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  6. Arcad Software, a world leader in Application Lifecycle Management solutions, announces a 2.5M fundraising from Alto Invest

Arcad Software, a world leader in Application Lifecycle Management solutions, announces a 2.5M fundraising from Alto Invest

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Created 25 years ago and present in Europe, USA and Asia, Arcad Software is among the top 3 global vendors specializing in Application Lifecycle Management (ALM) and Enterprise Modernization for IBM i (aka iSeries, AS/400) environments.

With the massive adoption of "DevOps" strategies and agile methods in companies of all sectors, ARCAD Software has taken advantage of this wave by establishing numerous strategic partnerships with the leaders in the market.  Now at the forefront of DevOps technology, ARCAD offers a global end-to-end, integrated and open solution, to orchestrate and secure the entire value stream from business strategy to end user.  ARCAD automates key phases in the DevOps cycle such as source code management, release management, regression testing and data masking.

ARCAD Software is today the only vendor to provide DevOps solutions with in-depth coverage of all UNIX, Linux, Windows, IBM i and z/OS platforms. The company was positioned in the Gartner "Magic Quadrant" for Application Release Automation in September 2017. ARCAD technology is distributed worldwide by IBM and a number of other strategic business partners.

The mission of ARCAD Software is to modernize IT heritage or legacy systems and leverage these assets through digital transformation.  ARCAD's modernization solutions and services apply both to the applications themselves and to the tools and methods use by the development teams, in order to:

  • Harmonize diverse technologies,
  • Increase team productivity,
  • Adopt current development standards (agile methods, DevOps)
  • Transition to a modern and flexible information system.

With this new fundraising, the group intends to accelerate and sustain its commercial development in Europe and international markets while continuing to invest heavily in its R & D to further consolidate its unique position in the global market.

"Of all the investors we met, Alto Invest is the only one to have paid so much attention to the human aspects of the company. This has created a major differentiating position. Their excellent track record in the field of software has also been a very strong argument for us," said Philippe Magne, founder of the Arcad group.

"We were seduced by the quality of management, the traditionally US-dominated niche market on which ARCAD has been historically based namely the modernization of the legacy IT systems, and the international position of the company from which it generates more than 60% of its turnover. ARCAD also focuses its growth on the DevOps market with high potential.  Alto Invest is delighted to support ARCAD Software in its development ", comments Olivier Tanneveau, Associate Director at Alto Invest.

"Philippe Magne is one of those very combative entrepreneurs, who has managed to become a world leader in this ALM market dominated by US players, without any external funding until today. To support this project, we needed very sophisticated investors in the software sector able to understand the model and the strategy and to support the company in the next stage of its development", comments Guillaume Anselin, Associate Director at Soreval Corporate Finance.

Participants in the operation:

  • Financial Audit: Aequifi (Nicolas Pesson)
  • Alto Invest Lawyer: Taylor Wessing (Laurence Lapeyre, Mathias Briatta)
  • Arcad Lawyer: Avanne (Virginie Heidsieck)
  • Fundraising Advisor: Soreval Corporate Finance (Guillaume Anselin)
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