Announced
Completed
Synopsis
GIC, a sovereign wealth fund established by the Government of Singapore to manage Singapore's foreign reserves, and Tethys, an investment company focused on long-term direct investments in entrepreneurial projects, completed the investment in Septeo, a provider of mission-critical software for regulated verticals. Financial terms were not disclosed. "To stay ahead in our sector and emerge as one of the largest European software companies, significant investment in research and development is necessary. We are therefore pleased to welcome two new, long-term investors to the group. Furthermore, the management team and I are proud to show that French businesses, when they continue to innovate and serve their customers well, can grow and remain attractive to the investor community," Hugues Galambrun, Septeo Group CEO.
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