner to business owners, FIDUCIAL allows its clients to fully focus on doing their core business.

Established in 1970 by Christian LATOUCHE, the founder and present Chairman, FIDUCIAL has been developing for 50 years thanks to uninterrupted growth dynamics. The firm is now represented in 78 countries with 17,700 people, a turnover of 1.710 billon dollars of which 1.090 billon euros in Europe.

By pooling complementary know-how, FIDUCIAL developed a thorough expertise in the fields of legal advice, audit, accounting and financial services. FIDUCIAL also developed a specific know-how enabling to offer IT solutions that are specifically designed for the clients' areas of activity, as well as website creation and cloud solutions. FIDUCIAL also offers a comprehensive range of security services and office solutions.

In Europe, FIDUCIAL's network of 810 offices with 12,000 people allows close relationships with the firm's 322,000 clients. This proximity strategy enables a combination of the longevity and power of an international firm with the flexibility and reactivity of a local partner.

https://www.fiducial.fr/en/FIDUCIAL-Group-Company-information/Who-are-we

Generix Group S.A. (XPAR: GENX)

We are present in 60 countries thanks to our subsidiaries and network of partners. More than 6,000 companies around the world use our SaaS solutions. The group's 550 employees provide daily assistance to our clients such as Carrefour, Danone, FM Logistic, Fnac-Darty, Essilor, Ferrero and Geodis in the digital transformation of their Supply Chains.

Our collaborative platform, Generix Supply Chain Hub, helps companies keep their promises to their customers. It connects companies to all their partners so together they can operate physical flows, digitize information flows, and collaboratively manage processes in real time. Generix Supply Chain Hub is intended for all actors in the supply chain: manufacturers, logistic service providers (3PL/4PL), and distributors.

https://www.generixgroup.com/en

Q1 2022/2023 REVENUES: €20.9M New SaaS contracts Q1 2022/2023: €1.2m Growth in SaaS revenues: 11%

Generix Group, Industrial, Logistics and Retail Ecosystems provider with leading Collaborative SaaS Solutions, publishes today its revenues for the 2022/2023 first quarter.

Paris, July 26, 2022

Revenues for the quarter amounted to €20.9 million, down 1.5% compared with the first quarter of the previous year.

Thanks to the good signing dynamics of the previous year, SaaS activity grew by 11% during the quarter. This strong growth was recorded in almost all the countries where Generix Group operates, and particularly internationally.

The slowdown in the Licenses activity observed in the second half of the previous fiscal year continued in North America, resulting in a slowdown in Consulting Services activity in this zone. In the other countries, Consulting Services activity grew by an average of 5% compared with the same period last year.

Q1 new SaaS contracts: €1.2 M

The volume of SaaS signatures for the first quarter of the year was €1.2 million.

As a reminder, the previous year had recorded a record level of signatures for a 1st quarter with a significant restart of activity after the health crisis.

Among these new signatures:

in France, a signature with a distribution group wishing to accelerate its digital transformation by equipping itself with Generix Group's EDI and Invoice Services solutions in SaaS mode. This contract completes a first SaaS migration with Generix Group's TMS solution in 2021.

in Spain, the adoption of the Generix WMS solution and Data Power for data analysis by a company specialized in the food industry.

Forecast

As indicated at the time of the presentation of the 2021/2022 results, the current financial year is subject to contrasting factors:

activity in Russia, currently stable but subject to changes in the international context

inflation and its impact on the increase in the wage bill

the expected recovery in North America after the low point in the second half of 2021-2022

the dynamic of SaaS signatures in the wake of the 2021/2022 rebound, and - continued R&D investment to support the competitiveness and performance of the Group's solutions.

On this basis, Generix Group confirms that it anticipates stronger growth in 2022/2023 than in 2021/2022, but stable EBITDA.

https://www.generixgroup.com/sites/default/files/2022-07/EXT-EN-FINA-CP-CA-Q1-2022-2023.pdf

Gfi Group

The parent company of the international Gfi Group is the French company, Gfi Informatique S.A.

The Gfi Group, present in more than 22 countries, is a leading provider of value-added IT services and software. Gfi occupies a differentiating strategic position between global firms and niche entities. The Group uses its multi-specialist profile to serve its clients with a unique combination of proximity, sector-based organisation and industrial-quality solutions. With around 20,000 employees, the Gfi Group generated revenue of €1,595 million in 2019.

A strong and sustainable Group

Gfi is one of the most high-performing digital and IT service companies on the market. Since 2011, the Group has experienced exceptional growth, twice that of the market, driven by its organic growth and numerous acquisitions.

Global presence

Internationally, the Group is present in Spain, Portugal, Belgium, Morocco, Switzerland, Luxembourg, Ivory Coast, Tunisia, Cameroon, UAE, Poland, England, Romania, Angola, USA, Mexico, Colombia, Brazil, Peru, Panama and Singapore.

GFI has more than 40 sites throughout France, including 18 sales branches.

https://gfi.world/fr-en/press

https://gfi.world/fr-en/group

https://gfi.world/fr-en/

Gfi: 2018 Annual Results

14 May 2019

Saint-Ouen (France), 14 May 2019 - The Board of Directors of Gfi, chaired by Vincent Rouaix, met on 29 March 2019 to review the consolidated financial statements for the year ended 31 December 2018.

PRO FORMA REVENUE OF €1.5 BILLION, OF WHICH 40% INTERNATIONAL

GFI ACCELERATES ITS INTERNATIONAL EXPANSION WITH FIVE ACQUISITIONS, INCLUDING REALDOLMEN IN BELUX ORGANIC GROWTH WELL ABOVE MARKET GROWTH: + 7.4%

REVENUE: €1,394.5 m (+23%, of which +7.4% organic)

OPERATING INCOME: €67.7 m (+21%)

ADJUSTED[1] NET INCOME: €43.3 m (+16%)

"The year 2018 is exceptional in more than one respect. First of all, by the success of the external growth operations carried out internationally, in particular the Takeover Bid on Realdolmen. 2018 then confirmed the Group's ability to achieve organic growth above market levels, thanks to the strength and quality of its offer. Finally, Gfi is improving its results and is experiencing very significant growth in its operating cash flow. In 2019, the Group will continue its international expansion," said Vincent Rouaix, Chairman and CEO.

STRONG ACTIVITY OF THE GROUP - TRANSFORMATION PLAN

Business in 2018 was very strong with organic growth of +7.4%. In concrete terms, all regions are growing organically, confirming the quality of the development and acquisition strategy implemented in recent years. Organic growth in France (€903.9m) at +6.9% is well above market growth, while internationally (€490.7m) the Group's growth is even stronger at +8.9%.

The Group's transformation necessarily involves growth and acquisitions, but also an in-depth evolution of its offer. This is why the Group has launched various projects as part of its Boost 2020 plan and has mobilized its teams around its unifying themes in order to meet digital challenges, increase the internationalization of its software offer, establish operational and industrial excellence, and develop the Mid-Market offer, among others. 2018 is in this respect a year of transition in which the Group has invested considerably without affecting its EBITDA, which increased by +22.5% to €107.8 million or +7.7%.

ACCELERATED INTERNATIONALIZATION THROUGH FIVE ACQUISITIONS DURING THE YEAR

While it considers that it has reached critical mass in France, since 2016 the Group has announced its intention to continue to strengthen its international presence. Taking into account the acquisitions made, the international share is 35% in the published financial statements and 40% on a pro forma basis. Facial revenue growth was +69.8%.

