UGG-Siparex and Rhône-Alpes PME Gestion invest €1m in IP Directions

Both GPs are part of the Siparex group. UFG-Siparex invested through the Diadème Entreprises et Patrimoine and Diadème Patrimoine Flexible FIP retail funds, while Rhône-Alpes PME Gestion contributed via the RAPME 2010 FIP vehicle. The fresh funds will be used to strengthen IP Directions' technical and commercial teams.

Founded in 2006, Yerres-based IP Directions offers voice-over-IP (VOIP) solutions and services to telecommunication businesses. Working with around 70 clients across France, the company posted a €1.5m turnover in 2010 - it plans to triple this figure over the next three years.

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• Topics
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• Expansion
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• France