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March 24, 2006
France's Netcentrex Mulls IPO
With jobs open in marketing, biz dev, R&D, and sales, France’s Netcentrex, a supplier of xDSL and broadband gear, is obviously growing along with the demand for VOIP services, and today there’s news of an upcoming IPO.
Netcentrix co-founder and CTO Olivier Hersent has kept a key role at company despite several rounds of finance and acquisitions
Les Echos reports today that an IPO is in the works for the equipment vendor, whose sales in 2005 were €40M up from €26M in 2004, the year that it became profitable. Its chief executive told the French paper that sales of €60M are expected this year. There is no word on the bankers mandated for the transaction, a date, or the probable size.
The startup raised $34M from VCs including CDC Innovation Partners, Crescendo Ventures, Innovacom, and Newbury Ventures, among others. Founded in 1998, Netcentrex lays claim to providing its gear for over 2 million VoIP lines in commercial service.
It could be a sizable floatation. Les Echos reminds us that Netcentrex’s closest rival, Cirpack was acquired by Thomson, one of Europe’s largest technology companies, for an estimated €94M last year. According to the alarm:clock euro's notes, the year before it was acquired profitable Cirpack had sales of €15M.
Posted on March 24, 2006 10:07 AM | Posted to Hardware | Permalink
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