With approximately €600 million in international sales, five times more than in 2015, the Group now has a very strong presence in Iberia (€218.1 million), Belux and Eastern Europe (€350 million pro forma) and is developing very rapidly in Africa (€25 million pro forma).

Northern and Eastern Europe

Realdolmen: Realdolmen is recognized in Belgium and Luxembourg for its IT application services, IT infrastructure services, digital transformation and CRM offerings, as well as outsourcing services for medium-sized companies. Realdolmen also offers specific solutions in the health and financial sectors. In 2018, it generated a turnover of €284 million with a workforce of 1,224 people. Realdomen has been fully consolidated since June 1st, 2018, following the success of the takeover bid and the company's delisting.

Vauban: based in Romania, Vauban is an IT development service provider on behalf of third parties for major accounts, mainly in the banking, insurance, utilities and telecom sectors. With a workforce of around 380 people, the company has a turnover of around €10 million. Vauban has been consolidated since December 21, 2018.

Africa

Cynapsys: established in Tunisia and France, Cynapsys is a multi-specialist with a turnover of approximately €5 million and a workforce of 230 people. The company serves local and international clients in nearshore. Cynapsys has been consolidated in the Group's financial statements since March 1, 2018.

ValuePass: the first SAP-certified partner in French-speaking African countries, ValuePass has a turnover of around €5 million and a workforce of around 70 people. Value Pass has been consolidated since June 1st, 2018.

Iberia-Latam

Gesfor: based in Mexico City and Panama, the company has a turnover of around €12 million in the banking sector with 450 consultants and also serves the Group's major international clients in Iberia. Gesfor has been consolidated since March 1st, 2018.

GROWTH IN OPERATING INCOME OF +21% AND ADJUSTED NET INCOME OF +16%

Operating income amounted to €67.7 million, up 21% compared to last year. This €11.9 million increase is due exclusively to the increase in the operating margin. Other operating income and expenses include, in addition to depreciation of affected assets and restructuring charges at the same level as last year, acquisition costs. The latter are very significant due to the Realdolmen operation. Overall, acquisition costs amounted to €5.1 million compared to €2 million last year.

Acquisitions also had a negative impact on financial income, which amounted to €10.3m, compared with €5.2m in 2017.

Net income at €39.8 million increased by +7%, resulting in diluted earnings per share of €0.60, compared with €0.56 in 2017. The Group incurred transaction costs for the 5 acquisitions made and particularly for the largest Realdolmen. These non-recurring costs represented a total amount of €5.1 million before tax and €3.4 million after corporate income tax. Excluding these items, operating income and net income would have amounted to €71m and €43.3m, representing growth of 28% and 16% respectively.

A HEALTHY FINANCIAL SITUATION AND A VERY STRONG INCREASE IN NET CASH FLOW TO €65M, OR +175%

Despite the acquisitions and efforts made to transform itself, the Group ended the year with a very reasonable level of financial debt and in particular a financial debt to EBITDA ratio of 2.95. The growth in profitability and the control of working capital requirements have made it possible to considerably increase operating cash flow, which at €65.1 million is up by +175% compared to last year. In 2018, the Gfi Group refinanced its €410 million syndicated loan and issued EuroPP for €90 million to finance its acquisitions. Its rapid reduction in debt over the year should facilitate its access to additional financing to carry out other operations, if necessary.

A CONTINUOUS INCREASE IN EMPLOYMENT

As of December 31, 2018, the Group had approximately 19,000 employees (14,800 in 2017), including 10,500 in France. The number of employees in Service Centres stood at 1,553, compared with 1,449 at the end of 2017.

This year, the Group aims to recruit more than 3,000 people.

Gfi DELISTING: A LONG-TERM SHAREHOLDER TO SUPPORT THE GROUP'S DEVELOPMENT

2018 was also marked by the completion of the takeover of the Group by our shareholder Mannai Corporation. With a participation increased as planned to more than 96% in June 2018, and given the low level of the public shares, the delisting was carried out on 13 December 2018.

VERY AMBITIOUS TARGETS FOR 2019 AND 2020

The Group considerably strengthened its positions in 2018, both geographically and in terms of its offerings. Its unique shareholding structure and balance sheet are assets for the Group, which intends to pursue its development at a rapid pace. It also sets itself the target of achieving a turnover of at least €2 billion by 2020, with an operating margin of around 8%.

Warning:

The elements of this press release other than the historical facts are objectives. The objectives are not guarantees due to the difficulties inherent in anticipating results. Actual results may differ materially from explicit or implicit objectives.

About Gfi

A leading European player in value-added IT services and software, Gfi Informatique is strategically positioned to differentiate between global operators and niche players. With its multi-specialist profile, the Group offers its customers a unique combination of proximity, sectoral organisation and industrial quality solutions. The Group, which has nearly 19,000 employees, generated sales of €1,395 million in 2018.

[1] Income before acquisition costs of companies acquired in 2018 (Realdolmen, Gesfor, Cynapsys, ValuePass, Vauban)

https://www.gfi.world/fr-en/press/communique/361-gfi-2018-annual-results

Infovista Group

The international Infovista Group includes the French companies, Infovista Holding S.A.S. and Infovista S.A.S.

WHO WE ARE

Network performance and application control experts

At Infovista, we believe the critical networks that people and businesses depend on should run flawlessly. That's why we build solutions that simplify the modern networks you rely on every day to deliver maximum visibility and exceptional user experiences. We are the technology partner your business can't run without.

Managing the performance of modern networks and the vital applications that run on them has become extremely complicated. A digital matrix, it's easy for operators to get lost and businesses left behind. Enterprises and network operators require a level of guidance precious few technology partners possess.

Infovista's expertise in data and analytics is second to none. We offer complete visibility and unprecedented control of your network and business-critical applications, leading to brilliant user experiences and maximum value. No one else provides this totality of vision and this level of control.

https://www.infovista.com/company/about-us

Infovista, the leader in modern network performance, provides complete visibility and unprecedented control over modern networks and their applications. Infovista delivers brilliant user experiences and maximum value for networks and applications. At the core of its approach are data and analytics, to give service providers and enterprises real-time insights to make critical business decisions. Infovista offers a comprehensive line of solutions from the radio network to enterprise to device throughout the lifecycle of a network. No other solutions provider has this totality of vision. More than 1,500 enterprises and service providers around the world—including 250 of the world's top mobile network operators—rely on Infovista. Know Your Network with Infovista.

https://www.infovista.com/company/press-releases

Isagri Group

The Isagri Group includes the French companies, Isagris S.A.S. and Groupe Isagri S.A.S.

For the French language website see:

http://www.isagri.fr/Ressources/Pages/Accueil.aspx

Lectra Group (XPAR: LSS)

The parent company of the international Lectra Group is the French Company, Lectra S.A. (XPAR: LSS).

https://www.lectra.com/en/investors

For companies that breathe life into our wardrobes, car interiors, furniture and more, Lectra is crafting the premium technologies that facilitate the digital transformation of their industry. Lectra's offer empowers brands, manufacturers and retailers from design to production, providing them with the market respect and peace of mind they deserve. Founded in 1973, today Lectra has 34 subsidiaries across the globe, serving customers in over 100 countries. With more than 1,800 employees, Lectra reported revenues of €280 million in 2019. Lectra is listed on Euronext (LSS).

https://www.lectra.com/en/press

FOUNDED IN 1973

Decades of experience with fashion, automotive and furniture customers.

