Ardian backs Saaswedo

The company plans to reinforce its position in France and to expand internationally, particularly in the US.

Ardian invested via its 2014-vintage Ardian Croissance Fund, a €70m vehicle targeting SMEs in France and continental Europe. The fund invests up to €10m per transaction.

Company
Founded in 2010, Saaswedo's software is aimed at managing telecom policies and optimising costs. The company claims it can provide companies with savings of up to 50%. It currently has 20 partnerships with telecom carriers in Europe and the US.

People
Gilles Mezari is president and Christian Cor is managing director of Saaswedo. Both co-founded the company. Laurent Foata is head of Ardian Growth and was accompanied by Romain Chiudini in the transaction.

Advisers
Equity – Brunswick, Philippe Beauregard, Celine Lepamentier (Legal).
Company – Fidal, Bertrand Ducoin (Legal).

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• Topics
• Expansion
• Technology
• France
• France
• Ardian (formerly Axa PE)