Bryan, Garnier & Co advises the secondary private placement of 16% of CAST share capital

Bryan, Garnier & Co advises the secondary private placement of 16% of CAST share capital

News published on April Friday 10, 2015
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Paris, April 10th 2015 – Bryan, Garnier & Co advises the secondary private placement of 16% of CAST share capital, a leading international software vendor focused on the emerging software application analytics market.

CM-CIC Investissement has acquired 16% of the share capital from DFJ Esprit and Idinvest and becomes a cornerstone shareholder of the company, strengthening its capital structure in the context of the recent disclosure of a 12,24% ownership by a US software vendor.

This investment of CM-CIC growth capital principal investment arm provides a solid long term support to the company growth strategy, and completes the reorganization of the capital structure of CAST, now ideally positioned to seize a large market opportunity. This follows the recent announcement of a 12,24% holding of DevFactory inc., a fully owned subsidiary of Trilogy Inc, a US software company focused on global 1000 companies.

Vincent DELAROCHE, CEO of CAST stated: “With CM-CIC Investissement, CAST is welcoming a new major shareholder who shares our strong ambition for the company and will provide a long term support to implement our strategy”.

CAST is a global pioneer in the development of IT Software analytics to provide corporate executives with management insights and standardized measures about software application health (structural quality, efficiency-resiliency, complexity, technical risks, technical debt, maintenance costs estimation...etc.), and size. Following years of intense R&D investments and efforts to educate the market, the company benefits today from a strong momentum resulting from four key favorable drivers:

  • the fast growing demand for analytics  for managing software risks and productivity within global organizations,
  • the adoption over the past 36 months by most of the global system integrators (Wiproo, Infosys, Cognizant, Accenture,  Atos Origin, Cap Gemini...) of CAST analytics not only as a standard to measure performance of their own software factories, but also as a technology foundation to new service offers,
  • an ongoing and unanimous endorsement by the analysts (Gartner, Forrester, IDC…) and consulting firms of CAST as the industry standard for IT software strategies performance measurement, and
  • the emergence of new IT software quality measurement standards (CISQ) where CAST plays a leading and referential role.


Greg Revenu, Managing Partner of Bryan, Garnier & Co, sole agent for this private placement, commented on the announcement : “In a context where big data is broadly considered as a new paradigm in the decision making processes to improve the performance of global organizations, and where risk assessment has become a key responsibility for their management, application software assets have been under increasing scrutiny. CAST has a unique response to these challenges. It has now also a solid capital structure to implement its ambitious growth strategy”.

 

About CM-CIC Investissement (www.cmcic-investissement.com)

Venture capital, growth  capital, buyout capital, merger and acquisition advisory. CM-CIC Investissement meets the needs of businesses in all areas of equity financing. Together with its professional, resolutely human approach and close ties with business leaders, its success is based on the long-term support it provides to investee companies. CM-CIC Investissement €2.5 billion of capital under management and has invested almost €2.1 billion in 550 different companies.


About CAST (http://www.castsoftware.com)

CAST is an independent software vendor that is a pioneer and world leader in Software Analysis and Measurement (SAM). With more than $120 million cumulative investment in R&D, CAST provides the most advanced technology in the world to capture and quantify the reliability, security, complexity and size of business applications. CAST introduces fact-based transparency into software asset management, application development, maintenance and sourcing to transform it into a management discipline. More than 250 companies across all industry sectors and geographies rely on CAST to prevent business disruption and build a transparent dialogue with their service providers. CAST is also an integral part of software delivery and maintenance at the world's leading IT service providers and independent software vendors. Founded in 1990, CAST is listed on Euronext (CAS.PA) and serves IT-intensive Global 2000 enterprises and public sector institutions worldwide. CAST has a presence in the Americas, EMEA, and India. 


About Bryan, Garnier & Co (www.bryangarnier.com)

Bryan, Garnier & Co is an international growth-focused independent investment bank with operations in London, Paris, Geneva, New York and New Delhi. Since 1996, Bryan, Garnier & Co has dealt with over 300 corporate clients. The firm employs 120 people and provides equity research, sales & trading, private and public capital raising and M&A services to growth companies and their investors, with a focus on the TMT, Healthcare, Renewable Energies & Environment, Specialty Retail and Business Services industry sectors. In 2013, Bryan, Garnier & Co received the Most Productive European Broker Award by Financial Times / Starmine. Bryan, Garnier & Co is a fully registered broker dealer authorized by the FCA in Europe and by the FINRA in the USA, and is a member of the London Stock Exchange, a member of NYSE Euronext and a listing sponsor on Alternext.

 

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