Kurmi Sofware has raised €10 million from Ring Capital and UNEXO to accelerate its international development and become a global leader of UC provisioning simplification.
Press Release, Paris, October 5th, 2020
Kurmi Software, an independent software vendor dedicated to the provisioning and administration of enterprise Unified Communications solutions, announces a €10 million initial round of financing with Ring Capital and UNEXO (Crédit Agricole Group)
Kurmi Software develops software solutions that simplify and reduce the costs of provisioning enterprise Unified Communications services (telephony, video conferencing, email and instant messaging, collaborative applications). This is a powerful, user-centric software suite for simple, customizable, and ultra-scalable management of the market’s leading Unified Communications platforms (Cisco, Microsoft, Avaya, Alcatel-Lucent, and others).
Kurmi Software is headquartered in France with offices in Paris, Rennes, Berlin, Montreal, and New York. The company currently has 70 employees.
With hundreds of top-tier customers in 17 countries, including Tier1 services providers, handled directly, and large Fortune Global 500 companies, handled through system integrator partners, Kurmi Software generated sales of over $10 million in 2019, more than 70% of which were overseas. Growth has accelerated of late, with turnover tripling in the last three years.
The investment provided by Ring Capital and UNEXO will support Kurmi Software’s development strategy based on four main axes:
- Further expand its geographical footprint in EMEA, Americas & Asia
- Accelerate its technological roadmap to support a broader range of platforms
- Lead market shift towards SaaS model
- Develop new innovative “beyond UC” solutions
“We are very proud to be supporting this new stage by Kurmi Software. Kurmi, whichhas been experiencing a strong and profitable growth, has the potential to become an international tech leader in its market. Accelerating growth through tech and product development is our core investment strategy,” notes Alban de La Breteche Partner, Ring Capital.
“Born in the Brittany region, Kurmi has built for its customers, who are Unified Communications service suppliers and users, a solution that simplifies and secures the deployment and administration of UC tools. With its ergonomic, efficient solution, and spurred by its market’s growth, Kurmi has grown quickly in Europe, Asia, and North America. Our role as investor at Crédit Agricole Group is to support the emergence of world leaders across our territories, and this deal is a perfect example,” asserts Mélanie Hébert, UNEXO.
“Kurmi Software’s international growth in the enterprise Unified Communications market, alongside major world players – particularly North American ones – is a real source of pride. It’s the result of a truly entrepreneurial approach that I value very highly. It means taking risks and creating opportunities that are managed over the long term. With Ring Capital and Unexo joining Niji on Kurmi’s capital, Kurmi has achieved a major milestone in its ambition to become a world leader,” explains Hugues Meili, CEO of Niji and Chairman of Kurmi Software’s Board.
“It’s crystal-clear that product innovation, commitment to customer satisfaction, together with enthusiastic and ambitious team spirit have been driving Kurmi Software’s successful development for years now. We’ve got massive growth potential – in both our existing and new markets! And we now have the means to accelerate our development even more, including creating innovative new “Beyond UC” solutions,” explains Thibaut Felgères, CEO of Kurmi Software.
About Kurmi Software
Kurmi Software develops software solutions that simplify and reduce the provisioning and administration costs of Unified Communications services (telephony, videoconferencing, email and instant messaging, collaborative applications). Kurmi offers a powerful, user-centric software suite for simple, customizable, and ultra-scalable management of the market’s leading Unified Communications platforms (Cisco, Avaya, Microsoft, Alcatel-Lucent, and others). Founded in France in 2011, with offices in Paris, Rennes, Berlin, Montreal and New York, Kurmi Software supports Tier1 services providers and large Fortune Global 500 companies. Kurmi Software currently has 70 employees.
About Ring Capital
Ring Capital is an investment ecosystem dedicated to fast growing tech and digital scale-ups. Ring Capital’s first fund of € 165M is positioned in the growth private equity segment. The team invests the funds by acquiring minority interests of € 3 to 15M in tech and digital companies to help them grow and scale through internationalization and external growth.
The founders are Geoffroy Bragadir, successful web entrepreneur (founder and former CEO of Empruntis) and Nicolas Celier, ex-Partner of Alven Capital. They have around them a first-class operational team (ex-Criteo CTO, web marketing and data experts, etc.) and a community of experts and mentors gathered in the Ring2Success support program dedicated to the portfolio companies.
The managed funds come from institutional investors such as Tikehau Capital and bpifrance, as well as families and private investors.
Find out more: www.ringcp.com
About UNEXO – Credit Agricole Group
UNEXO, an investment fund in the Credit Agricole Group, supports leaders and entrepreneurs in the Greater West of France with innovation, development, transmission, and debt funds. Its innovation capital is used to support the players shaping tomorrow’s economy through useful and impactful tech innovations. UNEXO drives economic momentum by keeping decision-making centers and jobs local. It has a minority stake in close to a hundred companies.
Key figures: €480 million in equity, 100 companies in the portfolio, 20 employees, and 300 companies supported since 1993.
Territories: Brittany, Pays de la Loire, Normandie, Charente-Maritime and Deux-Sèvres.
Offices: Rennes (head office), Nantes, Caen, and Rouen.
Media Contact: Hélène Martin (+33) 02 99 67 99 08 – www.unexo.fr