Wiiisdom, the software vendor specializing in Analytics Quality, raises 6 million euros from Isatis Capital
Wiiisdom Software, which specializes in Analytics Quality, raises €6M to scale its growth and become the world leader in its category. With offices in Boston, MA, and Atlanta, GA, the company is planning to triple its sales turnover and staff.
BOSTON, Oct. 19, 2022 /PRNewswire-PRWeb/ -- Founded in 2007 by Sebastien Goiffon, Wiiisdom (formerly GB and SMITH) is an actor of the French Tech, specializing in software publishing. The company, which built its success around SAP BusinessObjects, has recently repositioned itself in the growing data quality reporting market and is now integrating with other technologies such as Tableau Software and Microsoft Power BI. The French company has more than 600 customers worldwide and generates nearly 60% of its revenues in the United States. It works with 80% of the CAC40 companies and has some great references such as the FED, Lockheed Martin, the US Army, the New York Stock Exchange, and Harley Davidson.
"Historically, our customers purchased our governance solutions for SAP BusinessObjects in order to optimize the management of the platform and limit risks. Today, organizations use an average of five different BI tools. Our ambition is to provide our solutions for all BI tools on the market: Qlik, Looker, etc., in addition to the technologies we already cover," explains CEO Sebastien Goiffon.
"Our solutions are particularly well-suited to large organizations dealing with huge volumes of data, and this is even more true when they are regulated. This is why we work almost exclusively with the largest organizations in the world, especially in Finance and Healthcare, but also with various governments and public administrations. We probably have the best portfolio of large American clients in the whole of the French Tech!" adds the company's CEO.
"There is a real opportunity for market consolidation and we want to be the leader."
Since its founding, the company has always grown organically, including when it needed to develop its international activities (subsidiaries in London (2013), Montreal (2016), and Boston (2015)). More recently, Wiiisdom turned to an external growth operation with the purchase of a market player (2021). Now, the Lille company wants to reach a new milestone. To achieve this, it has just closed its first fundraising of 6 million euros with the Isatis Capital fund.
The market in which the company is positioned is an emerging and fragmented market offering numerous options for external growth. Consolidation of this market will make way for a world leader.
The company's ambition is to invest the €6 million raised from Isatis Capital in expanding its product offering, with the aim of tripling its turnover and workforce by 2025.
About Wiiisdom
The Wiiisdom Software Group is a French software vendor with headquarters in Lille and several international offices (UK, Canada, USA). The company collaborates with the largest companies and public administrations in the BI world on BI and Analytics governance issues. Today, the company has more than 600 customers worldwide and 70 employees.
About Isatis Capital
Isatis Capital is an independent management company that has been investing in capital for 20 years alongside ambitious entrepreneurs who want to develop their SMEs. As a long-term investor, Isatis Capital takes minority or majority stakes and brings its expertise in supporting growth.
Isatis Capital is a signatory of the UN and iCi charters and a member of the TCFD and it is attentive to ESG rules in its operations and in its investment activity.
The company has €480 million under management in several funds dedicated to institutional clients or distributed through private banks and asset management advisors.
More information can be found on http://www.isatis-capital.fr
Media Contact
SANSICO TONY, GROUPE WIIISDOM SOFTWARE, 33 0777302155, [email protected]
SANSICO TONY, Groupe Wiiisdom Software, [email protected]
SOURCE Wiiisdom
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