BASED IN PARIS

Our headquarters are in Paris and our technology campus is located near Bordeaux.

DIVERSE WORKFORCE

We have over 50 different nationalities among our 1,750 employees.

GLOBAL PRESENCE

We serve more than 25,000 fashion, automotive and furniture customers in over 100 countries.

WORLDWIDE SUPPORT

5 call centers, 3 International advanced technology centers : Bordeaux, Shanghai, Atlanta.

FOCUS ON INNOVATION

We dedicate more than 11 % of our turnover to the design and development of our offer.

https://www.lectra.com/en/about-us/key-facts

First nine months of 2023: decline in revenues and EBITDA before non-recurring items in a very degraded environment

Revenues: 358.3 million euros (-7%)

EBITDA before non-recurring items: 59.2 million euros (-17%)

Net income: 24.9 million euros (-30%)

Free cash flow before non-recurring items: 32.1 million euros

2023 outlook: revised revenues - confirmation of EBITDA before non-recurring items

Paris, October 25, 2023. Today, Lectra's Board of Directors, chaired by Daniel Harari, reviewed the consolidated financial statements for the third quarter and first nine months of 2023, which have not been reviewed by the Statutory Auditors.

Comparisons between 2023 and 2022 are based on 2022 exchange rates unless otherwise stated ("like-for-like"). As the impact of the acquisition of TextileGenesis on the financial statements for 2023 is not material, like-for-like changes exclude only the variations in exchange rates.

Currency changes between 2022 and 2023 mechanically decreased revenues and EBITDA before non-recurring items by 6.4 million euros (-5%) and 2.8 million euros (-10%) respectively in Q3, and by 7.3 million euros (-2%) and 3.0 million euros (-5%) respectively in the first nine months of the year, at actual exchange rates compared to like-for-like figures. 1.

Q3 2023

The environment remained highly degraded in the third quarter, owing primarily to expectations of lower growth or even recession in some countries, persistent high energy costs, and historically high interest rates. With many customers also experiencing lower demand for their products, investment decisions continued to be postponed.

As a result, orders for perpetual software licenses, equipment and accompanying software, and non-recurring services (32.3 million euros) were down 26% compared to Q3 2022.

Orders for new software subscriptions, of which the annual value came to 2.2 million euros, continued to rise, displaying a growth of 19%.

Q3 revenues (118.7 million euros) were down 11%.

EBITDA before non-recurring items (23.9 million euros) was down 10% and despite the decline in revenues, the EBITDA margin before non-recurring items rose 0.3 percentage points to 20.1%, thanks to the sharp improvement in gross margin (+5.7 percentage points compared to Q3 2022) and the impact of actions to reduce fixed overhead costs.

2. FIRST NINE MONTHS OF 2023

The uncertainty that characterized the first nine months of the year has led many companies to take a very cautious wait-and-see attitude. In these circumstances, orders for perpetual software licenses, equipment and accompanying software, and non-recurring services (107.1 million euros) were down 29% compared to the same period of 2022.

The annual value of new software subscription orders came to 7.7 million euros, up 27% compared to the first nine months of 2022.

Revenues (358.3 million euros) were down 7%. While revenues from perpetual software licenses, equipment and accompanying software, and non-recurring services (117.6 million euros) decreased by 25%, recurring contract revenues (134.5 million euros), which benefited from the growth in software subscription orders and the acceleration of synergies from the Gerber acquisition, increased by 11%. Revenues from consumables and parts (106.1 million euros) were stable.

Gross profit amounted to 249.6 million euros, down 2% compared to 2022, while revenues fell by 7%. The gross profit margin came to 69.7%, up 3.7 percentage points. This increase stems mainly from the synergies coming from the Gerber acquisition.

EBITDA before non-recurring items (59.2 million euros) was down 17% and the EBITDA margin before non-recurring items came to 16.5%, down 2.1 percentage points.

Income from operations came to 39.3 million euros. This included a 9.5-million-euro charge for amortization of intangible assets arising from the acquisitions carried out since 2021 and a non-recurrent income item of 2.6 million euros.

Net income (24.9 million euros) decreased by 30% at actual exchange rates.

Free cash flow before non-recurring items was 32.1 million euros (31.6 million euros in the first nine months of 2022). It is higher than net income.

At September 30, 2023, the Group had a particularly robust balance sheet with a consolidated shareholders' equity of 426.2 million euros and a positive net cash position of 12.5 million euros, consisting in financial debt of 98.0 million euros and cash of 110.6 million euros.

The working capital requirement at September 30, 2023 was a negative 7.6 million euros.

3. BUSINESS TRENDS AND OUTLOOK

In its 2022 Financial Report, published February 8, 2023, Lectra presented its new roadmap for 2023-2025. The Group also specified that 2023 remained unpredictable given the degraded macroeconomic and geopolitical environment, which resulted in many uncertainties that could continue to weigh on its customers' investment decisions.

At the beginning of the year, the Group set itself objectives of achieving, in 2023, revenues in the range of 522 to 576 million euros and EBITDA before non-recurring items in the range of 90 to 113 million euros. It subsequently reported on April 27 that it then anticipated revenues in the range of 485 to 525 million euros and EBITDA before non-recurring items in the range of 78 to 95 million euros.

In what continues to be a highly degraded environment in macroeconomic and geopolitical terms, orders and revenues from new systems in Q3 were lower than anticipated by the Group. Recurring revenues, on the other hand, which should account for over 65% of total revenues in 2023, continued to grow in Q3, and provide good visibility. In addition, the initial measures to reduce overhead costs have begun to bear fruit.

In light of these factors, full-year revenues are now anticipated in the range of 474 to 481 million euros, thus slightly lower than anticipated on April 27, and EBITDA before non-recurring items in the range of 78 to 82 million euros, in the lower part of the range indicated on April 27. These scenarios are based on September 30 exchange rates for Q4, including $1.06 to the euro.

Because the Group's customers operate in a highly competitive environment that demands they continue to improve performance, their investments will pick up as soon as the macroeconomic situation improves. Lectra's roadmap for 2023-2025, which was launched on January 1, 2023, will enable the Group to take full advantage of the upturn and accelerate its growth.

https://www.lectra.com/sites/default/files/2023-10/Lectra_PressRelease_Q32023.pdf

Linedata Group (XPAR: LIN)

The parent company of the Linedata Group is the French company, Linedata Services S.A. (XPAR: LIN).

With 20 years' experience and 700+ clients in 50 countries, Linedata's 1300 employees in 20 offices provide global humanized technology solutions and services for the asset management and credit industries that help its clients to evolve and to operate at the highest levels.

Headquartered in France, Linedata achieved revenues of EUR 169.7 million in 2019 and is listed on Euronext Paris compartment B FR0004156297-LIN - Reuters LDSV.PA - Bloomberg LIN:FP.

https://www.linedata.com/newsroom

https://www.linedata.com/

Linedata was founded in January 1998 as the result of a merger of three firms: GSI Division des Banques, Line Data and BDB Participation. In 1998, Linedata had 76 employees and achieved revenues of €11m. The new corporate entity benefits at the outset from the best management, technology and operational expertise drawn from its three component companies.

