Apax Partners Development has signed an agreement to acquire a majority stake in Diapason alongside its founder Pascal Kravitzch and the management team who are reinvesting significantly in the operation.
Diapason offers a software solution that meets the digitalization needs of financial departments, allowing them to optimize their liquidity management, automate and secure their payments and manage the risks associated with their portfolios of financial instruments. Innovative and recognized software, it is distinguished by its strong capacity for customization, enabling it to meet both the standard needs and the most specific needs of its customers.
Launched in 2009, Diapason very quickly imposed itself as the reference solution, first with large groups both in France and abroad, then with customers of all sizes. The company now generates just under €10 million in turnover, has around fifty employees and supports more than 10,000 users in more than 50 countries.
With the support of Apax Partners Development, the company aims to increase its market share within major accounts, and to expand its presence on the ETI market.
The group also aims to continue its international expansion and support its external growth, to broaden its customer base or to establish itself in new geographical areas.
Isabelle Hermetet and Bérenger Mistral, Partner and Director at Apax Partners Development, specify: «Driven by a very experienced management team and a leading technical offer, Diapason is today a company renowned mainly with major international accounts, leader in its market. We are very happy to support Diapason’s ambitious strategy. The acceleration of the group’s growth will notably involve development with mid-cap companies and the acquisition of other publishers of cash management solutions or related applications ».
Pascal Kravitzch, founder and chairman of Diapason’s publishing company, underlines: « Apax Partners Development shares with us a real leadership ambition for Diapason. Based on its reference position in its current market, many potentialities are just waiting to be developed. In addition, we share with the teams of Apax Partners Development a base of common values and are happy to be able to benefit from a know-how which will allow us to evolve at a more sustained pace while ensuring a long-term perspective in the interest of our customers and our ecosystem ».