WALLIX increases share capital by EUR 2 million, becomes PLC
WALLIX, a leading European IT-security company, has finalised an increase in share capital of €2 million to be carried out with Thierry Dassault Holding (TDH), the personal holding group of Thierry Dassault, and Auriga Partners, an independent venture-capital firm. As part of the deal, Thierry Dassault will acquire a stake in software developer WALLIX, which is to become a public-limited company.
- (1888PressRelease) December 14, 2011 - WALLIX has completed discussions with the Auriga Partners investment fund, therefore preparing itself to embark on an ambitious international-development plan together with Thierry Dassault, a specialist in economic intelligence and the President of Keynectis, a European leader in technologies and advisory services. WALLIX, which operates in the UK out of its offices in Reading (in southern England), designs and develops software applied to IT security.
"Through the years, the security of information exchanges on IT networks has become a fundamental challenge for businesses. My acquisition of a stake in WALLIX contributes to the strengthening of French companies' investment strategies for such fundamental IT-related subjects. I hope that WALLIX may be able to take its place rapidly among the leading European players as is the case today for Keynectis, which I have supported since its creation in 2004," says Thierry Dassault.
"WALLIX is positioned in a rapidly growing market with a strong added value, and we are very happy to finance and support the large-scale international developments which lie ahead," underlines François Lainée, Associate at Auriga Partners.
Since the launch of its WALLIX AdminBastion (WAB), the IT-security solution developed by the company in 2008, WALLIX has positioned itself clearly in the IAM (Identity and Access Management) market. WALLIX's solutions strengthen the security of access to IT systems, user-account management, and the traceability of computer activity. Indeed, WALLIX is one of very few companies in the world to have developed a technology of 'session recording', which allows the recording of individual network-connection sessions and reproduces them in video-logs.
Having analysed the growing success of the WALLIX's IT-security products on the market, and in order to accompany European product deployment, WALLIX has decided to reinforce its own capital with new financial partners. In order to do this, the company has entrusted a mandate to LD&A, the corporate-finance specialist, with a view to working together in raising capital through potential investors.
"This capital raising is going to strengthen significantly our pool of investors and our asset base, which constitutes a strong signal, for our key clients, in terms of the lasting nature [of the business]," declares Amaury Rosset, Financial Director and Partner of WALLIX.
The capital raised will essentially be dedicated to the development of alliances with new strategic partners, as well as to the international expansion of the company, with the recruitment of value-added resellers (VARs) within the EU (including Britain) and in Switzerland.
"Our development plan was able to appeal to leading investors and to the IT-security market at the same time. In a more robust setting, from now on, we envisage strengthening our presence in England, in Germany, in the Benelux countries as well as in the southern European countries that surround the Mediterranean, and in the Persian Gulf. Our objective is the accompaniment of the introduction of corporate governance and respect for regulatory and legal requirements, of dematerialization, and of ensuring the security of public (or private) Cloud Computing," explains Jean-Noël de Galzain, CEO of WALLIX.
"Given the growing impact of cyber criminality, and how far we have fallen behind in Europe [in this respect], we are even more motivated to provide our clients with means of IT controls and to build up an innovative and sustainable European proposition," adds the CEO of WALLIX.
In the final stage of the capital increase,WALLIX will be transformed into a public-limited company (or PLC) with a Board of Directors and a Management Board. The Board of Directors is set to consist of Amaury Rosset, Associate Finance Director; Jean-Yves Portalier, Director General and deputy to Jean-Noël de Galzain; and Jean-Noël de Galzain himself, who will become Chairman of the Board.
The company will set up a Supervisory Council composed of five members, namely Stéphane Taunay, Chairman of the Board of Sopromec (an investment company); Pierre-Yves Dargaud, Chairman of the Board of Access2Net (a venture-capital group); François Lainée, Associate at Auriga Partners; Didier Lesteven, entrepreneur; and, finally, Thierry Dassault. Didier Lesteven will be Chairman of the Supervisory Council of WALLIX.
In the past three years, WALLIX's range of solutions has established itself as a product leader for the external provision of secure IT access, for the traceability of users' actions, and for user-account management. Today, the WAB solutions developed by WALLIX are deployed in more than 100 large businesses and in industries as diverse as banking, manufacturing and the media, as well as in the public sector.
WALLIX's products are distributed in the form of software and hardware solutions through a network of integrators and certified VARs present in Belgium, England, France, Luxembourg, Russia and Switzerland.
About WALLIX
WALLIX is a developer and distributor of computer-security software specialising in traceability and risk management linked to the outsourcing of IT.
WALLIX, which is based in Paris (France) and in Reading (England), also has a subsidiary in New York (USA). The company distributes its software products through a network of VARs that operate across Europe and North Africa.
WALLIX's solutions are aimed at IT directors and those responsible for IT security, who must improve the IT risk management of businesses in order to be compliant with regulations. The company's products are used in the financial-services industry, in manufacturing, in health and medical services, and in the public sector.
WALLIX's Wallix Admin Bastion has been adopted by many large and medium-size companies. The company also produces WALLIX LogBox (WLB), a solution that logs system-connection information.
WALLIX is a prize-winner of the Oseo Innovation awards, of the PM'UP programme, and a partner of the System ( @ ) tic Paris Region high-technology cluster of excellence dot WALLIX has also recently been awarded the title Champion of the Cluster dot
For further information on the System ( @ ) tic Paris Region high-technology cluster, please go to: www dot systematic-paris-region dot org/en
For further information on WALLIX, please go to: www.wallix.com
For further information, please contact :
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katherine.woods ( @ ) ubifrance dot fr
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