January 2019. Acquisition of Loansquare, a start-up based in Paris (France) that developed a portal to digitalize relationships between borrowers and lenders. By acquiring Loansquare, Linedata enhances the end-to-end capabilities of its platforms and services for lenders. Linedata now has over 1300 employees in 20 offices across the globe.

https://www.linedata.com/company/our-history

Revenue for the first half of 2023: €87.5 million (+5.5%)

24 July 2023

Linedata (Euronext Paris: LIN), the global solutions and outsourcing services provider to the investment management and credit finance industries, generated revenue of €87.5 million in the first half of 2023, an increase of 5.5% from the first half of 2022. Organic growth, considering a constant structure and exchange rate, was 3.9%.

Recurring revenue in the first half of 2023 accounted for €68 million or 78% of total revenue, a rise of €2.6 million from the same period last year.

The order intake since the beginning of the year (excluding Audaxys) increased by 3.4% to €34.3 million.

Performance by segment:

ASSET MANAGEMENT (Q1: €29.1 million, +6.3%; Q2: €30.5 million, +3.9%)

The Asset Management segment continued to grow during the second quarter (+3.9%) driven by momentum in Services. The sales activity saw an increase with half year bookings rising by 12.9% to €23.9 million.

The Software division recorded a revenue of €43.3 million in the first half of 2023, a slight decrease of €0.5 million (or 1.1% considering the same structure and exchange rate), primarily due to reduced activity in Funds Services applications. On the other hand, Front Office solutions had a robust performance primarily due to migration projects for the AMP platform.

The Services division continued to expand, with half-year revenue up 28%, following a record year in 2022 (+40.5% sales growth). This growth underscores the Group's strong position in co-sourcing, which aligns perfectly with the expectations of the asset management market.

LENDING & LEASING (Q1: €13.4 million, +5.0%; Q2: €14.5 million, +7.8%)

The Lending & Leasing segment reported revenue up 6.4%, propelled by the contribution from the recent acquisition in Portugal, Audaxys. On a like-for-like basis, the increase was 1.1%, with the organic growth in the second quarter of 2023 being a more substantial 3.1% driven by strong sales of Linedata Capitalstream.

Outlook

Linedata anticipates that the operating result for the first half of 2023 will be comparable to that recorded for the same period last year.

Next communication: H1 2023 results will be announced on 13th September 2023, after trading hours.

ABOUT LINEDATA

With 25 years' experience and 700+ clients in 50 countries, Linedata's 1100 employees in 20 offices provide global humanized technology solutions and services for the asset management and credit industries that help its clients to evolve and to operate at the highest levels. Linedata generated revenue of EUR 172.7 million in 2022. Linedata is listed on Euronext Paris compartment B FR0004156297-LIN - Reuters LDSV.PA - Bloomberg LIN:FP

https://www.linedata.com/investor-relations/latest-financial-releases/revenue-first-half-2023-eu875-million-55

Murex S.A.S.

About us

Ever since its creation in 1986, Murex has played a lead role in proposing effective technology as a catalyst for growth and innovation in capital markets.

Murex has devoted more than 30 years to the design, implementation and evolution of integrated trading, risk management, processing and post-trade solutions, leading to MX.3, our third generation platform.

Throughout the years, our vision has always been supported by two pillars:

INNOVATION: Our historical motto "PIONEERING AGAIN" is a pledge to Murex's constant quest for enhanced technology, grounded in experience and expertise.

CLIENT PARTNERSHIP: We envision our collaboration with our clients as a journey, where we act as a trusted advisor and an enabler towards their transformation and growth.

Our wealth of experience has been brought into MX.3, our third generation of integrated platforms.MX.3 is also the result of one of the most ambitious R&D programs in the industry, delivering a powerful and flexible technology platform.

MX.3 has a proven track record today in supporting all types of clients, from global money centers to local banks, from large asset managers to medium-sized hedge funds, and from large corporations to energy utilities. More than 50,000 users around the globe rely every day on our platform for their trading, hedging, funding, risk management or processing operations.

We strive to attract top talent in every country and to maintain a solid culture of financial and technology expertise, operational excellence and authentic collaboration. Our services are grounded on this culture and designed as long term partnerships aimed at assisting our clients in their transformation towards new avenues of growth.

Thanks to its industry vision, advanced platform and high quality services, Murex has won several times in the past years the place of number one technology vendor in our space.

https://www.murex.com/about-us

Prodware Group (XPAR: ALPRO)

The parent company of the international Prodware Group is the French company, Prodware S.A. (XPAR: ALPRO).

https://www.prodware-group.com/en/contact-english/prodware-international

The Prodware Group, which was founded in 1989, is an international creator and integrator of industry and role-tailored solutions.

Prodware is Microsoft's leading partner in the EMEA area and Sage's leading partner in French speaking countries.

The Group's 19,000 clients are supported by nearly 1,277 employees in 15 countries, and we have services available in over 75 countries.

Prodware is the reference provider of globalIT solutions. The Group has offices in 15 countries and benefits from solid strategic alliances. Wet support companies in their international expansion.

As a corporate citizen, Prodware supports its clients' sustainable development through its GreenITude services. The Group has always put its staff members at the heart of its strategy through an ambitious HR policy that promotes their fulfillment within the service we provide to clients.

Prodware is one of the Gaia Index's leading companies.

Prodware is OSEO certified and eligible for the FCPI.

Steady and controlled growth

Over previous years, Prodware has combined a strong organic growth with a successful external growth. This external growth enabled us in particular to gain clients, to expand our national network and to make our infrastructure profitable by mutualising resources.

Prodware intends to continue its successful integration policy, especially as the Group's elaborated follow-up of its clients' growth enables it to support their development through its "Upselling" and "Cross-selling" strategies.

Prodware continue to develop industry and role-tailored software solutions according to:

Puce

Our clients' or prospects' requirements as identified by the clients or prospects themselves and by the Group's engineers and consultants who are in contact with clients.

The benefits of technological, legal, fiscal and competition analysis that we carry out, which truly add value to standard offerings.

National and international coverage

A solid national presence for a local service

The company, whose headquarters are in Paris, has 14 branches that offer a responsive and local service all over France.

More than 19,000 clients thus benefit from our presence on the whole territory.

Prodware Group's stability and long-lasting presence are the guarantors of your investments to maintain and develop skills.

Prodware has gathered teams of professionals to give you precise answers.

An international support

Prodware, already present in Belgium, Luxemburg, Morocco, Tunisia, Israel, Romania, Cameroon and the Ivory Coast, strengthened its presence in Europe by acquiring Qurius, which meant that it expanded its office network to include the UK, Germany, Spain and the Netherlands. What's more, our strategic partnerships and alliances enable us to offer our services in more 75 countries.

https://www.prodware-group.com/en/about-prodware

2022 Half-Year Results - continued growth momentum:

Paris, October 19th, 2022 - 6 pm

7.3% growth in revenue

EBITDA up 3.9% to reach €19.5 million

Net income of €4.0 million, representing a net margin of 4.5%

H1 2022 Business Well on Track

In the first half of 2022, Prodware generated revenues of €87.5 million, compared with €81.6 million in the first half of 2021, an increase of 7.3%. The group has continued on its growth path thanks to its SaaS business model (+8.6%) and in-house software development activity (+8.2%) despite the tightening of the economy due to the difficult geopolitical landscape and inflationary pressures that are much less conducive to investments.

