Goojet (France) - Dec 2007

Goojet has announced a total €2.3m investment by Partech International, Elaia Partners and IRDIICSO, which have injected an equal share with management retaining a majority stake in the young company. The deal was proprietary: Partech and Elaia were investors in Goojet CEO Marc Rougier’s last company, Meiosys, which was sold to IBM in 2005. Additionally, IRDI-ICSO invested in Goojet co-founder Ludovic Le Moan’s last venture. The deal took about six months to formalise.

Company

Goojet, a software company based in Toulouse, which was set up in the first quarter 2007, plans to take on rivals Webwag, ZenZui and the Nokia-backed Widsets in the development of widgets for mobile phones. It plans to introduce a new generation of operating system based on Java MIDP2, which will connect the web and mobile world. Its patented and innovative technology creates a new open space which will allow the user to tune and organise it either on the phone or on the web. Goojet currently has about 15 staff.

People

Marc Rougier is Goojet’s CEO, Ludovic Le Moan is co-founder. Marie Ekeland represented Elaia Partners, Philippe Collombel represented Partech International and Jean-Luc Rivière represented IRDI-ICSO.

Advisers

Equity - Jones Day, Isabelle Coustaud, Renaud Bonnet (Legal)Vendor - Soucaze, David Morel, Laurent Soucaze (Legal)

Sourced from: France unquote" 88 (Feb 2008)

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