Bryan Garnier & Co successfully leads a EUR 3.8 million follow-on offering for Access Commerce (Euronext: CES), the leading Multi-channel Commerce solutions company
London & Paris, 29th August, 2006 - Bryan, Garnier & Co, a pan-European, independent investment bank focusing on European growth companies, announced today the closing of a EUR 3.8 million capital raising of Common Stock for Access Commerce. The company issued 2,328,188 shares at the price of EUR 1.65 per share corresponding to a EUR 3.8 million of capital increase. The offering was approved by the French AMF on July 19th, and by the board of management on August 11th.
Access Commerce is a leading listed software company specialising in developing components and advanced selling applications that enables users to automate the sale process regardless of the complexity of customer’s requirements, products, pricing or sales channel. Access Commerce has succeeded in building an international position in the field of advanced selling software systems, offering Cameleon Multichannel Commerce Solution. Having grown independently Access Commerce went public on the Paris Nouveau Marche in November 1999. Its customers are innovative and midsize firms as well as members of Fortune 1000 and it has opened offices in Europe and North America. Commenting on the announcement, Jacques Soumeillan, CEO of Access Commerce, stated: "We are especially satisfied with having accomplished this operation in an adverse capital market environment. This confirms the confidence of investors in our project and our strategic vision. The net proceeds will allow us to execute our development and carry out our strategy with adequate means”.
Access Commerce’s capital increase is one of only a few in the software industry on Euronext as the drastic downturn in capital markets deflected the attention of public investors from successful technology companies with limited market capitalization and liquidity.
The success of such transactions rely, in addition to the inherent qualities of the company itself, on the ability of the investment banker to combine a deep understanding of the software industry with strong capital market expertise.
This follow-on offering illustrates Bryan, Garnier & Co's unique positioning and ability to innovate and structure complex fund raisings. Bryan, Garnier & Co has succeeded in developing this know-how through a team that combines experienced investment bankers, former venture capitalists and successful entrepreneurs.
About Access Commerce (www.access-commerce.com)
Founded in 1987, Access Commerce has become an international leader in Multichannel Commerce Solutions. Developed in 1990, The Cameleon Commerce Suite drives business efficiency by aggregating, standardizing and syndicating product information across supply and demand chains. Cameleon simplifies key steps in the Lead-to-Order-to-After-Sales process by optimizing core business functions: e-commerce, electronic catalogue and guided selling, product and service configuration, advanced pricing and promotions, quote and proposal generation, and order management. Access Commerce’s recent acquisition of Exsyde also allows the company to diversify its portfolio by entering the still undeveloped PIM market. Access Commerce’ customer base includes AREVA, Eaton Corporation, Eiffage Construction, Invacare, Leroy Merlin, Manitou, Mitsubishi Caterpillar Forklift Europe (MCFE), Perceptron, Perkins Engines, Saint-Gobain, Schneider Electric, ThyssenKrupp, Total and X-Rite. Access Commerce is headquartered in Toulouse, France and Chicago, Illinois and has offices in North America, France and Germany.
About Bryan, Garnier & Co (www.bryangarnier.com)
Bryan Garnier & Co is a pan-European, independent investment bank that focuses on European growth companies (Technology-Media-Telecom, Healthcare, Business Services, Specialty Retail). Bryan, Garnier & Co provides its clients with institutional sales and trading, corporate finance and asset management services. With 80 professionals based in London, Paris and Geneva, Bryan, Garnier & Co offers the expertise of a full-fledged investment bank with the personalized attention and long-term client relationships of a boutique investment bank.
Bryan Garnier & Co is regulated by the Financial Services Authority (FSA) in London and operates in all continental European capital markets.
Bryan, Garnier Corporate Finance group advises European public and private growth companies, entrepreneurs and investors through public or private capital raising and mergers & acquisitions.
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