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Prodware SA #2

presented by October France

€960,000

3.6%

60 months

A

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location

Location

Paris, France

activity

Activity

Information & Communication

Presentation of the company

Prodware SA is the holding company of the group Prodware set up in 1989 and active in the IT solutions sector. Managed by Stéphane Conrard, Alain Conrard and Philippe Bouaziz, the group has 1355 employees and is based in Paris.

Mr. Stéphane Conrard, Alain Conrard and Philippe Bouaziz, managing directors, have overall 30 years of professional experience in the sector.

The group’s main activities are:

  • the publishing and the integration of IT solutions by sectors and activities the web hosting and consulting on IT the maintenance of deployed solutionsThe group works with 19 000 companies such as Findus, H&M, AIG, Suez.

The group is the leader on the Microsoft Dynamics, Sage and Autodesk solutions and able to support their clients in France and globally.

Prodware has active branches in 15 countries and a network of partners which enable to cover deployments in over 75 countries.

In France, the group is listed on Euronext Growth since 2007.

Project Description

The company requests 960 000 € to finance the works and materials purchases of the headquarter in Paris. This project will be realised in the next few months.

As a reminder, the October lending community supported Prodware SA in May 2018 with 3 600 000 € to finance the purchase of servers, storage spaces and develop its activity in USA.

This project is a Flexible Bridge Loan, an amortizable loan with a standard commitment for the first 9 months and the possibility of early repayment at no cost for the remainder of the loan term, even in the event of refinancing by other financial institutions.

The amount offered on the platform is limited to 470400€, which is in line with the regulatory limits.