Growth in EBITDA and Normalized Current Operating Income

EBITDA for the first half of 2022 was €19.5 million, up €0.8 million compared to the same period in 2021, and demonstrates the robustness of Prodware's business model, based on recurring revenues.

After a first-half year in 2021 that was heavily impacted by an unprecedented depreciation of around €5 million, related to impairment tests on the value of "on-premise" assets, the current operating income for the first half of 2022 rebounded sharply to reach €10.4 million, compared with a loss of €1.0 million a year earlier, showing a return to normal operating performance.

The financial result was €-5.6 million in H1 2022, compared to €-3.1 million in H1 2021, due to an increase in the cost of the net financial debt, following the long-term bond loan agreement secured in the second half of 2021. Net income, Group share, after-tax (tax amounting to €0.9 million), totalled €4.0 million, showing a net margin of 4.5%.

Balance Sheet Analysis

As of June 30, 2022, Prodware's balance sheet showed €88.0 million in equity, a €4.7 million increase compared to December 31, 2021.

Growth in revenue accelerates in Q3 2022

In Q3 2022, Prodware generated revenues of €36.4 million compared to €31.2 million for the same period in 2021, up 16.8%.

Over the first nine months of the year, revenues reached €124.0 million, up 9.9%, compared with €112.8 million. In line with the growth forecasts made early in the year, SaaS sales continue to grow, increasing by 16.2% and accounting for 26.3% of revenues (+1.5 points).

Outlook

In the coming months, Prodware will continue to pursue its growth trajectory based on the ramp-up of its recurring revenue model and its high value-added offerings intended for the digital transformation of SMEs and subsidiaries of large companies.

https://www.prodwaregroup.com/investisseurs/wp-content/uploads/sites/15/2022/10/prodware_pr-rs22_19-10-2022.pdf

Schneider Electric Group (XPAR: SU)

The parent company of the global Schneider Electric Group is the French company, Schneider Electric S.E. (XPAR: SU).

https://www.se.com/ww/en/locate/395-schneider-electric-offices-around-the-world

For further details, see:

Schneider Electric, Universal Registration Document 2019

https://www.se.com/ww/en/about-us/investor-relations/regulatory-information/annual-reports.jsp

At Schneider, we believe access to energy and digital is a basic human right. We empower all to make the most of their energy and resources, ensuring Life Is On everywhere, for everyone, at every moment. We provide energy and automation digital solutions for efficiency and sustainability. We combine world-leading energy technologies, real-time automation, software and services into integrated solutions for Homes, Buildings, Data Centers, Infrastructure and Industries. We are committed to unleash the infinite possibilities of an open, global, innovative community that is passionate about our Meaningful Purpose, Inclusive and Empowered values.

https://www.se.com/ww/en/about-us/investor-relations/

https://www.se.com/us/en/

Leading the Digital Transformation of Energy Management and Automation

€27.2 bn - Revenues in 2019

135,000+ - Employees worldwide

+115 - Countries where we are present

€2.41 bn - Net income, increased +3.4% vs 2018

€4.24 bn - Adjusted EBITDA, 2019

€2.55 - Dividend proposed for fiscal year 2019

Global leadership in 4 businesses

Schneider Electric has built leadership positions in each of its businesses worldwide, leading the digital transformation of Energy Management and Industrial Automation.

Energy Management: 5.2%

Industrial Automation: 0.8%*

*Adjusting for the U.S. panel impact in Q1, FY 2019 organic revenue growth for Industrial Automation was c.+1%

A balanced geographical footprint

Our presence is balanced across four geographical regions and four diversified end-markets, enabling us to capture the growth potential of fast-growing countries and markets and to balance their volatility.

https://www.se.com/ww/en/about-us/investor-relations/investment/overview.jsp

Q1 2022 Revenues

27 April 2022

Q1 2022 revenues up +10% organic. FY 2022 Target confirmed in increasingly uncertain environment

Q1 Group revenues of €7.6 billion, up in all four regions

Energy Management up +10% org.

Industrial Automation up +9% org.

Delivering on key strategic priorities:

More Products: up +13% org. with balanced contribution from price and volume

More Software & Services: up +7% org.;

Software growing double-digit;

Field Services grew low-single digit impacted by shortages and site-access

More Sustainability: up strong double-digit.

Group announces intention to sell its Russia operations to local management

Progress on share buyback: c.€120 million repurchased in 2022

Jean-Pascal Tricoire, Chairman and CEO commented:

"Our Q1 revenues confirm a strong start to the year, 2022, growing by +10% organically. As expected, we have experienced continued strong demand across all of the Group's end markets, with our unique portfolio of electrical and digital solutions resonating with our customers as they look to drive sustainability and efficiency in their operations. We, like others in our industry and beyond, continue to operate in a supply chain environment under pressure, and we strive to make the best of this situation through our unique supply chain organization, in partnership with our customers and suppliers.

Since mid-February, we have witnessed the global impact of the war in Ukraine, the economic impact of which commenced in March. First and foremost, our actions have been aimed at supporting our Ukraine employees, their families and communities. We continue to comply with applicable sanctions and are progressing with a plan to transfer our Russia operations to our local leadership.

On COVID-19, while much of the world has progressively opened uppropelling our growth prospects around the world, China has seen several provinces enact partial to full lockdowns since March. The lockdown in Shanghai impacts some of our factories and distribution centers and the continuation into April impacts China Q2 revenues.

Demand continues to be strong in an increasingly inflationary environment, and we remain agile to best serve our customers through our unique portfolio and operating model. We acknowledge the uncertain macro environment but confirm our full-year target, despite the significant developments of the last months."

For the full release, see:

https://www.se.com/ww/en/assets/564/document/325171/release-q1-revenues-2022.pdf

Sopra Steria Group (XPAR: SOP)

The parent company of the global Sopra Steria Group is the French company, Sopra Steria Group S.A. (XPAR: SOP).

Principal subsidiaries include:

Sopra Banking Software S.A. (France)

https://www.soprabanking.com/

Sopra HR Software S.A.S. (France)

https://www.soprahr.com/en

CIMPA S.A.S. (France)

https://www.cimpa.com/

For further details see:

Sopra Steria 2019 Universal Registration Document

https://www.soprasteria.com/investors

Sopra Steria, a European leader in consulting, digital services and software development, helps its clients drive their digital transformation to obtain tangible and sustainable benefits. It provides end-to-end solutions to make large companies and organisations more competitive by combining in-depth knowledge of a wide range of business sectors and innovative technologies with a fully collaborative approach. Sopra Steria places people at the heart of everything it does and is committed to making the most of digital technology to build a positive future for its clients. With 46,000 employees in 25 countries, the Group generated revenue of €4.4 billion in 2019.

https://www.soprasteria.com/about-us

Sopra Steria, a European leader in consulting, digital services and software development, helps its clients drive their digital transformation and obtain tangible and sustainable benefits, thanks to one of the most comprehensive portfolios of offerings on the market: consulting and systems integration, the development of business and technology solutions, infrastructure management, cybersecurity and business process services (BPS).

The Group provides end-to-end solutions to make large companies and organisations more competitive by combining in-depth knowledge of a wide range of business sectors and innovative technologies with a fully collaborative approach: From strategic analysis, programme definition and implementation, and IT infrastructure transformation and operation, to designing and implementing solutions and outsourcing business processes.

