Visiativ launches on Alternext

EnterNext, the Euronext subsidiary dedicated to promoting and growing the market for SMEs1, congratulate Visiativ, an integrator and publisher of collaborative software solutions for SMEs, on its listing on Alternext in Paris.

The Global Offering was made up of a Public Offering that included an Open Price Public Offering and a Global Placement with institutional investors in France and other countries.

Laurent Fiard and Christian Donzel launch Visiativ at Alternext

Based in Lyon, Visiativ designs packaged solutions for mid-market companies (small- and mid-caps). A strategic partner in the digital transformation of these businesses, Visiativ delivers solutions that
accelerate innovation, optimise client-supplier relationships, and improve data and knowledge sharing. Its software is used by a broad range of diversified clients including over 9,000 companies.

Visiativ (ticker code: ALVIV) was listed through the admission to trading of the 1,814,832 ordinary shares making up its equity; of 24,000 ADP 2012-2 preferred shares converted into ordinary shares; and

of 753,522 new shares issued under a Global Offering2, after full exercise of the extension option and over-allotment option.

The admission and issue price of Visiativ shares was set at €10.86 per share. Market capitalisation was around €27 million on the day of listing (excluding ADPs). Altogether the offering raised €8.2 million including €7.1 million for expansion.

“We are delighted to welcome Visiativ to Alternext and to see this company turn to the market to fuel its growth. Visiativ joins the selection of software publishers already listed on our markets—a sector notable for its energy and attractiveness to investors,” said Eric Forest, Chairman and CEO of EnterNext.

Visiativ co-founders Laurent Fiard and Christian Donzel said: “We are particularly happy to be here with you today for this, our first day of listing. The funds raised will give us the resources we need to deploy our medium-term development programme.”

About Visiativ
Visiativ is a publisher and integrator of innovative software solutions that use its collaborative social business platform to accelerate companies’ digital transformation. Targeting mid-market companies since its launch in 1987, Visiativ reported 2013 revenues of €49.2 million, including 43% in recurring sales. It has a diversified portfolio of over 9,000 clients. Present in France through 15 agencies and in both Switzerland and Morocco through two subsidiaries, Visiativ has 330 employees, with 44 dedicated to R&D.

About EnterNext
Launched in May 2013, EnterNext is the subsidiary of the Euronext Group designed to develop and promote its stock markets specifically for small and medium-size enterprises (SMEs). Drawing on its pan-European presence, EnterNext brings together all Euronext Group initiatives for companies with market capitalisations under €1 billion, including companies listed in the B and C compartments of its regulated European markets and on Alternext, the market tailored to the needs of SMEs. EnterNext plays an active role in facilitating SMEs’ access to financial markets, helping them generate the funds they need to grow at regional, national and pan-European level. Euronext is a wholly owned subsidiary of IntercontinentalExchange Group (ICE).

About Euronext
Euronext is the primary exchange in the Euro zone with over 1,300 issuers worth €2.6 trillion in market capitalization, an unmatched blue chip franchise consisting of 20+ issuers in the EURO STOXX 50® benchmark and a strong, diverse domestic and international client base. Euronext operates regulated and transparent equity and derivatives markets. Its total product offering includes Equities,
Exchange Traded Funds, Warrants & Certificates, Bonds, Derivatives, Commodities and Indices. Euronext also leverages its expertise of running markets by providing technology and managed services to third parties. Euronext operates regulated markets, Alternext and the Free Market; in addition it offers EnterNext, which facilitates SMEs’ access to capital markets. Euronext is a wholly owned subsidiary of Intercontinental Exchange Group (ICE).

Source: Visiativ