16th, December 2020
Tennaxia carries out a development capital operation to accelerate its growth
Laval, 16th december 2020 – Tennaxia, a pioneer in the digital transformation of EHS and CSR*, founded by Bernard Fort and Maxime Delorme in 2001, has reached a new stage in its development: present in 90 countries through the services it provides to its customers, the company has just completed a €10 million financing round led by Omnes, together with Arkea Capital, a long-term shareholder, and Bpifrance.
Tennaxia’s two founders will remain the majority shareholders of the company.
Based in France, Tennaxia offers its customers a software platform in a “Software as a Service” (SaaS) model, as well as high value-added consulting services dedicated to sustainable business performance.
Whether assessing the sustainability of a business model, managing the regulatory compliance of an industrial site, or supporting issuers in their responsible investment strategy, Tennaxia designs tailor-made solutions for its clients based on a single software platform. Accustomed to associating its key customers in shaping the development roadmap of its software products, Tennaxia distinguishes itself by high- value customer relationships and a loyalty rate of 98%.
For these reasons, Tennaxia has formed strategic and exclusive partnerships with Euronext Corporate Services and Bpifrance. Every year, Tennaxia publishes its Study on Reporting Practices and Extra-Financial Reporting based on the trends in extra-financial reporting that it has analyzed. This year, the study was published in partnership with Euronext Corporate Services and BPI France for the first time.
The growth trends of the markets in which Tennaxia operates are clear. They are driven by strong demand for sustainability from civil society as a whole, intensification of regulation and by the growing interest of investors. As a result, the development of environmental, social and governance-orientated approaches (known as “ESG”) in asset management has opened up a new market in which the market players will benefit from Tennaxia’s expertise.
* EHS : Environment, Health and Safety,
* CSR : Corporate Social Responsability
* ESG : Environment, Social, Governance
« This development capital operation is an institutional recognition of the quality of our know-how and software solutions. With the support of Omnes, we are confident in our ability to transform Tennaxia’s potential into strong growth in a buoyant market. Having built a strong and stable company that is highly valued by its customers, Tennaxia is now accelerating its development, particularly in the responsible investment market (ESG*) and internationally. »
«At a time when extra-financial performance is becoming an ever more pervasive concern for companies and investors, Tennaxia will continue to be a key player thanks to the expertise of its teams and the quality of the relationship that the company has been able to build with its clients. »
« This development capital operation is the result of direct exchanges with the Chairman /Founder of Tennaxia over more than twelve months. Our ambitious development project is based both on the Company’s pioneering position in a buoyant, high-potential market and on the quality of its successful technology assets, in SaaS mode. »
Omnes is a major player of private equity and infrastructure financing. With over 4bn€ of assets managed, Omnes provides companies with the funds necessary to support their development through three types of services : Venture Capital, Growth Capital & Transmission, and Infrastructure. 100% of Omnes’ equity is owned by its employees. Omnes is strongly committed to ESG principles and has created the Omnes Foundation supporting children and youth. Omnes has also signed the United Nations Principles for responsible investiment (PRI).
As a minority stakeholder, Arkea Capital is a partner to private sector companies, from start-up to mid-size, at each stage of their development, while ensuring independence of decision making by its clients’ governing bodies. As a subsidiary of the Arkéa group dedicated to investment capital, Arkéa Capital is present in all sectors of the economy, throughout France, thanks to six regional offices and an expert team. Arkéa Capital partners with its clients and their chief executives through five investment vehicles: Arkéa Capital Investissement, Arkea Capital 2, Arkéa Capital Partenaire, Arkéa Capital Managers et We Positive Invest. Present with more than 100 private companies, Arkéa Capital currently manages an equity volume of about 1bn €.
Bpifrance partners with companies to help them see the bigger opportunity. From seed capital to public listing, from loan to equity, Bpifrance offers tailor-made financing solutions for each development stage of its clients.
Euronext Corporate Services is a 100% subsidiary of Euronext. It offers a suite of cutting-edge solutions and tailor-made advisory services in the fields of governance (iBabs), communication (Company Webcast), compliance (InsiderLog) and investor relations (Advisory and IR Solutions) to over 2,500 organizations from corporates to the public sector.
Created in 2001, Tennaxia is specialized in the field of sustainable performance for companies. As a software developer and consulting firm, the company helps its clients to improve their sustainability, non-financial management, and ESG strategies in different areas, in addition to environmental protection and the management of health and safety risks.
More than 350 companies (representing about 15,000 sites) in 90 countries trust Tennaxia’s software and solutions. In 2019 the company’s turnover reached 7.2 million euros. Tennaxia employs more than 60 people, divided between the headquarters in Laval and its offices in Lyon and Paris.