Gimv sells its stake in French software provider Mentum

28/11/2012 - 07:00 | Portfolio

Gimv sells its stake in software provider Mentum to InfoVista (www.infovista.com), the leading provider of service performance assurance software solutions for network and application services transported by all-IP networks.

Mentum (www.mentum.com) provides industry-leading software and service solutions that allow wireless operators, equipment vendors and consultants to efficiently plan, manage and optimize wireless access as well as backhaul networks, plan coverage expansions and launch new broadband wireless networks. The company, founded in 2000 and headquartered in Paris (France), currently employs 111 people across six global locations (Dallas, Ottawa, Stockholm, Hong-Kong and Tokyo). Through the company’s global presence and focused business approach, it helps more than 375 customers in 120 countries define their wireless networks.

Philippe Catherine, Chairman & CEO of Mentum, on the cooperation with Gimv: “Over the past 10 years, Gimv has been a valuable and a reliable partner for Mentum participating actively to our strategy. The Gimv team stimulated innovation which nurtured our growth strategy and allowed us to increase our market share and customer base. We are now a leading player in our core market and the strong support from Gimv has been a key ingredient of our success. Knowing that the management of the network lifecycle should be increasingly integrated to drive operational efficiencies, therefore, the acquisition by InfoVista is an obvious and strategic move in that direction.”

The sale has no significant impact on Gimv’s last published equity value at 30 September 2012. No further financial details on this transaction will be disclosed.

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