For Sopra Steria, helping clients succeed in their digital transformation means breaking down their strategic and business challenges into digital initiatives through an exclusive end-to-end offering. Thanks to very close relationships with its clients and its multi-disciplinary teams, the Group is able to continually innovate to guarantee that its offerings remain relevant to the strategic challenges of each of its vertical markets.

Sopra Steria's teams are trained in the new microservices platforms, DevOps and cloud computing. They are also adopting new methods of designing, delivering and embedding teams. Sopra Steria is therefore able to offer the two key ingredients for successful digital transformation: speed of execution and openness to external ecosystems.

Sopra Steria Group is also the preferred partner of Axway Software, whose exchange and digital enablement platforms play an important role in modernising information systems and opening them up to digital technology. Sopra Steria is an independent Group whose founders and managers control 22.4% of its share capital and 33.6% of its theoretical voting rights. With 46,000 employees in 25 countries, it pursues a strategy based on European key accounts.

Source: Sopra Steria 2019 Universal Registration Document

https://www.soprasteria.com/investors

Q3 2023 revenue Organic growth of 4.0% Confirmation of full-year targets

Revenue for Q3 2023: €1,345.4 million

Total growth of 10.6% and organic growth of 4.0%

Completion of Ordina acquisition following successful public offer; launch of integration

Agreement for Sopra Steria to buy the UK Cabinet Office's stake in the SSCL JV for £82.3 million Paris,

27 October 2023 (7:00 a.m.) - Sopra Steria Group generated consolidated revenue of €1,345.4 million in the third quarter of 2023, equating to total growth of 10.6%. At constant scope and exchange rates, revenue grew 4.0%.

Cyril Malargé, Chief Executive Officer of Sopra Steria Group, commented:

"In an environment marked by a succession of geopolitical crises and a slowing European economy, Sopra Steria is showing good resilience. Despite an unfavourable calendar effect (with one fewer business day), the third quarter of 2023 saw organic growth of 4.0%, driven in particular by robust business in the defence, aerospace, public sector, and transport verticals. As in the previous two quarters, all five of the Group's reporting units made a positive contribution to growth.

Over the period, our teams remained highly focused on boosting operational performance and transforming the Group (in areas such as our strategy of moving up the value chain, consulting, services and solutions, skills centres, and technologies).

I'm also delighted with the promising partnership we've just formed with Thales and Google Cloud to build one of the first sovereign cloud-based artificial intelligence platforms. Aimed at financial services firms and the public sector, this platform will help organisations improve their operational efficiency and the user experience for their customers.

We began the integration of Ordina, following our successful public offer. Sopra Steria has become a benchmark player in digital services in the Benelux region, generating around €700 million in pro forma revenue and employing over 4,000 professionals.

Against this backdrop, and assuming at this stage that there is no major deterioration in the global economy, I am confident in the Group's ability to achieve its targets."

Comments on Q3 2023 business activity

Revenue totalled €1,345.4 million, equating to total growth of 10.6% relative to Q3 2022. Changes in scope had a positive impact of €91.7 million, and currency fluctuations had a negative impact of €14.5 million. At constant scope and exchange rates, revenue grew 4.0%.

The France reporting unit (42% of the Group total) generated revenue of €567.9 million, equating to organic growth of 3.9%. Revenue for the consulting business remained buoyant, boosted by rising selling prices. The Product Lifecycle Management business grew by over 9%. The best-performing vertical markets were transport, defence, aerospace and the public sector. Energy and telecommunications grew slightly. The banking, insurance and retail verticals contracted.

The United Kingdom reporting unit (17% of the Group total) generated revenue of €230.8 million, equating to organic growth of 1.5%, affected by a high basis of comparison for the visa and passport renewal platforms. The two joint ventures specialising in business process services for the public sector (SSCL and NHS SBS), on the other hand, posted solid growth, as did the aerospace, defence and security sector. Fourth-quarter growth is expected to be on a par with the second quarter.

The Other Europe reporting unit (28% of the Group total) posted €378.2 million in revenue, representing organic growth of 5.4%. This performance was driven by Scandinavia and Spain, which posted organic growth near or above 10%. Excluding SFT, the reporting unit's countries posted average organic growth of 6.9%.

Revenue for SFT was in line with its level in Q1 and Q2. Revenue for Sopra Banking Software (8% of Group revenue) came to €102.3 million, representing organic growth of 4.3%, notably driven by the Sopra Banking Platform and the Sopra Financing Platform's digital offers. This resulted in a 7.9% increase in subscription revenue. Software revenue (60% of the total) was up by about 1% while services revenue grew 10.0%.

The Other Solutions reporting unit (5% of the Group total) posted revenue of €66.2 million, representing organic growth of 5.0%. The Human Resources Solutions business (which generates 70% of the reporting unit's revenue) grew by 4.4%. The Property Management Solutions business grew 6.4%.

Acquisition and external growth transactions

Following the successful public offer launched on 26 July 2023, Sopra Steria now holds more than 98% of the share capital of Dutch company Ordina. It will be fully consolidated from October 2023 and delisted from Euronext Amsterdam on 15 November 2023. Governance is in place and the integration process was launched on 26 September.

On 24 October 2023, the UK Cabinet Office announced its decision to exercise the put option to sell its 25% stake in SSCL's share capital to Sopra Steria. This joint venture had already been fully consolidated in Sopra Steria's accounts since 2013. The Group will acquire the remaining 25% of its shares from the Cabinet Office on 6 November 2023 for a total of £82.3 million. This transaction, which is immediately accretive to Sopra Steria's net profit and earnings per share, will not affect SSCL's customers, employees or services.

Workforce

The net headcount came to 53,430 people at 30 September 2023, compared with 49,411 people at 30 September 2022. A total of 9,328 staff were employed at international service centres (India, Poland, Spain, etc.), around the same level as at 30 June 2023.

Downtime was stable with respect to 30 June 2023.

At 30 September 2023, the subcontracting rate was 1.4 percentage points higher than the low point reached in 2020, at the end of a period deeply affected by the Covid-19 pandemic.

The workforce attrition rate was 15.1% (vs 18.3% at 30 September 2022).

Targets confirmed

Assuming at this stage that there will be no major deterioration in the economy in a more uncertain geopolitical context, the full-year 2023 and medium-term financial targets are confirmed.

For 2023:

Organic revenue growth of at least 6.0%

Operating margin on business activity slightly over 9%

Free cash flow of at least €300 million

For the medium term:

The Group has set a target to achieve an operating margin on business activity of around 10% in 2024. In the medium term, it is targeting annual organic revenue growth of between 4% and 6%, and free cash flow of between 5% and 7% of revenue.

https://www.soprasteria.com/docs/librariesprovider2/sopra-steria-corporate/finance/cp-fi/27102023_soprasteria_cp_q3-2023_uk_vf.pdf?sfvrsn=670a7ddb_10

Talend Group (NASDAQ: TLND)

The parent company of the international Talend Group is the French company, Talend S.A. (NASDAQ: TLND). The Talend Group is based in the United States.

https://investor.talend.com/shareholder-services/investor-faqs

https://www.talend.com/contact/

Talend (NASDAQ: TLND), a leader in data integration and data integrity, enables companies to transform by delivering trusted data at the speed of business. Talend Data Fabric offers a single suite of apps that shortens the time to trusted data by solving some of the most complex aspects of the data value chain. Users can collect data across systems, govern it to ensure proper use, transform it to new formats and improve quality, and share it with internal and external stakeholders.

