Newfund et al. invest in TCMC

The amount of the investment was not disclosed, but the new investors took a minority stake in the business following the deal.

The fresh funds will be used to finance the company's internal development and acquisition strategy, in order to accelerate its growth in the coming months.

Founded in 2005, TCMC is an online customer relationship relationship management (CRM) solutions provider based in Montrouge. The company targets large French retailers and specilises in online and mobile CRM tools. TCMC posted a €4m gross operating profit for 2009.

The unquote" team is currently researching this transaction. In-depth deal information for subscribers will follow shortly.

If you have any information regarding this transaction, please contact Grégoire Gille on +44 20 7484 9824 or gregoire.gille@incisivemedia.com

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