Over 4,250 organizations across the globe choose Talend to rely on trusted data to make business decisions with confidence. Talend has been recognized as a leader in its field by leading analyst firms and industry publications including Forbes, InfoWorld and SD Times.

https://investor.talend.com/?_ga=2.86658975.622158263.1590471327-889916998.1590471327

https://www.talend.com/

Talend Reports First Quarter 2020 Financial Results

Record quarterly revenue of $68.1 million

Cloud ARR of $61.1 million, up 150% year-over- year

REDWOOD CITY, Calif., May 06, 2020 (GLOBE NEWSWIRE) -- Talend (NASDAQ: TLND), a global leader in data integration and data integrity, announced today financial results for the first quarter ended March 31, 2020.

First Quarter 2020 Financial and Business Highlights:

Total revenue of $68.1 million, up 18% year-over-year

Annual Recurring Revenue ("ARR") of $245.9 million, up 20% year-over-year or 22% on a constant currency basis

Cloud ARR of $61.1 million, up 150% year-over-year or 154% on a constant currency basis

Subscription revenue of $60.9 million, up 22% year-over-year or 24% on a constant currency basis

GAAP operating loss of $16.5 million

Non-GAAP operating loss of $3.8 million

Dollar-based net expansion rate of 111% on a constant currency basis

Introduced the Winter '20 release of Talend Data Fabric

Announced availability of Talend Cloud in Azure Marketplace

Expanded Databricks partnership with extended support for Delta Lake

"We delivered strong first quarter results with record revenue of $68.1 million, up 18% year-over-year, and total ARR of $245.9 million, up 22% year-over-year in constant currency," said Christal Bemont, Chief Executive Officer of Talend. "We also achieved record Cloud ARR of $61.1 million, up 154% year-over-year in constant currency, demonstrating our increasing scale and momentum in the cloud. As we navigate the COVID-19 pandemic and resulting macroeconomic uncertainties, we remain committed to the health and wellbeing of our employees and to supporting our customers. We believe the need for fast and reliable data has become even more critical in making business decisions in the current environment. We remain focused on driving disciplined growth in our business with the goal to capitalize on the immense opportunity we see ahead of us."

Financial Guidance:

Second quarter of 2020:

Total revenue is expected to be in the range of $65.0 million to $67.0 million.

Non-GAAP operating loss is expected to be in the range of $(10.0) million to $(9.0) million.

Non-GAAP net loss is expected to be in the range of $(10.6) million to $(9.6) million.

Non-GAAP net loss per share is expected to be in the range of $(0.34) to $(0.31), based on a basic and diluted weighted average share count of 31.5 million shares.

Due to the uncertainty surrounding the ongoing impact of COVID-19, Talend is withdrawing its full year 2020 outlook.

Talend's outlook for the second quarter of 2020 assumes foreign exchange rates as of April 30, 2020. A reconciliation of non-GAAP guidance measures to corresponding GAAP measures is not available on a forward-looking basis without unreasonable effort due to the uncertainty regarding, and the potential variability of, many of the future costs and expenses for which the company adjusts, such as share-based compensation, amortization of acquired intangible assets, and transaction-related expenses, the effect of which may be significant. For example, the company adjusts for share-based compensation expense, which is impacted by the company's future hiring needs and employee retention and the future fair market value of the company's ordinary shares, all of which are difficult to predict and are subject to frequent change.

These statements are forward-looking and actual results may differ materially. Refer to the section under the heading "Forward-Looking Statements" below for information on the factors that could cause our actual results to differ materially. An explanation of non-GAAP financial measures and key business metrics is included below under the heading "Non-GAAP Financial Measures and Key Business Metrics."

Conference Call Information:

Talend will host a conference call and live webcast for analysts and investors at 4:30 p.m. Eastern Time on May 6, 2020.

Parties in the United States and Canada can access the call by dialing (800) 263-0877, using conference code 9950222. International parties can access the call by dialing +1 (323) 794-2094, using conference code 9950222.

The webcast will be accessible on Talend's investor relations website at https://investor.talend.com for one year. A telephonic replay of the conference call will be available through May 11, 2020. To access the replay, parties in the United States and Canada should call (888) 203-1112 and enter conference code 9950222. International parties should call +1 (719) 457-0820 and enter conference code 9950222.

Non-GAAP Financial Measures and Key Business Metrics:

Our consolidated financial statements are prepared and presented in accordance with generally accepted accounting principles in the United States ("GAAP"). This press release contains financial measures that are not calculated in accordance with GAAP. Our management evaluates and makes operating decisions using various performance measures. In addition to our GAAP results, we also present non-GAAP gross profit, non-GAAP operating expenses, non-GAAP operating loss, non-GAAP net loss, and non-GAAP net loss per share. These non-GAAP results should not be considered as an alternative to gross profit, operating expenses, operating loss, net loss, net loss per share, or any other performance measure derived in accordance with GAAP. We present these non-GAAP results because we consider them to be important supplemental measures of our performance. We have provided a reconciliation of GAAP to non-GAAP financial measures in the financial statement tables for our fiscal first quarter 2020 results included in this press release.

Our non-GAAP gross profit, non-GAAP operating expenses, non-GAAP operating loss, non-GAAP net loss, and non-GAAP net loss per share are exclusive of certain items to facilitate management's review of the comparability of our core operating results on a period to period basis because such items are not related to our ongoing core operating results as viewed by management. We define our "core operating results" as those revenues recorded in a particular period and the expenses incurred within that period that directly drive operating income in that period. Management uses these non-GAAP financial measures in making operating decisions because, in addition to providing meaningful supplemental information regarding operating performance, these measures give us a better understanding of how we should invest in research and development, fund infrastructure growth and evaluate the effectiveness of marketing strategies.

There are material limitations associated with the use of non-GAAP financial measures since they exclude significant expenses and income that are required by GAAP to be recorded in our financial statements. The definitions of our non-GAAP measures may differ from the definitions used by other companies and therefore comparability may be limited. In addition, other companies may utilize metrics that are not similar to ours. We compensate for these limitations by analyzing current and future results on a GAAP basis as well as a non-GAAP basis and by providing specific information regarding the GAAP items excluded from these non-GAAP financial measures.

In calculating the above non-GAAP results, management specifically adjusted for the following excluded items:

Share-based compensation expense. We excluded from our non-GAAP results the expense related to equity-based compensation plans as they represent expenses that do not require cash settlement from us.

Amortization of acquired intangible assets. We excluded from our non-GAAP results the intangible assets amortization expense resulting from our past acquisitions. These non-cash charges are not considered by management to reflect the core cash-generating performance of the business and therefore are excluded from our non-GAAP results.

Other expenses. We excluded from our non-GAAP results the expenses which are related to reorganization costs associated with the hiring and separation from employment of certain executive officers of $0.4 million, as well as the reorganization of our business model in emerging markets of $0.7 million. These expenses are unrelated to our ongoing operations and we do not expect them to occur in the ordinary course of business. We believe that excluding these expenses provides more meaningful comparisons of the financial results to our historical operations and forward-looking guidance. We also excluded from our non-GAAP results the amortization of debt discount and debt issuance costs resulting from issuance of the 1.75% Convertible Senior Notes due September 1, 2024 of $1.3 million. These expenses are non-cash charges and are not considered by management to reflect the core cash-generating performance of the business and therefore are excluded from our non-GAAP results.

In addition, we calculate and present the following non-GAAP financial measures and key business metrics:

Free cash flow is a non-GAAP measure defined as net cash from (used in) operating activities less cash used in investing activities for acquisition of property and equipment. We believe the disclosure of free cash flow provides useful information to understanding and evaluating our core operating performance and trends.

Subscription revenue growth on a constant currency basis is a non-GAAP measure that represents subscription revenue adjusted to exclude foreign currency effects. Subscription revenue on a constant currency basis is calculated by applying the average monthly currency rates for each month in the comparative period to the corresponding month in the current period. We believe the disclosure of subscription revenue in constant currency provides useful supplementary information to investors considering potential significant fluctuations in currency rates.

Annual Recurring Revenue ("ARR") is a key metric defined as the annualized recurring value of all active contracts at the end of a reporting period. ARR includes subscriptions for use of on-premise based products and SaaS offerings and excludes original equipment manufacturer ("OEM") sales. Both multi-year contracts and contracts with terms less than one year are annualized by dividing the total committed contract value by the number of months in the subscription term and then multiplying by twelve. Management uses ARR to monitor the growth of our subscription business. We believe the disclosure of ARR provides investors greater clarity into our results given it is not affected by the shift from premise to cloud, accounting changes, or contract duration.

Cloud Annual Recurring Revenue ("Cloud ARR") is a key metric defined as the annualized recurring value of all active cloud-based subscription contracts at the end of a reporting period and excludes OEM sales. Both multi-year contracts and contracts with terms less than one year are annualized by dividing the total committed contract value by the number of months in the subscription term and then multiplying by twelve. Management uses Cloud ARR to monitor the growth of our cloud subscription business. We believe the disclosure of Cloud ARR provides investors greater clarity into our results given it is not affected by accounting changes or contract duration.

Dollar-based net expansion rate is a key metric calculated by dividing our recurring customer revenue by our base revenue. We define base revenue as the subscription revenue we recognized from all customers during the four quarters ended one year prior to the date of measurement. We define our recurring customer revenue as the subscription revenue we recognized during the four quarters ended on the date of measurement from the same customer base included in our measure of base revenue, including revenue resulting from additional sales to those customers. The analysis excludes revenue derived from our OEM sales. Management monitors this metric to track our ability to retain customers and grow our relationships with existing customers. Likewise, we believe the disclosure of dollar-based net expansion rate provides useful information to investors seeking to understand our ability to maintain and grow our relationships with our existing customers.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements generally relate to future events or our future financial or operating performance. In some cases, you can identify forward-looking statements because they contain words such as "may," "will," "should," "expects," "plans," "anticipates," "could," "would," "likely," "intends," "target," "projects," "contemplates," "believes," "estimates," "predicts," "potential" or "continue" or the negative of these words or other similar terms or expressions that concern our expectations, strategy, plans or intentions. Forward-looking statements in this press release include, but are not limited to, the quotations of management, our anticipated operating results for the 2020 second quarter, our expectations regarding our ability to continue to bolster our market position and our prospects for future growth. Our expectations and beliefs regarding these matters may not materialize, and actual results in future periods are subject to inherent risks, uncertainties and changes in circumstance that are difficult or impossible to predict. Consequently, you should not rely on these forward-looking statements. Actual outcomes and results may differ materially from those expressed or implied by these forward-looking statements as a result of such uncertainties, risks, and changes in circumstances, including, without limitation, general economic conditions, including the length and severity of the novel coronavirus ("COVID-19") pandemic; the impact of COVID-19 on economic activity and our business, customers, third-party partners and employees; our ability to continue to deliver and improve our products and successfully develop new products; customer acceptance and purchase of our existing products and new products, including conversion of leads to sales; our ability to successfully transition to the cloud; our ability to successfully manage our leadership transition; the impact of the transition to cloud on our professional services revenue; our ability to retain and increase sales to existing customers and generate new customers; market demand for data integration solutions, particularly our cloud and on-premise big data integration solutions; the growth of the market for cloud integration products; interruptions or performance problems associated with our technology and infrastructure; competition from other products and services; the sufficiency of our cash and cash equivalents to meet our cash needs; the unpredictability and length of our sales cycle; our ability to deliver high-quality customer support; any security incidents or breaches or perceptions of security incidents or breaches; our ability to hire, train, and retain highly skilled and qualified employees, including senior-level managers, engineers, and our ability to expand and train our sales force; the performance of our channel partners; our success in sustaining and expanding our international business; our ability to generate significant volumes of sales leads from digital and virtual marketing efforts; the seasonality of our business; our ability to protect our intellectual property, including trade secrets, patents and copyrights; costs resulting from any claim of infringement or other violations by us of another party's intellectual property rights; our ability to comply with government laws and regulations; natural and man-made disasters, including pandemics; and general market, political, economic and business conditions, including the fluctuation of foreign currency exchange rates and exposure to political, economic and social events in France, the United States, United Kingdom, China and other jurisdictions in which we operate and have customers.

The forward-looking statements contained in this press release are also subject to other risks and uncertainties, and the foregoing list of factors is not exclusive. Additional risks and uncertainties that could affect our financial and operating results are included under the captions "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operation" and elsewhere in our most recent filings with the Securities and Exchange Commission, including our most recently filed report on Form 10-K and subsequent filings. Our SEC filings are available on the Investor Relations section of our website at https://investor.talend.com and the SEC's website at www.sec.gov. The forward-looking statements in this press release are based on information available to us as of the date hereof, and we do not undertake, and specifically disclaim, any obligation to update any forward-looking statements provided to reflect any change in our expectations or any change in events, conditions, or circumstances on which any such statement is based, except as required by law.

https://investor.talend.com/news-releases/news-release-details/talend-reports-first-quarter-2020-financial-results

Talentia Software Group

The international Talentia Software Group is headquartered in France and includes the French company, Talentia Software Group S.A.S.

https://www.talentia-software.com/hr-and-finance-softwares-talentia-software/our-offices/

About Us

Complexity Made Easier

Talentia, a trusted partner to make HR & Finance Complexity easier thanks to HR and Finance softwares fitted to mid-size companies complexity.

Complexity Made Easier...

For every business today, it's all about growth.

To grow, companies develop several strategic options like mergers & acquisitions, international expansion, LBO, IPO or diversification.

This increasing pressure on CFOs & CHROs and 80% of CFOs & CHROs we met say their job is getting much more complex.

CFOs and CHROs have to deal with organisational, technical, economical and regulatory challenges.

With Talentia, complexity is made easier thanks to our best-in-class HR and Finance softwares fitted to mid-size companies specific needs. We allow CHROs and CFOs to reach their business goals and become a strategic partner of their company.

Our Values

Our values are the pillars of our corporate culture. They constitute our DNA. They are the founding action principles of every employee both inside Talentia and vis-a-vis our customers, prospects and partners.

Engagement

Our people's Engagement makes us a committed, reliable and sustainable company. We closely work with our customers to meet their aspirations and reach their goals, all along our journey together.

Expertise

Our Expertise results from our individual and collective actions across all Talentia engagements. Our technological and regulatory watch enable us to anticipate and meet HR and Finance challenges.

Innovation

Innovation drives each of our actions. We anticipate, we are bold and we take risks. We seek useful innovation for maximum customer impact.

Agility

We are Agile to continuously adapt our products, services and processes to changing customer and market needs.

https://www.talentia-software.com/hr-and-finance-softwares-talentia-software/

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